Common use of Assignments by Seller to Project Lenders Clause in Contracts

Assignments by Seller to Project Lenders. Seller shall have the right to assign this Agreement as security to any Project Lender, and Department agrees to provide a consent not to be unreasonably withheld to any such Project Lender in the form of consent provided in Appendix G; provided, however, that no such assignment shall be effective for purposes of this Section 12.10(b) until Seller shall have provided written notice to Department of such assignment, which notice shall include the name and address of such Project Lender. So long as an assignment pursuant to this Section 12.10(b) remains in effect, Department shall, upon serving notice to Seller pursuant to Section 12.17, also serve a copy of such notice upon the specified Project Lender at the address provided by Seller in its notice of assignment to such Project Lender.

Appears in 7 contracts

Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.