Assignments by Seller Clause Samples
The "Assignments by Seller" clause defines the conditions under which the seller may transfer its rights or obligations under the agreement to another party. Typically, this clause restricts the seller from assigning the contract without the prior written consent of the buyer, ensuring that the buyer maintains control over who performs the seller's duties or receives the seller's benefits. By setting these parameters, the clause helps prevent unwanted third parties from becoming involved in the transaction, thereby protecting the buyer's interests and ensuring contractual stability.
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Assignments by Seller. Seller may pledge or assign the Facility, this Agreement or the revenues under this Agreement to any Lender as security for the project financing or tax equity financing of the Facility; provided, however, that the Facility shall remain at all times located at the original site.
Assignments by Seller. The Seller may at any time sell, assign, novate or transfer its rights and obligations under this Agreement to any person, provided such sale, assignment or transfer be notified to Buyer and shall not have a material adverse effect on any of Buyer’s rights and obligations under this Agreement.
Assignments by Seller. 11.3.1. Seller may make a request to Buyer for the transfer or assignment of Seller’s rights and obligations under the Agreement to the “Transferee”. Such request must name the Transferee, provide the relationship between Seller and Transferee (if any), and must provide all necessary documentation to show that Transferee meets all conditions specific to a Seller under this Agreement. Buyer may request additional information from Seller and ▇▇▇▇▇ will have thirty (30) calendar days to provide consent or to notify Seller that ▇▇▇▇▇ rejects the assignment or transfer.
11.3.2. In its notice to Buyer, Seller may state that the assignment or transfer is for purposes of pledging or assigning this Agreement or the revenues under this Agreement to a lender as security for the project financing or tax equity financing of the System. In such cases, Buyer will have ten (10) calendar days to provide consent and such consent shall not be unreasonably withheld.
11.3.3. Seller will be required to effect any necessary assignment or transfer in the event of bankruptcy or dissolution.
Assignments by Seller. Notwithstanding any provision of this Agreement to the contrary, Seller may assign or transfer its rights under this Agreement to a qualified intermediary as may be required for an Exchange under Section 14.25 hereof, without Purchaser’s prior written consent, provided that Seller shall not be relieved of any obligations or liabilities under this Agreement as a result of such transfer.
Assignments by Seller. Buyer hereby acknowledges that Seller shall have the right, without Buyer’s consent, to create a security interest or hypothec with respect to this Agreement or to assign or transfer this Agreement or any of its rights under this Agreement to any financial institution or to a wholly owned subsidiary or affiliate of Seller; provided, that Seller’s assignment to a financial institution or creation of a security interest or hypothec shall be solely for the purpose of securing financing, Seller shall remain jointly and severally liable for the fulfillment of all of the obligations under this Agreement; and provided further that any such assignment or creation of a security interest or hypothec shall not increase Buyer’s obligations or liabilities under this Agreement.
Assignments by Seller. Seller may make a request to Buyer for the transfer or assignment of Seller’s rights and obligations under the Agreement to the “Transferee”. Such request may be made no earlier than thirty (30) calendar days after the Effective Date of the Agreement. Such request must name the Transferee, provide the relationship between Seller and Transferee (if any), and must provide all necessary documentation to show that Transferee meets all conditions specific to a Seller under this Agreement. Necessary documentation may also include an updated Cover Sheet and updated Appendix 1.1-Appendix 1.5, if applicable. Buyer may request additional information from Seller, and Buyer will have thirty (30) calendar days to provide consent or to notify Seller that Buyer rejects the assignment or transfer. In its notice to Buyer, Seller may state that the assignment or transfer is for purposes of pledging or assigning the revenues under this Agreement to a lender or other financing party as security for the project financing or tax equity financing of the System, or to an affiliate of Seller. In such cases, consent shall be deemed automatic if Seller remains the counterparty to the Agreement. Seller will be required to effect any necessary assignment or transfer in the event of bankruptcy or dissolution.
Assignments by Seller. 11.3.1. Seller may make a request to Buyer for the transfer or assignment of Seller’s rights and obligations under the Agreement to the “Transferee”. Such request must name the Transferee, provide the relationship between Seller and Transferee (if any), and must provide all necessary documentation to show that Transferee meets all conditions specific to a Seller under this Agreement. Buyer may request additional information from Seller and ▇▇▇▇▇ will have thirty (30) calendar days to provide consent or to notify Seller that ▇▇▇▇▇ rejects the assignment or transfer.
11.3.2. InNotwithstanding the provisions of 11.3.1 above, in its notice to Buyer, Seller may state that the assignment or transfer is for purposes of pledging or assigning this Agreement or the revenues under this Agreement to a lender as security for the project financing or tax equity financing of the System. In such cases, Buyer will have ten (10) calendar days to provide consent and such consent shall not be unreasonably withheld [DELETE] Seller’s consent shall not be required.
11.3.3. Seller will be required to effect any necessary assignment or transfer in the event of bankruptcy or dissolution.
Assignments by Seller. Seller shall not assign any of the Sublicense Agreement or the Upstream Agreement, in each case in whole or in part, without the prior written consent of Purchaser (such consent not to be unreasonably withheld or delayed); provided that no such consent shall be required in connection with any assignment to an Affiliate or any third party simultaneously with the assignment of this Agreement to such Affiliate or third party in accordance with Section 8.04(b), in which case Seller shall remain responsible for the performance of this Agreement by such Affiliate or third party; provided further that Seller shall be responsible for the failure of any such assignee to comply with the terms and conditions of the Sublicense Agreement or the Upstream Agreement, as applicable. Notwithstanding the immediately preceding sentence, prior written consent of Purchaser shall not be required for any assignment, sale or transfer (in whole or in part) of Seller’s right, title and interest solely in and to the Retained Payments or the delegation of any of Seller’s duties solely with respect to the Retained Payments.
Assignments by Seller. The SELLER expressly reserves the right to assign this Contract and all rights or obligations arising by virtue hereof to any third person without requiring the consent of the BUYER who shall be notified of the assignment.
Assignments by Seller. The Seller may at any time, with the prior written consent of the Buyer, which shall not be unreasonably withheld, sell, assign, novate or transfer its rights and obligations under this Agreement to any person, provided such sale, assignment or transfer be notified to Buyer and shall not have a material adverse effect on any of Buyer's rights and obligations under this Agreement.