Ownership of the Project. The Borrower shall cease to be the sole owner of the Projects (other than in connection with the (i) repurchase of any System by a Sponsor in accordance with the PUMA and/or (ii) sale of any System to an Offtaker under any of the ESAs), and/or (iii) transfer (following payment by an Offtaker of the applicable Termination Value and application of such proceeds pursuant to Section 2.13(b)(iii)) of any System to the Pledgor, and/or (iv) any other disposition of a Project that is permitted or contemplated hereunder. [***] Confidential Treatment Requested
Appears in 2 contracts
Sources: Credit Agreement (Bloom Energy Corp), Credit Agreement (Bloom Energy Corp)
Ownership of the Project. The Borrower shall cease to be the sole owner of the Projects (other than in connection with the (i) repurchase of any System by a Sponsor in accordance with the PUMA and/or (ii) sale of any System to an Offtaker under any of the ESAs), and/or (iii) transfer (following payment by an Offtaker of the applicable Termination Value and application of such proceeds pursuant to Section 2.13(b)(iii)) of any System to the Pledgor, and/or (iv) any other disposition of a Project that is permitted or contemplated hereunder. [***] Confidential Treatment Requested.
Appears in 1 contract
Sources: Credit Agreement (Bloom Energy Corp)