Common use of Replacement Agreement Clause in Contracts

Replacement Agreement. In the event that the Assigned Agreement is terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the Partnership, the Contracting Party will, at the request of the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), enter into a new agreement with the Collateral Agent or its transferee or nominee having terms substantially the same as the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Power Purchase Agreement (LSP Batesville Funding Corp)

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Replacement Agreement. In the event that the Assigned Agreement Lease is rejected or terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the PartnershipBorrower, the Contracting Consenting Party will, at the request option of the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), enter into a new agreement with the Collateral Agent (or its transferee or other nominee that owns or leases the Project) for the remaining term of the Lease and having other terms that are substantially the same as the terms of the Assigned AgreementLease.

Appears in 1 contract

Samples: Consent and Agreement (Paa Natural Gas Storage Lp)

Replacement Agreement. In the event that the Assigned Agreement --------------------- is terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the PartnershipIssuer, the Contracting Consenting Party will, at the request option of the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), enter into a new agreement with the Collateral Agent or its transferee or nominee having terms substantially the same as the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Power Sales Agreement (Dominion Resources Inc /Va/)

Replacement Agreement. In the event that the Assigned Agreement is Agreements are terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the PartnershipProject Company, the Contracting Consenting Party will, at the request option of the Collateral Agent, enter into one or more new agreements with Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), enter into a new agreement with the Collateral Agent or its transferee or other nominee that owns or leases the Project) having terms substantially the same as the terms of the respective Assigned AgreementAgreements, other than ministerial changes to the Assigned Agreements such as the change of party names, party addresses, and agreement dates.

Appears in 1 contract

Samples: Consent and Agreement

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Replacement Agreement. In the event that the Assigned Agreement is rejected or otherwise terminated as a result of any bankruptcy or insolvency proceeding or other similar proceeding affecting the PartnershipBorrower, the Contracting Consenting Party will, at the request option of the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), enter into a new agreement with the Collateral Agent Agent, any Additional Obligor or its any Substitute Owner (or any transferee or other nominee of the Collateral Agent who owns, operates or leases the Project) having terms substantially the same as the terms of the Assigned Agreement.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Us Geothermal Inc)

Replacement Agreement. In the event that If the Assigned Agreement is rejected or otherwise terminated as a result in connection with any bankruptcy, insolvency, reorganization or similar proceedings in respect of any bankruptcy or insolvency proceeding or other similar proceeding affecting the PartnershipCredit Party, then, at the Collateral Agent’s request, the Contracting Party will, at the request of the Collateral Agent (as directed by the Intercreditor Agent, acting pursuant to the Intercreditor Agreement), will enter into a new agreement with the Collateral Agent or its transferee or nominee having terms substantially with the same as Collateral Agent’s nominee, for the terms remainder of the originally scheduled term of the Assigned Agreement, effective as of the date of such rejection or termination, with the same covenants, agreements, terms, provisions and limitations as are contained in the Assigned Agreement.

Appears in 1 contract

Samples: Operations and Maintenance Agreement (Atlantic Power Corp)

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