Common use of Title to System Clause in Contracts

Title to System. Owner, or Owner's permitted assigns, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or state law, and the System shall remain the property of Owner or Owner's assigns. Owner shall not transfer title to another entity without prior written notification to Utility and written Utility approval, which approval shall not be unreasonably withheld, or except as provided in Section 11.3.

Appears in 7 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Title to System. Owner, or Owner's ’s permitted assigns, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or state law, and the System shall remain the property of Owner or Owner's ’s assigns. Owner shall not transfer title to another entity without prior written notification to Utility Utilities and written Utility Utilities approval, which approval shall not be unreasonably withheld, or except as provided in Section 11.3.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Title to System. Owner, or Owner's permitted assigns, shall at all times retain title to to, and be the legal and beneficial owner of of, the System, including the right to any tax credits available under federal or state law, and the System shall remain the property of Owner or Owner's assigns. Owner shall not transfer title to another entity without prior written notification to Utility and written Utility approval, which approval shall not be unreasonably withheld, or except as provided in Section 11.3.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Title to System. Owner, or Owner's ’s permitted assigns, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or state law, and the System shall remain the property of Owner or Owner's ’s assigns. Owner shall not transfer title to another entity without prior written notification to Utility Utilities and without written Utility Utilities approval, which approval shall not be unreasonably withheld, or except as provided in Section 11.3.

Appears in 1 contract

Samples: Power Purchase Agreement

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Title to System. OwnerProvider, or Owner's Provider’s permitted assigns, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or state law, and the System shall remain the property of Owner Provider or Owner's Provider’s assigns, unless and until State Purchaser exercises its purchase option pursuant to Section 10.2.2. Owner Provider shall not transfer title to another entity without prior written notification to Utility State Purchaser and without written Utility State Purchaser approval, which approval shall not be unreasonably withheld, or except as provided in Section 11.314.3.

Appears in 1 contract

Samples: Power Purchase Agreement

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