Financing Party Accommodations Sample Clauses
The "Financing Party Accommodations" clause outlines specific provisions or adjustments made in a contract to address the requirements or concerns of a party providing financing, such as a lender or investor. This clause may include obligations for the borrower to provide certain documents, notices, or consents to the financing party, or to modify the agreement in ways that facilitate the financing arrangement. Its core practical function is to ensure that the interests of the financing party are protected and that the transaction can proceed smoothly by accommodating the needs of those providing financial support.
Financing Party Accommodations. In connection with any financing arrangement entered into by Interconnection Customer as contemplated by this Article 19, Transmission Provider shall execute and deliver a customary consent to collateral assignment for the benefit of any secured creditor, trustee or mortgagee in substantially the form attached hereto as Appendix H. Transmission Provider agrees to work with Interconnection Customer in good faith to facilitate Interconnection Customer’s financing obligations.
Financing Party Accommodations