Common use of Assignment by Host Customer Clause in Contracts

Assignment by Host Customer. Host Customer shall not assign this Agreement or delegate Host Customer’s duties and obligations hereunder without the consent of System Owner, which consent not to be unreasonably withheld. Without limiting the generality of the foregoing, in connection with any conveyance by Host Customer of fee title to the Premises, Host Customer may (a) upon demonstrating to the satisfaction of System Owner the financial ability of such fee purchaser to satisfy the Output purchase obligations set forth in Article 4, assign this Agreement to the fee purchaser of the Premises, pursuant to an assignment and assumption agreement reasonably acceptable to System Owner; (b) pay the applicable Early Termination Fee described on Exhibit C; or (c) if such sale and conveyance occurs after the sixth (6th) anniversary of the Commercial Operations Date, purchase the System pursuant to Article 15.

Appears in 3 contracts

Sources: Solar Energy Power Purchase and Sale Agreement, Solar Power Purchase Agreement, Purchase Agreement