Common use of Assignments by Seller Clause in Contracts

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 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. 11.3.2. 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. 11.3.3. Seller will be required to effect any necessary assignment or transfer in the event of bankruptcy or dissolution.