Common use of Financing Accommodations Clause in Contracts

Financing Accommodations. Buyer acknowledges that Seller may enter into financing agreements in connection with the Project with Financing Parties and that Seller’s obligations under such financing agreement may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and/or a grant of a security interest and/or a transfer of an ownership interest in the Project. In order to facilitate ▇▇▇▇▇▇’s ability to obtain financing for the Project, ▇▇▇▇▇ agrees as follows:

Appears in 4 contracts

Sources: Power Purchase Agreement, Energy Storage Agreement, Energy Storage Agreement

Financing Accommodations. Buyer acknowledges that Seller may enter into financing agreements in connection with the Project Unit with Financing Parties an entity that Seller specifies to Buyer in writing (the “Financier”) and that Seller’s obligations under such financing agreement may be secured by, among other collateral, a pledge or collateral assignment of this Agreement and/or a grant of a security interest and/or a transfer of an ownership interest in the ProjectUnit. In order to facilitate ▇▇▇▇▇▇’s ability to obtain financing for the Projectfinancing, ▇▇▇▇▇ agrees as follows:

Appears in 1 contract

Sources: Lease Agreement