Common use of Assignment for Financing Clause in Contracts

Assignment for Financing. Each Company may, for purposes of securing financing from the Financing Parties, without the requirement of consent from RES but upon prior notice to RES, collaterally assign or create security over all of its assets, including its rights and interests under or pursuant to this Agreement, as security for that Company's obligations to the Financing Parties.

Appears in 1 contract

Sources: Procurement and Marketing Agreement (Reliant Energy Mid Atlantic Power Services Inc)

Assignment for Financing. Each Company may, for purposes of securing financing from the Financing Parties, Parties and without the requirement of consent from RES REPG but upon prior notice to RESREPG, collaterally assign or create security over all of its assets, including its rights and interests under or pursuant to this Agreement, as security for that Company's obligations to the Financing Parties.

Appears in 1 contract

Sources: Support Services Agreement (Reliant Energy Mid Atlantic Power Services Inc)