Common use of Lender Accommodations Clause in Contracts

Lender Accommodations. Host acknowledges that Provider will be financing the acquisition and installation of the System with third-party financing arrangements or through a “sale/leaseback” or “partnership-flip” financing of the System from or to one or more financial institutions properly licensed and/or accredited if applicable and that Provider’s obligations will be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a first security interest in the System. Host shall have no obligation to grant Lender or any Provider assignee any different or greater rights in the event of an assignment by Provider than Provider would have under this Agreement. Subject to the foregoing, in the event of an assignment by Provider, the assignee or Lender shall have the same rights and obligations under this Agreement as would Provider hereunder. To facilitate such necessary financing, and with respect to any such financial institutions of which Provider has notified Host in writing (each, a “Lender”), Host agrees as follows:

Appears in 2 contracts

Sources: Solar Power and Services Agreement, Solar Power and Services Agreement

Lender Accommodations. Host acknowledges that Provider will be financing the acquisition and installation of the System with third-party financing arrangements accommodations or through a sale/leaseback” leaseback arrangement or partnership-flip” flip financing of the System from or to one or more financial institutions properly licensed and/or accredited if applicable and that Provider’s obligations will be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a first security interest in the System or sale/leaseback arrangement or partnership-flip financing of the System. Host shall have no obligation to grant Lender or any Provider assignee any different or greater rights in the event of an assignment by Provider than Provider would have under this Agreement. Subject to the foregoing, in In the event of an assignment by Provider, the assignee or Lender shall have precisely the same rights and obligations under this Agreement as would Provider hereunderProvider, the provisions of this Section 14, Exhibit A or any other provision of this Agreement to the contrary, if any, notwithstanding. To In order to facilitate such necessary financing, and with respect to any such financial institutions of which Provider has notified Host in writing (each, a “Lender”), Host agrees as follows:

Appears in 2 contracts

Sources: Solar Power & Services Agreement, Solar Power & Services Agreement

Lender Accommodations. Host acknowledges that Provider will be financing the acquisition and installation of the System with third-party financing arrangements or through a “sale/leaseback” or “partnership-flip” financing of the System from or to one or more financial institutions properly licensed and/or accredited if applicable and that Provider’s obligations will be secured by, among other collateral, a pledge or collateral assignment of this Agreement and a first security interest in the System. Host shall have no obligation to grant Lender or any Provider assignee any different or greater rights in the event of an assignment by Provider than Provider would have under this Agreement; provided that Host agrees to enter into the customary Lender accommodations set forth in Section 14.3, which is a requirement of any such financing. Subject to the foregoing, in the event of an assignment by Provider, the assignee or Lender shall have substantially the same rights and obligations under this Agreement as would Provider hereunder. To In order to facilitate such necessary financing, and with respect to any such financial institutions of which Provider has notified Host in writing (each, a “Lender”), Host agrees as follows:

Appears in 1 contract

Sources: Solar Power and Services Agreement