Common use of Permitted Assignment by Seller Clause in Contracts

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller or its Affiliates to pledge or assign the Hydro-Québec Power Resources, this Agreement or the revenues under this Agreement, in each case, to any Affiliate of Seller; provided, however, that, if Seller requests Buyer’s consent to an assignment, (a) Buyer shall provide that consent subject to Buyer’s execution of a consent to assignment in a form acceptable to Buyer and Seller, and (b) Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer reasonably incurs in connection with that consent, without regard to whether such consent is provided. Provided that Seller maintains its ability to continue to satisfy Seller’s obligation to perform under this Agreement, Buyer’s consent shall not be required for Seller or its Affiliates to sell or transfer any interest in the Hydro-Québec Power Resources.

Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller or its Affiliates to pledge or assign the HydroFacilityHydro-Québec Power Resources, this Agreement or the revenues under this Agreement, in each case, to any Affiliate Lender as security for any FinancingAffiliate of Sellerthe FacilitySeller; provided, however, that, if Seller requests Buyer’s consent to such an assignment, (aia) Buyer shall provide that consent subject to Buyer’s execution of a consent to assignment in a form acceptable to Buyer and Seller, and (biib) Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer reasonably incurs in connection with that consent, without regard regardingregard to whether such consent is provided. Provided that Seller maintains its ability to continue to satisfy Seller’s obligation to perform under this Agreement, Buyer’s consent shall not be required for Seller or its Affiliates to sell or transfer any interest in the Hydro-Québec Power Resources.