Transfer of Control or Sale of Generation Facilities Clause Samples
The 'Transfer of Control or Sale of Generation Facilities' clause governs the process and conditions under which ownership or operational control of power generation assets may be transferred or sold. Typically, this clause requires the party intending to transfer or sell such facilities to provide advance notice to the other party, and may require obtaining consent or meeting specific regulatory or contractual requirements. Its core function is to ensure transparency and protect the interests of all parties by preventing unauthorized or unexpected changes in ownership or control, thereby maintaining stability and compliance within the contractual relationship.
Transfer of Control or Sale of Generation Facilities. In any sale or transfer of control of any generation facilities subject to this Agreement, the Generator shall as a condition of such sale or transfer require the acquiring party or transferee with respect to the transferred facilities either to assume the obligations of the Generator with respect to this Agreement or to enter into an agreement with the Control Area Operator in substantially the form of this Agreement.
Transfer of Control or Sale of Generation Facilities. In any sale or transfer of control of any generation facilities subject to this Agreement, Seller shall, as a condition of such sale or transfer, require the acquiring party or transferee with respect to the transferred facilities either to assume the obligations of the Seller with respect to this Agreement or to enter into an agreement with Idaho Power imposing on the acquiring party or transferee the same obligations applicable to the Seller pursuant to this Article 15.
Transfer of Control or Sale of Generation Facilities. In any sale or transfer of control of any generation facilities owned or controlled by User for any Intertie Transactions subject to this User Agreement, User shall as a condition of such sale or transfer require the acquiring party or transferee, with respect to the transferred facilities, either to assume the obligations of the User with respect to this User Agreement or to enter into an agreement with the IMC imposing on the acquiring party or transferee the same obligations applicable to User pursuant to this User Agreement.
Transfer of Control or Sale of Generation Facilities. In any sale or transfer of control of any generation facilities subject to this Agreement, Interconnection Customer shall as a condition of such sale or transfer require the acquiring party or transferee with respect to the transferred facilities either to assume the obligations of Interconnection Customer with respect to this Agreement or to enter into an agreement with Transmission Provider imposing on the acquiring party or transferee the same obligations applicable to Interconnection Customer pursuant to this Appendix G.
Transfer of Control or Sale of Generation Facilities. In any sale or transfer of control of any generation facilities subject to this Agreement, Applicant shall as a condition of such sale or transfer require the acquiring party or transferee with respect to the transferred facilities either to assume the obligations of the Applicant with respect to this Appendix G or to enter into an agreement with PG&E imposing on the acquiring party or transferee the same obligations applicable to Applicant pursuant to this Appendix G.