Common use of General Covenants Clause in Contracts

General Covenants. Each Party covenants that throughout the Delivery Term: (i) it shall continue to be duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation; (ii) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement and the Transaction; and (iii) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Law, rule, regulation, order or the like applicable to it.

Appears in 33 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

General Covenants. Each Party covenants that throughout the Delivery Term: (i) it shall continue to be duly organized, validly existing and in good standing under the Laws laws of the jurisdiction of its formation; (ii) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement and the Transaction; and; (iii) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Lawlaw, rule, regulation, order or the like applicable to it; and (iv) it shall maintain its status as a “forward contract merchant” within the meaning of the United States Bankruptcy Code (for so long as such term has the same definition as in effect as of the date of this Agreement).

Appears in 11 contracts

Sources: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

General Covenants. Each Party covenants that throughout the Delivery TermTerm as follows: (i) it shall continue to be duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation; (ii) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement and the Transaction; and (iii) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Law, rule, regulation, order or the like applicable to it.

Appears in 8 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

General Covenants. Each Party party covenants that throughout the Delivery Term: Period: (i) it shall a)it will continue to be duly organized, validly existing and in good standing under the Laws laws of the jurisdiction of its formation; ; (ii) it shall b)it will maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement Contract; and the Transaction; and (iii) it shall c)it will perform its obligations under this Agreement and the Transaction Contract in a manner that does not violate in any material way any of the terms and conditions in (i) its governing documents, (ii) any contracts to which it is a party or or, (iii) any Lawlaw, rule, regulation, order or the like applicable to it.

Appears in 2 contracts

Sources: Transaction Confirmation, Transaction Confirmation

General Covenants. Each Party covenants that throughout the Delivery Term: (ia) it shall continue to be duly organized, validly existing and in good standing under the Laws laws of the jurisdiction of its formation; (iib) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations Governmental Approvals necessary for it to legally perform its obligations under this Agreement and the Transaction; and; (iiic) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Law, rule, regulation, order or the like Law applicable to it.; and

Appears in 2 contracts

Sources: Renewable Energy Credit Purchase and Sale Agreement, Renewable Energy Credit Purchase and Sale Agreement

General Covenants. Each Party party covenants that throughout the Delivery Term: (i) Period: it shall will continue to be duly organized, validly existing and in good standing under the Laws laws of the jurisdiction of its formation; (ii) ; it shall will maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement Contract; and the Transaction; and (iii) it shall will perform its obligations under this Agreement and the Transaction Contract in a manner that does not violate in any material way any of the terms and conditions in (i) its governing documents, (ii) any contracts to which it is a party or or, (iii) any Lawlaw, rule, regulation, order or the like applicable to it.

Appears in 1 contract

Sources: Transaction Confirmation

General Covenants. Each Party covenants that throughout the Delivery Term: (ia) it shall continue to be duly organized, validly existing and in good standing under the Applicable Laws of the jurisdiction of its formation; (iib) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations Governmental Approvals necessary for it to legally perform its obligations under this Agreement and the TransactionAgreement; and (iiic) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any material contracts to which it is a party or any Law, rule, regulation, order Applicable Law or the like applicable to itGovernmental Approval.

Appears in 1 contract

Sources: Solar Power Purchase Agreement

General Covenants. Each Party covenants that that, throughout the Delivery Term: (i) it Term of this Agreement: It shall continue to be duly organized, validly existing and in good standing under the Laws laws of the jurisdiction of its formation; (ii) it ; It shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement and the TransactionAgreement; and (iii) it It shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Lawlaw, rule, regulation, order or the like applicable to it; It shall cooperate in good faith with the other party in executing the terms of the Agreement.

Appears in 1 contract

Sources: Power Purchase Agreement

General Covenants. Each Party covenants that throughout the Delivery Term:Delivery (i) it shall continue to be duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation; (ii) it shall maintain (or obtain from time to time as required, including through renewal, as applicable) all regulatory authorizations necessary for it to legally perform its obligations under this Agreement and the Transaction; and (iii) it shall perform its obligations under this Agreement and the Transaction in a manner that does not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any Law, rule, regulation, order or the like applicable to it.

Appears in 1 contract

Sources: Power Purchase Agreement