Free Assumability. This agreement is free of any restrictions that would prevent the homeowner from freely transferring their home (“Property”). SolarCity will not prohibit the sale, conveyance or refinancing of the Property. SolarCity may choose to file in the real estate records a UCC-1 financing statement (“Fixture Filing”) that preserves their rights in the System. The Fixture Filing is intended only to give notice of its rights relating to the System and is not a lien or encumbrance against the Property. SolarCity shall explain the Fixture Filing to any subsequent purchasers of the Property and any related lenders as requested. SolarCity shall also accommodate reasonable requests from lenders or title companies to facilitate a purchase, financing or refinancing of the Property.
Appears in 7 contracts
Samples: Power Purchase Agreement, Lease Transfer Agreement, Power Purchase Agreement
Free Assumability. This agreement is free of any restrictions that would prevent the homeowner from freely transferring their home (“Property”). SolarCity will not prohibit the sale, conveyance or refinancing of the Property. SolarCity may choose to file in the real estate records a UCC-1 financing statement (“Fixture Filing”) that preserves their rights in the System. The Fixture Filing is intended only to give notice of its rights relating to the System and is not a lien or encumbrance against the Property. SolarCity shall explain the Fixture Filing to any subsequent purchasers of the Property and any related lenders as requested. SolarCity shall also accommodate reasonable requests from lenders or title companies to facilitate a purchasethis PPA, financing or refinancing of the Propertyincluding Monthly Payments.
Appears in 1 contract
Samples: Power Purchase Agreement
