Common use of Prohibition on Fundamental Changes Clause in Contracts

Prohibition on Fundamental Changes. If the Owner Participant is an entity which has as its sole (or substantially equivalent to sole) business activity, the participation in the transactions contemplated by the Operative Documents, the Owner Participant shall not change its form of organization and shall not enter into or engage in any business other than as contemplated by the Operative Documents and the activities related thereto.

Appears in 12 contracts

Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)

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Prohibition on Fundamental Changes. If the Owner Participant is an entity which has as its sole (or substantially equivalent to sole) business activity, the participation in the transactions contemplated by the Operative Documents, the The Owner Participant shall not change its form of organization and shall not enter into or engage in any business other than as contemplated by the Operative Documents and the activities related thereto.

Appears in 9 contracts

Samples: Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC)

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