PPA Assignment Sample Clauses

PPA Assignment. Seller may not assign this PPA, in whole or in part, except (a) as authorized in Section 15.4, (b) after prior written notice to PSE and receipt of PSE’s written consent, to an entity purchasing Seller or Seller’s business at the Premises that will remain a retail electric customer of PSE at the Premises. Except for assignments authorized under Section 15.4, Seller and the proposed assignee (proposed new Seller) must comply with Sections 15.2.1 through 15.2.4 below as conditions precedent to the effectiveness of any assignment of this PPA. If Seller or the proposed assignee fails to comply with any of Sections 15.2.1 through 15.2.3 below, the attempted assignment of this PPA will be null and void (except for a collateral assignment pursuant to Section 15.4). Any assignment of this PPA authorized under this Section 15.1 will constitute, from and after the effective date of such assignment, an acceptance and assumption by the assignee (new Seller) of all obligations of Seller under this PPA and a release and discharge by PSE of the assignor from such obligations arising after the effective date of such assignment. 15.2.1 Seller must (a) request PSE’s consent to such assignment by submitting to PSE a draft request for consent consistent with standard industry terms at least twenty (20) Business Days prior to the anticipated effective date of the requested assignment, and (b) receive PSE’s consent to the requested assignment, subject to any revisions or conditions to such consent that PSE may require. 15.2.2 If Appendix E is applicable, it will be a condition precedent of any assignment of this PPA authorized under this Section 15.2 that the assignee (new Seller) maintains Performance Security pursuant to Appendix E as of the effective date of the assignment. 15.2.3 If PSE executes the written consent, the assignee (new Seller) must execute and submit to PSE the notice of assignment (a form of which will be provided in conjunction with PSE’s provision of written consent to the assignment), no later than five (5) Business Days after the effective date of the assignment. 15.2.4 Within five (5) Business Days following the effective date of an assignment of this PPA authorized under this Section 15.2, the assignee (new Seller) must set up a new PSE Seller Account for the Facility and provide a W-9 for purposes of billing and payment. Upon establishment of the new PSE Seller Account, such assignee (new Seller) will be enrolled in PSE’s paperless billing process.
Sample 1
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PPA Assignment. Effective as of the Effective Date: a. On the terms and conditions set forth in this Agreement, WP hereby assigns, transfers and sets over to BPEC the PPA and VEPCO hereby acknowledges and accepts such assignment and transfer; b. With respect to the foregoing assignment, BPEC and VEPCO each undertake and assume the liabilities and obligations towards the other and acquire the rights against each other set forth in the PPA, whether such liabilities, obligations, or rights arose before, on, or after the Effective Date; c. WP and VEPCO are each released and discharged from all obligations to each other with respect to the PPA and their respective rights against each other thereunder are cancelled, whether such obligations or rights arose before, on, or after the Effective Date; provided, however, that such release and discharge of VEPCO shall not affect any rights of BPEC pursuant to subsection (b), above, and such release and discharge of WP shall not affect any rights of VEPCO against BPEC to pursuant to subsection (b), above; and d. In connection with this Assignment and the PPA, VEPCO and BPEC agree and acknowledge that the PPA constitutes a Commodity Trade Option as defined by the CFTC. As of the date hereof, (i) the party that is the offeree represents that it is: (a) a producer, processor, commercial user of, or a merchant handling, the commodity that is the subject of the Commodity Trade Option, or the products or by-products thereof; and (b) entering into the Commodity Trade Option solely for purposes related to its business as such; and (ii) each party represents to the other that the Commodity Trade Option, if exercised, contains a binding obligation for immediate or deferred shipment or delivery of the subject commodity; and (iii) VEPCO agrees that it will notify BPEC of any (1) assignment, merger, novation or other transfer of the PPA, whether by operation or law or otherwise and however effectuated or (2) change to the legal entity identifier of VEPCO, in each case no later than 10 a.m. on the second business day following the day on which such event occurs.
Sample 1

Related to PPA Assignment

  • Shift Assignment Should the University elect to establish a shift on any other schedule than the regular day shift (Monday through Friday) or to assign employees to work on any such shift, the employee(s) with the most seniority in the classification affected or to be assigned on such shift shall have preference in moving to such shift. If an insufficient number of employees in the classification elect to move to such shift, then the employee(s) with the least seniority in the classification shall be assigned to such shift. If positions or shifts are reduced or eliminated or movement of personnel to other shifts is required, then the seniority of the affected employee will prevail in the selection of shift, provided the affected employee can do the required work. Such shift preference is only applicable within the employee's classification.

  • Void Assignment Any sale, exchange or other transfer by any Member of any Units or other interests in the Company in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party.

  • Non-Assignment PROVIDER shall neither assign its rights nor delegate its duties under this Agreement without the prior written consent of A&M System.

  • Valid Assignment No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment and conveyance of such Receivable under this Receivables Purchase Agreement or the Sale and Servicing Agreement or the pledge of such Receivable under the Indenture is unlawful, void or voidable or under which such Receivable would be rendered void or voidable as a result of any such sale, transfer, assignment, conveyance or pledge. The Seller has not entered into any agreement with any account debtor that prohibits, restricts or conditions the assignment of the Receivables.

