Ownership of Projects. Any Project Company shall cease to be the sole owner of the Projects owned by it as of the Closing Date except (i) in connection with the exercise of purchase rights of the applicable Host Customers as provided in the Leases or (ii) as a result of a destruction, condemnation or taking thereof.
Appears in 1 contract
Sources: Loan Agreement (Sunpower Corp)
Ownership of Projects. Any Project Company shall cease to be the sole owner of the Projects owned by it as of the Closing Date except (i) in connection with the exercise of purchase rights of the applicable Host Customers as provided in the Leases or (ii) as a result of a destruction, condemnation or taking thereof.
Appears in 1 contract
Sources: Loan Agreement (Sunpower Corp)
Ownership of Projects. Any Project Company shall cease to be the sole owner of the Projects owned by it as of the Closing Amendment and Restatement Date except (i) in connection with the exercise of purchase rights of the applicable Host Customers as provided in the Leases or (ii) as a result of a destruction, condemnation or taking thereof.
Appears in 1 contract
Sources: Loan Agreement (Sunpower Corp)