Common use of Removal Process Clause in Contracts

Removal Process. (a) Within ten (10) Business Days of the closing of a sale or contribution of a Non-ROFO Asset to the Operating Company, the Sponsor shall deliver to the Operating Company a notice (the “Removal Notice”) setting forth its formal request to remove a ROFO Asset from Annex A (the “Removal Request”), including the name of the ROFO Asset to be removed and a calculation of the Forecasted Distributed Cash of such ROFO Asset and of the Non-ROFO Asset previously contributed or sold to the Operating Company (together, the “Forecasted Distributed Cash Calculation”).

Appears in 5 contracts

Samples: Right of First Offer Agreement (8point3 Energy Partners LP), Limited Liability Company Agreement (Sunpower Corp), Right of First Offer Agreement (8point3 Energy Partners LP)

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