Effectiveness of Transfer. The transfer of the Assigned Property shall become effective without further action upon the execution and delivery by the Owner Participant to the Lessee of this Xxxx of Sale and Assignment and the furnishing of a counterpart of this Xxxx of Sale and Assignment to the Owner Trustee.
Appears in 2 contracts
Samples: Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico)
Effectiveness of Transfer. The transfer of the Assigned Property shall become effective without further action upon the execution and delivery by the Owner Participant participant to the Lessee of this Xxxx of Sale and Assignment and the furnishing of a counterpart of this Xxxx of Sale and Assignment to the Owner Trustee.
Appears in 2 contracts
Samples: Participation Agreement (Public Service Co of New Mexico), Participation Agreement (Public Service Co of New Mexico)
