Common use of Amendments to Contracts Clause in Contracts

Amendments to Contracts. Guarantor shall not terminate, --------------------------------- amend, replace or modify or permit to be terminated, amended, replaced or modified (other than immaterial amendments or modifications as certified by Guarantor) any of the Project Documents to which it is a party unless (a) Guarantor certifies that such termination, amendment, replacement or modification could not reasonably be expected to have a Material Adverse Effect and (b) in the case of any amendment, termination or modification of a Power Purchase Agreement which affects the revenues derived by Guarantor by more than Five Million Dollars ($5,000,000) or Ten Million Dollars ($10,000,000) when aggregated with all previous amendments or modifications by Guarantor hereunder or by the other Guarantors, Guarantor provides a letter from each of the Rating Agencies confirming that such amendment, termination or modification will not result in a Rating Downgrade after giving effect to any mandatory redemption of Senior Secured Notes required to be made in connection with any such amendment, modification or termination pursuant to a Permitted Power Contract Buy-Out.

Appears in 1 contract

Sources: Credit Agreement (Coso Power Developers)

Amendments to Contracts. Guarantor shall not terminate, --------------------------------- terminate ----------------------- amend, replace or modify or permit to be terminated, amended, replaced or modified (other than immaterial amendments or modifications as certified by Guarantor) any of the Project Documents to which it is a party unless (a) Guarantor certifies that such termination, amendment, replacement or modification could not reasonably be expected to have a Material Adverse Effect and (b) in the case of any amendment, termination or modification of a Power Purchase Agreement which affects the revenues derived by Guarantor by more than Five Million Dollars ($5,000,000) or Ten Million Dollars ($10,000,000) when aggregated with all previous amendments or modifications by Guarantor hereunder or by the other Guarantors, Guarantor provides a letter from each of the Rating Agencies confirming that such amendment, termination or modification will not result in a Rating Downgrade after giving effect to any mandatory redemption of Senior Secured Notes required to be made in connection with any such amendment, modification or termination pursuant to a Permitted Power Contract Buy-Out.

Appears in 1 contract

Sources: Credit Agreement (Coso Power Developers)

Amendments to Contracts. Guarantor shall not terminate, --------------------------------- ----------------------- amend, replace or modify or permit to be terminated, amended, replaced or modified (other than immaterial amendments or modifications as certified by Guarantor) any of the Project Documents to which it is a party unless (a) Guarantor certifies that such termination, amendment, replacement or modification could not reasonably be expected to have a Material Adverse Effect and (b) in the case of any amendment, termination or modification of a Power Purchase Agreement which affects the revenues derived by Guarantor by more than Five Million Dollars ($5,000,000) or Ten Million Dollars ($10,000,000) when aggregated with all previous amendments or modifications by Guarantor hereunder or by the other Guarantors, Guarantor provides a letter from each of the Rating Agencies confirming that such amendment, termination or modification will not result in a Rating Downgrade after giving effect to any mandatory redemption of Senior Secured Notes required to be made in connection with any such amendment, modification or termination pursuant to a Permitted Power Contract Buy-Out.

Appears in 1 contract

Sources: Credit Agreement (Coso Power Developers)