Common use of Financing Assignment Clause in Contracts

Financing Assignment. Notwithstanding the requirements of Section 15.1, Seller may assign this BESSA, without the prior consent of PSE to a financing entity for collateral purposes in connection with any financing or refinancing of the Facility; provided, however, that any such collateral assignment will not release or discharge Seller from any of its obligations or liabilities under this BESSA and will not place any limitation on or otherwise affect PSE’s rights and remedies under this BESSA or expand the liabilities, risks or obligations imposed on PSE under this BESSA.