Sale of Project. If prior to the expiry of the Warranty Period (or any extension thereof) Company elects to convey or otherwise transfer its right, title and interest in and to the Project or in and to the owner of the Project, Company shall provide written notice of such intent to Contractor. Transfer to any third party shall not relieve Company of any obligation hereunder, whether such obligation arises prior to or after the transfer.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Contract (Us Geothermal Inc), Engineering, Procurement and Construction Contract (Us Geothermal Inc)
Sale of Project. If prior to during the expiry of ___ (___) year period commencing on the Warranty Period (or any extension thereof) Effective Date, Company elects to convey or otherwise transfer its right, title and interest in and to the Project or in and to the owner of the Project, Company shall provide written notice of such intent to Contractor. Transfer to any third party shall not relieve Company of any payment obligation hereunder, whether such obligation arises prior to or after the transfer.
Appears in 1 contract
Sources: Binding Letter of Intent for Bridge Financing and Epc Agreement (Us Geothermal Inc)