Common use of Assignment as Security Clause in Contracts

Assignment as Security. Notwithstanding the provisions of Section 17.4(a) above, for the purpose of a Project Financing, Owner may assign to, or otherwise create a security interest in favor of, Lenders or their designee, or any other Person providing Project Financing, in Owner’s rights and interests in, under or pursuant to this Agreement and the revenues deriving from any of the rights or assets of Owner hereunder. Energy Manager further agrees to reasonably cooperate with Owner and the parties providing Project Financing by entering into consent agreements with the Lenders.