Common use of Requisition of Use Clause in Contracts

Requisition of Use. In the case of a requisition of use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition of use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition of use for the period after the Lease Termination Date.

Appears in 2 contracts

Samples: Participation Agreement (Entergy New Orleans, LLC), Participation Agreement (Entergy New Orleans, LLC)

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Requisition of Use. In the case of a requisition Requisition of use Use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period after the Lease Termination Date.

Appears in 2 contracts

Samples: Lease (Public Service Co of New Mexico), Public Service Co of New Mexico

Requisition of Use. In the case of a requisition Requisition of use Use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. , So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period after the Lease Termination Date.. 6091. BXXXXXX. 1106.47:1

Appears in 1 contract

Samples: Public Service Co of New Mexico

Requisition of Use. In the case of a requisition Requisition of use Use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. So long as no no. Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period ending on the Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period after the Lease Termination Date.

Appears in 1 contract

Samples: Lease (Public Service Co of New Mexico)

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Requisition of Use. In the case of a requisition Requisition of use Use not constituting an Event of Loss, this Facility Lease shall continue, and each and every obligation of the Lessee hereunder and under each Transaction Document shall remain in full force and effect. So long as no Default or Event of Default shall have occurred and be continuing, the Lessee shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period ending on the 6091.20.2898.47:1 - 21 - Lease Termination Date, and the Lessor shall be entitled to all sums received by reason of any such requisition Requisition of use Use for the period after the Lease Termination Date.

Appears in 1 contract

Samples: Lease (Public Service Co of New Mexico)

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