Common use of Successor Owner Lessor Clause in Contracts

Successor Owner Lessor. The parties hereto agree that the transfer or assignment pursuant to the terms of the Trust Agreement by the Owner Lessor to a successor Owner Lessor, pursuant to the trust created thereunder, will not violate the terms of any Operative Document.

Appears in 7 contracts

Samples: Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC)

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Successor Owner Lessor. The parties hereto agree that the transfer or assignment pursuant to the terms of the Trust LLC Agreement by the Owner Lessor to a successor Owner Lessor, pursuant to the trust created thereunder, will not violate the terms of any Operative Document.

Appears in 4 contracts

Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)

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Successor Owner Lessor. The parties hereto agree that the transfer or assignment pursuant to the terms of the Trust LLC Agreement by the Owner Lessor to a successor Owner Lessor, pursuant to the trust created thereunder, Lessor will not violate the terms of any Operative Document.

Appears in 3 contracts

Samples: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC), Participation Agreement (Reliant Energy Mid Atlantic Power Services Inc)

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