Common use of OWNER LESSOR LIENS Clause in Contracts

OWNER LESSOR LIENS. The OM Company, the Owner Manager and the Owner Lessor each covenants severally and as to itself only that it will not directly or indirectly create, incur, assume or suffer to exist any Lien, attributable to it and unrelated to the transactions contemplated hereby, on the Lessor Estate arising as a result of (i) Claims against or any act or omission of the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, that is not related to, or is in violation of, any Operative Document or the transactions contemplated thereby or any breach of any covenant or agreement of the Owner Lessor or the OM Company or the Owner Manager set forth therein; (ii) Taxes against the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, for which it is not indemnified by the Facility Lessee (or, in the case of the OM Company, the Owner Lessor) pursuant to the Operative Documents; or (iii) Claims against or affecting the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, arising out of the voluntary or involuntary transfer by the Owner Lessor or the OM Company or the Owner Manager (other than transfers requested by the Facility Lessee or required by the Operative Documents or during the continuance of a Lease Event of Default) of any portion of the interest of the Owner Lessor in the Facility ("OWNER LESSOR LIENS" and, together with Owner Participant Liens, "LESSOR LIENS"). The OM Company, the Owner Manager or the Owner Lessor will promptly notify Xxxxx City, the Owner Participant and the Lease Indenture Trustee of the imposition of any Owner Lessor Lien of which it has knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Lessor Lien attributable to it.

Appears in 4 contracts

Samples: Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp)

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OWNER LESSOR LIENS. (a) The OM Trust Company, the Owner Manager and the Owner Lessor each covenants severally and as to itself only that it will not directly or indirectly create, incur, assume or suffer to exist any Lien, attributable to it and unrelated to the transactions contemplated hereby, on the Lessor Estate arising as a result of (i) Claims against or any act or omission of the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, that is not related to, or is in violation of, any Operative Document or the transactions contemplated thereby or any breach of any covenant or agreement of the Owner Lessor or the OM Trust Company or the Owner Manager set forth therein; (ii) Taxes against the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, for which it is not indemnified by the Facility Lessee SEMA (or, in the case of the OM Trust Company, the Owner Lessor) pursuant to the Operative Documents; or (iii) Claims against or affecting the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, arising out of the voluntary or involuntary transfer by the Owner Lessor or the OM Trust Company or the Owner Manager (other than transfers requested by the Facility Lessee SEMA or required by the Operative Documents or during the XXXXXXXXX PARTICIPATION AGREEMENT (L1) -------------------------------------- continuance of a Lease Event of Default) of any portion of the interest of the Owner Lessor in the Facility ("OWNER LESSOR LIENSOwner Lessor Liens" and, together with Owner ------------------ Participant Liens, "LESSOR LIENSLessor Liens"). The OM Company, the Owner Manager or the Owner Lessor will promptly notify Xxxxx City, the Owner Participant and the Lease Indenture Trustee of the imposition of any Owner Lessor Lien of which it has knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Lessor Lien attributable to it.------------

Appears in 1 contract

Samples: Dickerson Participation Agreement (Mirant Mid Atlantic LLC)

OWNER LESSOR LIENS. The OM Company, the Owner Manager and the Owner Lessor each covenants severally and as to itself only that it will not directly or indirectly create, incur, assume or suffer to exist any Lien, attributable to it and unrelated to the transactions contemplated hereby, on the Lessor Estate arising as a result of (i) Claims against or any act or omission of the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, that is not related to, or is in violation of, any Operative Document or the transactions contemplated thereby or any breach of any covenant or agreement of the Owner Lessor or the OM Company or the Owner Manager set forth therein; (ii) Taxes against the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, for which it is not indemnified by the Facility Lessee (or, in the case of the OM Company, the Owner Lessor) pursuant to the Operative Documents; or (iii) Claims against or affecting the Owner Lessor or the OM Company or the Owner Manager, or any Affiliate thereof, arising out of the voluntary or involuntary transfer by the Owner Lessor or the OM Company or the Owner Manager (other than transfers requested by the Facility Lessee or required by the Operative Documents or during the continuance of a Lease Event of Default) of any portion of the interest of the Owner Lessor in the Facility ("OWNER LESSOR LIENSOwner Lessor Liens" and, together with Owner Participant Liens, "LESSOR LIENSLessor Liens"). The OM Company, the Owner Manager or the Owner Lessor will promptly notify Xxxxx City, the Owner Participant and the Lease Indenture Trustee of the imposition of any Owner Lessor Lien of which it has knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Lessor Lien attributable to it.

Appears in 1 contract

Samples: Participation Agreement (Eme Homer City Generation Lp)

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OWNER LESSOR LIENS. (a) The OM Trust Company, the Owner Manager and the Owner Lessor each covenants severally and as to itself only that it will not directly or indirectly create, incur, assume or suffer to exist any Lien, attributable to it and unrelated to the transactions contemplated hereby, on the Lessor Estate arising as a result of (i) Claims against or any act or omission of the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, that is not related to, or is in violation of, any Operative Document or the transactions contemplated thereby or any breach of any covenant or agreement of the Owner Lessor or the OM Trust Company or the Owner Manager set forth therein; (ii) Taxes against the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, for which it is not indemnified by the Facility Lessee SEMA (or, in the case of the OM Trust Company, the Owner Lessor) pursuant to the Operative Documents; or (iii) Claims against or affecting the Owner Lessor or the OM Trust Company or the Owner Manager, or any Affiliate thereof, arising out of the voluntary or involuntary transfer by the Owner Lessor or the OM Trust Company or the Owner Manager (other than transfers requested by the Facility Lessee SEMA or required by the Operative Documents or during the continuance of a Lease Event of Default) of any portion of the interest of the Owner Lessor in the Facility ("OWNER LESSOR LIENSOwner Lessor Liens" and, together with Owner ------------------ Participant Liens, "LESSOR LIENSLessor Liens"). The OM Company, the Owner Manager or the Owner Lessor will promptly notify Xxxxx City, the Owner Participant and the Lease Indenture Trustee of the imposition of any Owner Lessor Lien of which it has knowledge and shall promptly, at its own expense, take such action as may be necessary to duly discharge such Owner Lessor Lien attributable to it.-----

Appears in 1 contract

Samples: Participation Agreement (Mirant Mid Atlantic LLC)

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