Common use of Representation Regarding Ownership of Capacity Rights Clause in Contracts

Representation Regarding Ownership of Capacity Rights. Subject to Section 6.4, Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of any of the Capacity Rights to any Person other than the Project Participants or attempt to do any of the foregoing with respect to any of the Capacity Rights. Seller shall not report to any Person that any of the Capacity Rights belong to any Person other than Buyer (or at Buyer’s designation, the Project Participants).

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

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Representation Regarding Ownership of Capacity Rights. Subject to Section 6.4, : (i) Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of any of the Capacity Rights to any Person other than the Project Participants Buyer or attempt to do any of the foregoing with respect to any of the Capacity Rights. ; (ii) Seller shall not report to any Person that any of the Capacity Rights belong to any Person other than Buyer; and (iii) Buyer (or may, at Buyer’s designationits own risk and expense, report to any Person that the Project Participants)Capacity Rights belong to it.

Appears in 1 contract

Samples: Power Purchase Agreement (Ormat Technologies, Inc.)

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Representation Regarding Ownership of Capacity Rights. Subject to Section 6.4, : (i) Seller shall not assign, transfer, convey, encumber, sell or otherwise dispose of any of the Capacity Rights to any Person other than the Project Participants Buyer or attempt to do any of the foregoing with respect to any of the Capacity Rights. ; (ii) Seller shall not report to any Person that any of of‌ the Capacity Rights belong to any Person other than Buyer; and (iii) Buyer (or may, at Buyer’s designationits own risk and expense, report to any Person that the Project Participants)Capacity Rights belong to it.

Appears in 1 contract

Samples: Power Purchase Agreement

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