Common use of Taking of Facility Assets Clause in Contracts

Taking of Facility Assets. Other than with respect to a foreclosure on or other exercise by any Lender of any rights and remedy with respect to any asset of Seller in connection with a Financing, any asset of Seller that is required for the construction, operation or maintenance of the Facility or the performance of its obligations hereunder is taken upon execution or by other process of law directed against Seller, or any such asset is taken upon or subject to any attachment by any creditor of or claimant against Seller and such attachment is not disposed of within sixty (60) days after such attachment is levied; or

Appears in 11 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Taking of Facility Assets. Other AnyOther than with respect to a foreclosure on or other exercise by any Lender of any rights and remedy with respect to any asset the assets of Seller in connection associated with a Financing, any asset of Seller that is required material torequired for the construction, operation or maintenance of the Facility or the performance of its obligations hereunder is taken upon execution or by other process of law directed against Seller, or any such asset is taken upon or subject to any attachment by any creditor of or claimant against Seller and such attachment is not disposed of within sixty (60) days after such attachment is levied; or

Appears in 1 contract

Samples: Power Purchase Agreement

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Taking of Facility Assets. Other than with respect to a foreclosure on or other exercise by any Lender of any rights and remedy with respect to any asset of Seller in connection with a Financing, any Any asset of Seller that is required for material to the construction, operation or maintenance of the Facility or the performance of its obligations hereunder is taken upon execution or by other process of law directed against Seller, or any such asset is taken upon or subject to any attachment by any creditor of or claimant against Seller (other than a Lender pursuant to a collateral assignment pursuant to Section 14 hereof or the exercise of such Lender’s rights pursuant to such collateral assignment) and such attachment is not disposed of within sixty (60) days after such attachment is levied; or

Appears in 1 contract

Samples: Power Purchase Agreement

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