Assignment to Lenders Sample Clauses
The "Assignment to Lenders" clause allows a party, typically a borrower, to transfer its rights or obligations under an agreement to one or more lenders. In practice, this means that if the borrower secures financing, it can assign its contractual interests—such as payment rights or receivables—to the lender as collateral or security for the loan. This clause is essential for facilitating financing arrangements, as it provides lenders with assurance that they can step into the borrower’s position if necessary, thereby reducing their risk and making it easier for the borrower to obtain funding.
POPULAR SAMPLE Copied 1 times
Assignment to Lenders. Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Service Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Service Agreement. If Interconnection Customer provides the Interconnected Transmission Owner with notice of an assignment to any Project Finance Entity(ies) and identifies such Project Finance Entities as contacts for notice purposes pursuant to Section 21 of this Appendix 2, the Transmission Provider or Interconnected Transmission Owner shall provide notice and reasonable opportunity for such entity(ies) to cure any Breach under this Interconnection Service Agreement in accordance with this Interconnection Service Agreement. Transmission Provider
Assignment to Lenders. Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Service Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Interconnection Customer’s duties and obligations under this Interconnection Service Agreement. If Interconnection Customer provides the Interconnected Transmission Owner with notice of an assignment to any Project Finance Entity(ies) and identifies such Project Finance Entities as contacts for notice purposes pursuant to Section 21 of this Appendix 2, the Transmission Provider or Interconnected Transmission Owner shall provide notice and reasonable opportunity for such entity(ies) to cure any Breach under this Interconnection Service Agreement in accordance with this Interconnection Service Agreement. Transmission Provider or Interconnected Transmission Owner shall, if requested by such lenders, provide such customary and reasonable documents, including consents to assignment, as may be reasonably requested with respect to the assignment and status of the Interconnection Service Agreement, provided that such documents do not alter or diminish the rights of the Transmission Provider or Interconnected Transmission Owner under this Interconnection Service Agreement, except with respect to providing notice of Breach to a Project Finance Entity. Upon presentation of the Transmission Provider and/or the Interconnected Transmission Owner’s invoice therefor, Interconnection Customer shall pay the Transmission Provider and/or the Interconnected Transmission Owner’s reasonable documented cost of providing such documents and certificates. Any assignment described herein shall not relieve or discharge the Interconnection Customer from any of its obligations hereunder absent the written consent of the Interconnected Transmission Owner and Transmission Provider.
Assignment to Lenders. If the Interconnection Agreement between the Wholesale Market Participant and the Transmission Owner, as referenced in section 3.1.4 herein, provides that such Interconnection Agreement may be assigned to any Project Finance Entity(ies), and such Interconnection Agreement was assigned, then the Wholesale Market Participant may, without consent of the Transmission Provider or the Transmission Owner, assign this WMPA to such Project Finance Entity(ies), provided that such assignment does not alter or diminish Wholesale Market Participant’s duties and obligations under this WMPA. If Wholesale Market Participant provides the Transmission Owner and Transmission Provider with notice of an assignment to such Project Finance Entity(ies) and identifies such Project Finance Entity(ies) as a contact for notice of Breach pursuant to section 1.1 herein, the Transmission Provider or Transmission Owner shall provide notice and reasonable opportunity for such Project Finance Entity(ies) to cure any Breach under this WMPA in accordance with this WMPA. Transmission Provider or Transmission Owner shall, if requested by such Project Finance Entity(ies), provide such customary and reasonable documents, including consents to assignment, as may be reasonably requested with respect to the assignment and status of this WMPA, provided that such documents do not alter or diminish the rights of the Transmission Provider or Transmission Owner under this WMPA, except with respect to providing notice of Breach pursuant to section 1.1 of this WMPA, to such Project Finance Entity(ies). Upon presentation of the Transmission Provider and/or Transmission Owner’s invoice therefor, Wholesale Market Participant shall pay the Transmission Provider and/or the Transmission Owner’s reasonable documented cost of providing such documents and certificates as requested by such Project Finance Entity(ies). Any assignment described herein shall not relieve or discharge the Wholesale Market Participant from any of its obligations hereunder absent the written consent of the Transmission Owner and Transmission Provider.
Assignment to Lenders. Seller shall have the right to assign all or a portion of its rights or obligations under this Agreement to any lender providing financing for Seller's acquisition of the Facility as collateral security for obligations under the financing documents entered into with such lenders provided that: (a) Seller first provides Buyer with written notice of not less than sixty (60) days of such collateral assignment; and (b) Buyer consents to the form of collateral assignment and related documentation.
Assignment to Lenders. 15.2.1 Notwithstanding Section 15.1, Georgia Power may, without the consent of LEM, assign this Agreement to a lender for collateral security purposes in connection with the financing or refinancing of the Units.
15.2.2 In order to facilitate the obtaining of financing of the Units, LEM shall execute such consents, agreements or similar documents with respect to a collateral assignment hereof to a lender as lender may reasonably request in connection with the documentation of the financing or refinancing for the Units, provided, that any such consents, agreements or similar documents will be on terms and conditions acceptable to LEM.
Assignment to Lenders. 52 ARTICLE 16
Assignment to Lenders. Notwithstanding Section 16.1, Seller may, without the consent of Buyer, assign this Agreement to a Lender for collateral security purposes in connection with any financing or the refinancing of the Facility.
Assignment to Lenders. If the Interconnection Agreement between the Wholesale Market Participant and the Transmission Owner, as referenced in section 3.1.4 herein, provides that such Interconnection Agreement may be assigned to any Project Finance Entity(ies), and such Interconnection Agreement was assigned, then the Wholesale Market Participant may, without consent of the Transmission Provider or the Transmission Owner, assign this WMPA to such Project Finance Entity(ies), provided that such assignment does not alter or diminish Wholesale Market Participant’s duties and obligations under this WMPA. If Wholesale Market Participant provides the Transmission Owner and Transmission Provider with notice of an assignment to such Project Finance Entity(ies) and identifies such Project Finance Entity(ies) as a contact for notice of Breach consistent with section 15.3 of Attachment O, Appendix 2 in Part VI of the Tariff, the
Assignment to Lenders. 16.2.1 Notwithstanding Section 16.1, Georgia Power may, without the consent of Dynegy, assign this Agreement to a lender for collateral security purposes in connection with the financing or refinancing of the Units. Upon any such assignment however, Georgia Power shall provide notice to Dynegy of the lender assignee, together with appropriate contact information with respect to a business representative of such assignee.
16.2.2 Georgia Power has represented to Dynegy that Georgia Power may procure permanent and/or construction financing for the purchase and installation of the Units. In order to facilitate the obtaining of financing of the Units, Dynegy shall execute such consents, agreements or similar documents with respect to a collateral assignment of this Agreement to a lender as lender may reasonably request in connection with the documentation of the financing or refinancing for the Units, provided, that any such consents, agreements or similar documents will be on terms and conditions acceptable to Dynegy. Under no circumstances in connection with the foregoing, shall Dynegy be required to deliver consents, agreements or similar documents that would have the effect of enhancing the overall liability or obligations of Dynegy under this Agreement or that would in any way dilute the benefits accruing to Dynegy under this Agreement if such consents, agreements or similar documents had not been required.
Assignment to Lenders. Interconnection Customer may, without the consent of the Transmission Provider or the Interconnected Transmission Owner, assign the Interconnection Service Agreement to any Project Finance Entity(ies), provided that such assignment does not alter or diminish Interconnection Customer's duties and obligations under this