Provider Default. In the event of a Default by the Provider the Provider shall, in the sole election of the Provider, either commence and complete Decommissioning or surrender the Generating Facility and Supporting Infrastructure to the Receiver. If the Provider elects to surrender the Generating Facility and Supporting Infrastructure to the Receiver then the Provider shall release all easements and/or leases between the Receiver and the Provider, and, if requested by the Receiver, allowing such releases to be recorded by the County and grant the Receiver an easement and/or lease as necessary to continue to operate the Generating Facility during the Term. If the Receiver declines the surrender, then the Provider shall complete Decommissioning pursuant to Section 4.16 solely at the Provider’s expense.
Appears in 2 contracts
Sources: Renewable Energy Agreement (One Power Co), Renewable Energy Agreement (TRTL Holding Corp.)