Common use of Repowering Clause in Contracts

Repowering. The Parties recognize that (1) power generation technologies are improving at a rapid rate and that Company may (but shall not be obligated to) from time to time replace or repair Solar Facility Equipment on the Leased Property with newer (and potentially smaller or larger) models and types of Solar Facility Equipment, and (2) the activities contemplated by this Lease may be accomplished by Company or by one or more third parties authorized by Company.

Appears in 4 contracts

Sources: Solar Energy Lease Agreement, Solar Energy Lease Agreement, Solar Energy Lease Agreement

Repowering. The Parties recognize that (1a) power generation technologies are improving at a rapid rate and that Company may (but shall not be obligated to) from time to time replace or repair Solar Facility Equipment on the Leased Property with newer (and potentially smaller or larger) models and types of Solar Facility Equipment, subject to reasonable height limitations requested by Landowner to minimize the visual impact of such equipment, and (2b) the activities contemplated by this Lease may be accomplished by Company or by one or more qualified, and, where required or appropriate, licensed, insured and registered third parties authorized by Company.

Appears in 1 contract

Sources: Solar Energy Lease Agreement