Common use of Financing Assignment Clause in Contracts

Financing Assignment. Generator, without GPC’s consent, may assign this QFIA to a financing entity for collateral purposes in connection with Facility financing, so long as the collateral assignment does not: (i) limit GPC’s rights under this QFIA; (ii) expand the liability, risks, or obligations imposed on GPC under this QFIA; (iii) release or discharge Generator from any QFIA obligation or liability; or (iv) require substitution or amendment of payment security.

Appears in 2 contracts

Sources: Distribution Agreement, Transmission Qualifying Facility Interconnection Agreement