Common use of Permitted Assignment by Seller Clause in Contracts

Permitted Assignment by Seller. Seller may, without the prior written consent of Xxxxx, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); if, and only if: (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will assume all of Seller’s obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in the preceding sentence, any assignment by Xxxxxx, its successors or assigns under this Section 14.3 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by Seller.

Appears in 2 contracts

Samples: Energy Storage Agreement, Energy Storage Agreement

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Permitted Assignment by Seller. Seller may, without the prior written consent of XxxxxBuyer, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); if, and only if:if:‌ (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will assume all of Seller’s obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in Notwithstanding the preceding sentenceforegoing, any assignment by XxxxxxSeller, its successors or assigns under this Section 14.3 14.2 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by SellerBuyer.

Appears in 1 contract

Samples: Power Purchase Agreement

Permitted Assignment by Seller. Seller may, without the prior written consent of Xxxxx, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); if, and only if: (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will assume all of Seller’s obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in Notwithstanding the preceding sentenceforegoing, any assignment by Xxxxxx, its successors or assigns under this Section 14.3 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by SellerXxxxx.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Permitted Assignment by Seller. Seller may, without the prior written consent of Xxxxx, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); ;), if, and only if:if:‌ (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will assume all of Seller’s obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in Notwithstanding the preceding sentenceforegoing, any assignment by Xxxxxx, its successors or assigns under this Section 14.3 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by SellerXxxxx.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

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Permitted Assignment by Seller. Seller may, without the prior written consent of Xxxxx, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); if, and only if: (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will assume all of Seller’s 's obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in Notwithstanding the preceding sentenceforegoing, any assignment by Xxxxxx, its successors or assigns under this Section 14.3 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by SellerXxxxx.

Appears in 1 contract

Samples: Power Purchase Agreement

Permitted Assignment by Seller. Seller may, without the prior written consent of XxxxxBuyer, transfer or assign this Agreement to: (a) an Affiliate of Seller or (b) any Person succeeding to all or substantially all of the assets of Seller (whether voluntary or by operation of law); if, and only if: (i) the assignee is a Permitted Transferee; (ii) Seller has given Buyer Notice at least fifteen (15) Business Days before the date of such proposed assignment; and (iii) Seller has provided Buyer a written agreement signed by the Person to which Seller wishes to assign its interests that (x) provides that such Person will shall assume all of Seller’s obligations and liabilities under this Agreement upon such transfer or assignment and (y) certifies that such Person meets the definition of a Permitted Transferee. Except as provided in the preceding sentence, any assignment by XxxxxxSeller, its successors or assigns under this Section 14.3 shall be of no force and effect unless and until such Notice and agreement by the assignee have been received and accepted by SellerBuyer.

Appears in 1 contract

Samples: Power Purchase Agreement

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