Financing During Term. Lessee hereby expressly consents to the Lien imposed in favor of the Indebtedness pursuant to the Debt Documents and such Indebtedness as in effect on the date hereof. With respect to any refinancing of the initial Indebtedness or additional financing during the Base Term and during any Renewal Term, Lessor shall be free to encumber the Property, provided that under no circumstances shall any such financing adversely affect the rights and privileges of Lessee under this Lease, or any sub-tenants under any Existing Subleases, or increase the nature, scope or amount of any obligations or liabilities (including any contingent liabilities) of Lessee in excess of those existing prior to any such further encumbrances by Lessor, in each case, other than to a de minimus extent. Lessee and its Affiliates will have no obligation to amend this Lease or any other Operative Documents to facilitate such financing (except, subject to the proviso in the immediately preceding sentence, to amend the definitions of “Debt Documents”, “Holders”, “Indebtedness”, “
Appears in 2 contracts
Sources: Lease Agreement (Vistra Energy Corp), Lease Agreement (Vistra Energy Corp)
Financing During Term. Lessee hereby expressly consents to the Lien imposed in favor of the Indebtedness pursuant to the Debt Documents and such Indebtedness as in effect on the date hereof. With respect to any refinancing of the initial Indebtedness or additional financing during the Base Term and during any Renewal Term, Lessor shall be free to encumber the Property, provided that under no circumstances shall any such financing adversely affect the rights and privileges of Lessee under this Lease, or any sub-tenants under any Existing Subleases, or increase the nature, scope or amount of any obligations or liabilities (including any contingent liabilities) of Lessee in excess of those existing prior to any such further encumbrances by Lessor, in each case, other than to a de minimus extent. Lessee and its Affiliates will have no obligation to amend this Lease or any other Operative Documents to facilitate such financing (except, subject to the proviso in the immediately preceding sentence, to amend the definitions of “Debt Documents”, “Holders”, “Indebtedness”, “"
Appears in 1 contract
Sources: Lease Agreement (Txu Corp /Tx/)