Common use of Assignment to Lenders Clause in Contracts

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.

Appears in 1 contract

Sources: Power Purchase Agreement (Southern Power Co)

Assignment to Lenders. Notwithstanding Section 16.115.1, Seller may, without the consent of BuyerBuyer or the GPSC, assign this Agreement to a Lender for collateral security purposes in connection with any financing or the refinancing of the Facility.

Appears in 1 contract

Sources: Power Purchase Agreement (Southern Power Co)