Examples of Financing Party in a sentence
Tenant or Financing Party shall be the legal and beneficial owner of the Facility (including without limitation, all additions, alterations, and modifications thereto or replacements thereof, all appurtenant fixtures, machinery and equipment installed therein), all electrical output from the Facility, Environmental Attributes and Incentives, at all times.
The Financing Party shall have the right, but not the obligation, to pay all sums due under this Agreement and to perform any other act, duty or obligation required of Tenant hereunder or cause to be cured any default of Tenant hereunder in the time and manner provided by the terms of this Agreement.
Town hereby consents to both the sale of the Facility to a Financing Party and the collateral assignment to the Financing Party of the Tenant’s right, title and interest in and to this Agreement provided that the Financing Party has delivered reasonable proof to the Purchaser that it or its designee, if any, has owned or operated (either directly or pursuant to a contract with a qualified operator) a System.] [Rights of Financing Party.
Upon the exercise of remedies, including any sale of the Facility by the Financing Party, whether by judicial proceeding or under any power of sale contained therein, or any conveyance from Tenant to the Financing Party (or any assignee of the Financing Party as defined below) in lieu thereof, the Financing Party shall give written notice to Town of the transferee or assignee of this Agreement.
A Financing Party may assign any of its rights and obligations under this Agreement in connection with the Instruments.