Common use of Facilities Contracts Clause in Contracts

Facilities Contracts. Seller has no Knowledge of any claim, action, proceeding or investigation, pending or threatened, challenging the enforceability against Seller of the Facilities Contracts, except for challenges to the enforceability of such contracts against the Facilities Owners in common, challenges of which Purchaser or the Operating Agent has Knowledge, or challenges which are not likely to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pinnacle West Capital Corp)

Facilities Contracts. Seller has no Knowledge of any claim, action, proceeding or investigation, pending or threatened, challenging the enforceability against Seller of the Facilities Contracts specified on SCHEDULE 4.8 "Certain Facilities Contracts, ," except for challenges to the enforceability of such contracts against the Facilities Owners in common, challenges of which Purchaser or the Operating Agent has Knowledge, or challenges which are not likely to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pinnacle West Capital Corp)

Facilities Contracts. Seller has no Knowledge of any claim, action, proceeding or investigation, pending or threatened, challenging the enforceability against Seller of the Facilities Contracts specified on SCHEDULE 4.11 "Certain Facilities Contracts, ," except for challenges to the enforceability of such contracts against the Facilities Owners or Facilities Switchyard Owners in common, challenges of which Purchaser or the Operating Agent has Knowledge, or challenges which are not likely to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pinnacle West Capital Corp)