Common use of Permitted assignment and charges Clause in Contracts

Permitted assignment and charges. The restraints set forth in Clause 21.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of operation, management and maintenance of the Project Facility; (b) mortgages/pledges/hypothecation of goods/assets other than Project Facilities, and their related documents of title, arising or created in the ordinary course of operation, management and maintenance of the Project Facility and as security only for indebtedness to the Lenders under the Financing Documents; and (c) Liens or encumbrances required by any Applicable Law.

Permitted assignment and charges. The restraints set forth in Clause 21.1 shall not apply to: (a) liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of operation, management and maintenance of the Project Facility;Facility; (b) mortgages/pledges/hypothecation of goods/assets other than Project Facilities, and their related documents of title, arising or created in the ordinary course of operation, management and maintenance of the Project Facility and as security only for indebtedness to the Lenders under the Financing Documents; Documents; and (c) Liens or encumbrances required by any Applicable Law.