Common use of Change of Control of Buyer Clause in Contracts

Change of Control of Buyer. Buyer may assign its interests in this Agreement to an affiliate of the Buyer or to any entity which has acquired all or substantially all of Buyer’s assets or business, whether by merger, acquisition or otherwise without the Seller’s prior written consent. The entity to which Buyer wishes to assign its interests must assume in writing all of the Buyer’s obligations and liabilities under this Agreement in writing prior to such assignment purporting to become effective, and such entity must have the financial capability to perform all of the Buyer’s obligations under this Agreement.

Appears in 1 contract

Sources: Solar Facility License Agreement

Change of Control of Buyer. Buyer may assign its interests in this Agreement to an affiliate Affiliate of the Buyer or to any entity which that has acquired all or substantially all of Buyer’s assets or business, whether by merger, acquisition or otherwise without the Seller’s prior written consent. The entity to which Buyer wishes to assign its interests must assume in writing all of the Buyer’s obligations and liabilities under this Agreement in writing prior to such assignment purporting to become effective, and such entity must have the financial capability to perform all of the Buyer’s obligations under this Agreement....

Appears in 1 contract

Sources: Power Purchase and Sale Agreement