Common use of Sale of Property and Assignment Clause in Contracts

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease to the new owner in accordance with the terms of this Lease, or if the new owner refuses to take assignment, then you will be deemed to have terminated this Lease, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease to another party, you agree to treat this other party as your counterparty under this Lease. Otherwise, the terms of this Lease will not change if this Lease or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this Lease. If Sunrun transfers the Solar Facility or this Lease to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)

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Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property Property, you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease to the new owner in accordance with the terms of this Lease, or if the new owner refuses to take assignment, then you will be deemed to have terminated this Lease, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease to another party, you agree to treat this other party as your counterparty under this Lease. Otherwise, the terms of this Lease will not change if this Lease or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this Lease. If Sunrun transfers the Solar Facility or this Lease to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease Agreement to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease Agreement to the new owner in accordance with the terms of this LeaseAgreement, or if the new owner refuses to take assignment, then you will be deemed to have terminated this LeaseAgreement, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease Agreement along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease Agreement to another party, you agree to treat this other party as your counterparty under this LeaseAgreement. Otherwise, the terms of this Lease Agreement will not change if this Lease Agreement or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this LeaseAgreement. If Sunrun transfers the Solar Facility or this Lease Agreement to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease Agreement to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx wxx.xxxxxx.xxx to obtain an assignment agreement. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property Property, you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease Agreement to the new owner in accordance with the terms of this LeaseAgreement, or if the new owner refuses to take assignment, then you will be deemed to have terminated this LeaseAgreement, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease Agreement along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease Agreement to another party, you agree to treat this other party as your counterparty under this LeaseAgreement. Otherwise, the terms of this Lease Agreement will not change if this Lease Agreement or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this LeaseAgreement. If Sunrun transfers the Solar Facility or this Lease Agreement to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx wxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease to the new owner in accordance with the terms of this Lease, or if the new owner refuses to take assignment, then you will be deemed to have terminated this Lease, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease to another party, you agree to treat this other party as your counterparty under this Lease. Otherwise, the terms of this Lease will not change if this Lease or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this Lease. If Sunrun transfers the Solar Facility or this Lease to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease Agreement to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx wxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease Agreement to the new owner in accordance with the terms of this LeaseAgreement, or if the new owner refuses to take assignment, then you will be deemed to have terminated this LeaseAgreement, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease Agreement along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease Agreement to another party, you agree to treat this other party as your counterparty under this LeaseAgreement. Otherwise, the terms of this Lease Agreement will not change if this Lease Agreement or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this LeaseAgreement. If Sunrun transfers the Solar Facility or this Lease Agreement to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

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Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease Agreement to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property Property, you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease Agreement to the new owner in accordance with the terms of this LeaseAgreement, or if the new owner refuses to take assignment, then you will be deemed to have terminated this LeaseAgreement, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease Agreement along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease Agreement to another party, you agree to treat this other party as your counterparty under this LeaseAgreement. Otherwise, the terms of this Lease Agreement will not change if this Lease Agreement or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. as long as you are fulfilling your obligations under this LeaseAgreement. If Sunrun transfers the Solar Facility or this Lease Agreement to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx wxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property Property, you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease to the new owner in accordance with the terms of this Lease, or if the new owner refuses to take assignment, then you will be deemed to have terminated this Lease, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease to another party, you agree to treat this other party as your counterparty under this Lease. Otherwise, the terms of this Lease will not change if this Lease or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this Lease. If Sunrun transfers the Solar Facility or this Lease to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Sale of Property and Assignment. (a) If you sell the Property you may assign this Lease Agreement to the new owner, provided that the new owner meets Sunrun's reasonable credit requirements and first agrees in writing to be bound by all of the terms and conditions set forth herein. Please contact Sunrun or visit xxx.xxxxxx.xxx to obtain an assignment agreement. (b) During the Initial Term, within sixty (60) days of entering into a contract to sell the Property Property, you will have the option to purchase the Solar Facility in accordance with Section 10. (c) If you sell or otherwise transfer your interest in the Property without either purchasing the Solar Facility or assigning this Lease Agreement to the new owner in accordance with the terms of this LeaseAgreement, or if the new owner refuses to take assignment, then you will be deemed to have terminated this LeaseAgreement, and Sunrun may exercise its rights under Section 19(a). (d) Sunrun may assign, lease, sublease, or transfer the Solar Facility and this Lease Agreement along with all rights and obligations hereunder to any third party (each, an "Assignee"), without first giving notice to you or obtaining your consent, for any purpose, including, without limitation, collection of unpaid amounts, financing of the Solar Facility's installation, or in the event of an acquisition, corporate reorganization, merger or sale of substantially all of its assets to another entity. If Sunrun or its Assignee chooses to transfer the Solar Facility or this Lease Agreement to another party, you agree to treat this other party as your counterparty under this LeaseAgreement. Otherwise, the terms of this Lease Agreement will not change if this Lease Agreement or the Solar Facility is assigned, leased, or transferred by Sunrun or its Assignee, and the Assignee will not be able to interfere with your rights to the Solar Facility as long as you are fulfilling your obligations under this LeaseAgreement. If Sunrun transfers the Solar Facility or this Lease Agreement to an Assignee, Sunrun will continue to operate and maintain the Solar Facility until you receive written notice otherwise. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

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