Common use of Shared Facilities and Portfolio Financing Acknowledgements, Etc Clause in Contracts

Shared Facilities and Portfolio Financing Acknowledgements, Etc. (a) SCE acknowledges and agrees that, subject to the terms and conditions set forth in this Agreement, (i) Seller has represented to SCE that the Shared Facilities are, or will or may be, subject to sharing and common ownership, use and financing arrangements between Seller and the Other Seller(s), and (ii) all such arrangements, including any and all related rights, liabilities, obligations and financings (including any pledge or collateral assignments in connection with such arrangements) shall be permitted by, and are not in conflict with, and do not give rise to any default under, this Agreement. (b) SCE acknowledges and agrees that, subject to the terms and conditions set forth in this Agreement, (i) Seller has represented to SCE that Seller may elect to finance all or any portion of the Generating Facility, along with the Other Seller(s) (or the Other Generating Facility(ies) or the Shared Facilities, on a Portfolio or other aggregated basis, which may include cross-collateralization or similar arrangements requested by Lenders to enable such financing, and (ii) all such arrangements are not in conflict with, and do not give rise to any default under, this Agreement. (c) The Parties shall cooperate with one another as may be reasonably requested by the other Party to provide such further approvals or acknowledgements in connection with Sections 10.18(a) and (b).

Shared Facilities and Portfolio Financing Acknowledgements, Etc. ‌ (a) SCE acknowledges and agrees that, subject to the terms and conditions set forth in this Agreement, (i) Seller has represented to SCE that the Shared Facilities are, or will or may be, subject to sharing and common ownership, use and financing arrangements between Seller and the Other Seller(s), and (ii) all such arrangements, including any and all related rights, liabilities, obligations and financings (including any pledge or collateral assignments in connection with such arrangements) shall be permitted by, and are not in conflict with, and do not give rise to any default under, this Agreement. (b) SCE acknowledges and agrees that, subject to the terms and conditions set forth in this Agreement, (i) Seller has represented to SCE that Seller may elect to finance all or any portion of the Generating Facility, along with the Other Seller(s) (or the Other Generating Facility(ies) or the Shared Facilities, on a Portfolio or other aggregated basis, which may include cross-collateralization or similar arrangements requested by Lenders to enable such financing, and (ii) all such arrangements are not in conflict with, and do not give rise to any default under, this Agreement. (c) The Parties shall cooperate with one another as may be reasonably requested by the other Party to provide such further approvals or acknowledgements in connection with Sections 10.18(a) and (b).