Common use of Consent to Collateral Assignment Clause in Contracts

Consent to Collateral Assignment. Seller shall have the right to assign this Agreement as collateral for financing or refinancing of the System, and Purchaser hereby consents to the collateral assignment by Seller to any Financing Party of Seller’s right, title, and interest in and to this Agreement.

Appears in 4 contracts

Sources: Solar Power Purchase Agreement, Virtual Net Metering Credit Purchase and Assignment Agreement, Solar Power Purchase Agreement

Consent to Collateral Assignment. Subject to the provisions of this Section 9.05, Seller shall have has the right to assign this Agreement as collateral for any financing or refinancing of the SystemGenerating Facility. In connection with any financing or refinancing of the Generating Facility by Seller, Buyer shall in good faith work with Seller and ▇▇▇▇▇▇ to agree upon a consent to collateral assignment of this Agreement (“Collateral Assignment Agreement”). The Collateral Assignment Agreement must be in form and substance agreed to by Buyer, Seller and Lender, and Purchaser hereby consents to must include, among others, the collateral assignment by Seller to any Financing Party of Seller’s right, title, and interest in and to this Agreement.following provisions:

Appears in 1 contract

Sources: Power Purchase and Sale Agreement

Consent to Collateral Assignment. Seller shall have the right to assign this Agreement as collateral for any financing or refinancing of the SystemGenerating Facility. In connection with any financing or refinancing of the Generating Facility by Seller, Buyer shall, at Seller’s expense, work in good faith with Seller and Purchaser hereby consents Lender to the agree upon a commercially reasonable consent to collateral assignment by Seller to any Financing Party of Seller’s right, title, and interest in and to this Agreement, provided, however that any such assignment shall not constitute a modification of this Agreement unless Buyer otherwise agrees in its sole discretion.

Appears in 1 contract

Sources: Renewable Power Purchase and Sale Agreement (Raser Technologies Inc)