  • Work Assignment 8.1 The jurisdiction of the Unions shall be that jurisdiction established by Agreements between International Unions claiming the work or Decisions of Record recognized by the AFL-CIO for the various classifications and the character of work performed, having regard for the special requirements of thermal, nuclear or hydraulic generation and transmission and transformation construction. An Agreement or Decision of Record is one that is published by the Building and Construction Trades Department, AFL-CIO (Agreement and Decisions Rendered Affecting the Building Industry). Where no Decision or Agreement applies, the Employer agrees to consider evidence of established practices within the industry when making jurisdictional assignments. (a) A markup process will be utilized when an Employer intends to perform work on a project site*. The purpose of this markup process is to indicate to the Union the work which is planned to be carried out by the Employer in order to minimize the potential for jurisdictional disputes. (b) When work is to be performed on a project site and it meets the following criteria: same employer, same work, same project site, the markup process will not be required. This procedure shall not preclude a Union’s right to contest previously disputed work. * For the purposes of this Article, Nanticoke, Lambton, Lakeview/Xxxxx, BNPD, Pickering, Darlington, Lines and Stations and the 5 Electricity Production Zones are each considered individual project sites. In the Electricity Production Zones when work falls within this criteria the EPSCA Office will send out a “Notification of Work” along with a copy of the original minutes of xxxx-up meeting(s) to the Local Union prior to work commencing. This procedure shall not preclude the Union’s right to contest previously assigned work, if the work is in a Local Union jurisdiction other than the one it was marked up in. (c) When an Employer has work that is less than 3 weeks duration and there are ten (10) or fewer employees covered by EPSCA Collective Agreements employed on this specific work, the Union and Union affiliates will be notified of the scope of work and the Employer’s proposed work assignments. The Unions will have two (2) weeks from the date of notification to submit jurisdictional claims and supporting evidence to the Employer for consideration. The Employer will notify the Union of the final work assignments prior to the commencement of the work. (d) All work that does not meet the criteria set out in clauses 8.2(b) or 8.2(c) will be reviewed and assigned at a markup meeting. (e) EPSCA will provide written notice to the Union as far in advance as possible of markup meetings. The Unions may attend these markup meetings, and every effort will be made to settle questions of jurisdiction before the work is expected to commence. (f) The Employer who has the responsibility for the work shall make a proposed assignment of the work involved. The Employer shall be responsible for providing copies of proposed assignments to the Union at the markup meeting. The Employer will specify a reasonable time limit for the Unions involved to submit evidence of their claims. The Employer will evaluate all evidence submitted and make a final assignment of the work involved. This final assignment will be in accordance with the procedural rules established by the Plan for the Settlement of Jurisdictional Disputes in the Construction Industry. The Employer will advise the Unions of the final assignments prior to the work commencing. (g) The EPSCA representative will record the proposed assignments and jurisdictional claims and forward a copy of them within fifteen (15) working days to the Union. (h) The parties recognize that circumstances may arise, particularly with discovery and emergency work, where the process set out above may not be practical or possible, however reasonable effort will be made by the Employer to adhere to the appropriate trade jurisdiction.

  • Room Assignment The Landlord will assign rooms in accordance with the current assignment practice set by Residence Services. The Landlord reserves the right to transfer or move Tenants when deemed necessary. Tenants failing to arrive within 48 hours of the specified move-in date, without informing Residence Services of the delay, will lose their room assignment.

  • Contract Assignment You cannot assign this contract to another person nor sublet any part of the premises.

  • SUBLET/ASSIGNMENT The Lessee may not transfer or assign this Lease, or any right or interest hereunder or sublet said leased Premises or any part thereof without first obtaining the prior written consent and approval of the Lessor.

  • Lien; Valid Assignment Subject to the Standard Qualifications, each endorsement or assignment of Mortgage and assignment of Assignment of Leases from the Mortgage Loan Seller or its Affiliate is in recordable form (but for the insertion of the name of the assignee and any related recording information which is not yet available to the Mortgage Loan Seller) and constitutes a legal, valid and binding endorsement or assignment from the Mortgage Loan Seller, or its Affiliate, as applicable. Each related Mortgage and Assignment of Leases is freely assignable without the consent of the related Mortgagor. Each related Mortgage is a legal, valid and enforceable first lien on the related Mortgagor’s fee (or if identified on the Mortgage Loan Schedule, leasehold) interest in the Mortgaged Property in the principal amount of such Mortgage Loan or allocated loan amount (subject only to Permitted Encumbrances (as defined below) and the exceptions to paragraph 8 below (each such exception, a “Title Exception”)), except as the enforcement thereof may be limited by the Standard Qualifications. Such Mortgaged Property (subject to Permitted Encumbrances and Title Exceptions) as of origination and, to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, is free and clear of any recorded mechanics’ or materialmen’s liens and other recorded encumbrances that would be prior to or equal with the lien of the related Mortgage (which lien secures the related Whole Loan, in the case of a Mortgage Loan that is part of a Whole Loan), except those which are bonded over, escrowed for or insured against by the applicable Title Policy (as described below), and as of origination and, to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no rights exist which under law could give rise to any such lien or encumbrance that would be prior to or equal with the lien of the related Mortgage, except those which are bonded over, escrowed for or insured against by the applicable Title Policy. Notwithstanding anything herein to the contrary, no representation is made as to the perfection of any security interest in rents or other personal property to the extent that possession or control of such items or actions other than the filing of Uniform Commercial Code financing statements is required to effect such perfection.

  • Deed; Xxxx of Sale; Assignment To the extent required and permitted by applicable law, this Agreement shall also constitute a “deed,” “xxxx of sale” or “assignment” of the assets and interests referenced herein.

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