Common use of Release of the Parent Guarantor Clause in Contracts

Release of the Parent Guarantor. In the event that (a) the Parent Guarantor ceases to control (within the meaning of the Securities Act) the Affiliated Entities, (b) the new controlling person has agreed to assume the obligations of the Parent Guarantor hereunder, (c) the Parent Guarantor shall have received the written consent of the Administrative Agent, and (d) the Parent Guarantor and such new controlling person shall have executed documents and provided opinions of counsel reasonably requested by the Administrative Agent, then the Parent Guarantor shall be permitted to assign its obligations hereunder to such new controlling person, and upon such assignment, this Guaranty shall terminate with respect to the Parent Guarantor and the Parent Guarantor shall be released from its obligations hereunder without the necessity of any further action of the parties to this Guaranty.

Release of the Parent Guarantor. In the event that (a) the Parent Guarantor ceases to control (within the meaning of the Securities Act) Sunnova Management and the Affiliated EntitiesBorrower, (b) a Facility Administrator Termination Event has not occurred, (c) the new controlling person has agreed to assume the obligations of the Parent Guarantor hereunder, (cd) the Parent Guarantor shall have received the written consent of the Administrative Agent, and (de) the Parent Guarantor and such new controlling person shall have executed documents and provided opinions of counsel reasonably requested by the Administrative Agent, then the Parent Guarantor shall be permitted to assign its obligations hereunder to such new controlling person, and upon such assignment, this Guaranty shall terminate with respect to the Parent Guarantor and the Parent Guarantor shall be released from its obligations hereunder without the necessity of any further action of the parties to this Guaranty.

Release of the Parent Guarantor. In the event that (a) the Parent Guarantor ceases to control (within the meaning of the Securities Act) Sunnova Management, SAP Seller, TEP Resources and the Affiliated EntitiesBorrower, (b) a Facility Administrator Termination Event has not occurred, (c) the new controlling person has agreed to assume the obligations of the Parent Guarantor hereunder, (cd) the Parent Guarantor shall have received the written consent of the Administrative Agent, and (de) the Parent Guarantor and such new controlling person shall have executed documents and provided opinions of counsel reasonably requested by the Administrative Agent, then the Parent Guarantor shall be permitted to assign its obligations hereunder to such new controlling person, and upon such assignment, this Guaranty shall terminate with respect to the Parent Guarantor and the Parent Guarantor shall be released from its obligations hereunder without the necessity of any further action of the parties to this Guaranty.