Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller or its Affiliates to pledge or assign the Hydro-Québec Power Resources, this Agreement or the revenues under this Agreement, in each case, to any Affiliate of Seller; provided, however, that, if Seller requests Buyer’s consent to an assignment, (a) Buyer shall provide that consent subject to Buyer’s execution of a consent to assignment in a form acceptable to Buyer and Seller, and (b) Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer reasonably incurs in connection with that consent, without regard to whether such consent is provided. Provided that Seller maintains its ability to continue to satisfy Seller’s obligation to perform under this Agreement, Buyer’s consent shall not be required for Seller or its Affiliates to sell or transfer any interest in the Hydro-Québec Power Resources.
Appears in 7 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Permitted Assignment by Seller. Buyer’s consent shall not be required for Seller or its Affiliates to pledge or assign the Hydro-Québec Power Resources, this Agreement or the revenues under this Agreement, in each case, to any Affiliate of Seller; provided, however, that, if Seller requests BuyerXxxxx’s consent to an assignment, (a) Buyer shall provide that consent subject to Buyer’s execution of a consent to assignment in a form acceptable to Buyer and Seller, and (b) Seller will reimburse Buyer for all “out of pocket” costs and expenses Buyer reasonably incurs in connection with that consent, without regard to whether such consent is provided. Provided that Seller maintains its ability to continue to satisfy Seller’s obligation to perform under this Agreement, Buyer’s consent shall not be required for Seller or its Affiliates to sell or transfer any interest in the Hydro-Québec Power Resources.
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
