Common use of Financing Accommodations Clause in Contracts

Financing Accommodations. Utility acknowledges that upon Owner's financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility agrees as follows:

Financing Accommodations. Utility Utilities acknowledges that upon Owner's ’s financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's ’s obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility Utilities agrees as follows:

Financing Accommodations. Utility Utilities acknowledges that upon Owner's ’s financing the acquisition and installation of the System or mortgaging the Site with a Financial Institution, that Owner's ’s obligations under the financing may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a transfer of an ownership interest in the System (subject to a leaseback from the Financial Institution). In order to facilitate such necessary financing, Utility Utilities agrees as follows: