Credit and Collateral Covenants. (a) Seller shall, from time to time as requested by SCE, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all applicable laws the rights, liens and priorities of SCE with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Seller shall, from time to time as requested by Anaheim, execute, acknowledge, record, register, deliver, and file all such notices, statements, instruments, and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens, and priorities of Anaheim with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. Owner shall, from time to time as requested by CHGE, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CHGE with respect to the Security Interest provided for herein and therein. Owner may not cause or permit the stock or other equity ownership interest in Owner or assets of Owner to be pledged or assigned, as collateral or otherwise, to any party other than Lender under a Collateral Assignment Agreement. Owner may not hold any material assets, become liable for any material obligations or engage in any material business activities other than the development, construction and operation of the Project. Owner may not own, form or acquire, or otherwise conduct any of its activities through, any direct or indirect subsidiary. During any period during which Owner is a Defaulting Party, Owner shall not: declare or pay any dividend, or make any other distribution or payment, on account of any equity interest in Owner; or otherwise make any distribution or payment to any Affiliate of Owner.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by RG&E, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of RG&E with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by CHGE, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CHGE with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by NYSEG, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of NYSEG with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by CECONY, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of CECONY with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. (a) Owner shall, from time to time as requested by X&X, execute, acknowledge, record, register, deliver and file all such notices, statements, instruments and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens and priorities of O&R with respect to the Security Interest provided for herein and therein.
Credit and Collateral Covenants. Subject to Section 1.01(d):
Credit and Collateral Covenants. Seller shall, from time to time as requested by Anaheim, execute, acknowledge, record, register, deliver, and file all such notices, statements, instruments, and other documents as may be necessary or advisable to render fully valid and enforceable under all Applicable Laws the rights, liens, and priorities of Anaheim with respect to the Security Interest provided for herein and therein. Except for Seller’s ability to do so in the ordinary course of business for corporate purposes or in connection with a portfolio financing of the Seller’s upstream parent companies, Seller may not cause or permit the stock, equity ownership interest in Seller to be pledged or assigned as collateral or otherwise to any party other than Lender consistent with the provisions of this Agreement. Additionally, Seller may not cause or permit the assets of Seller to be pledged or assigned as collateral or otherwise to any party other than Lender consistent with the provisions of this Agreement. Except for Seller’s ability to do so in connection with portfolio financing of the Seller’s upstream parent companies, which includes acting as a guarantor of obligations or premium payments that may be due under such portfolio bonding program or other similar programs that are customary in the landfill gas to energy industry, Seller may not create, incur, issue, assume, guarantee, or otherwise become directly or indirectly liable for, contingently or otherwise, any Seller’s Debt, or issue any Disqualified Stock, in each case, other than Seller’s Debt incurred, issued, assumed or guaranteed, or Disqualified Stock issued, in connection with the funding of the development, construction, or Operation of the Generating Facility. Except for liens for the benefit of Lender, Seller may not create, incur, assume or suffer to be created by it or any subcontractor, employee, laborer, material man, other supplier of goods or services or any other person, any lien on Seller’s interest (or any part thereof) in this Agreement, the Site, or the Generating Facility. Seller promptly shall pay or discharge, or shall cause its contractors to promptly pay and discharge, and discharge of record, any such lien for labor, materials, supplies or other obligations upon Seller’s interest in the Site, the Generating Facility, or any part thereof or interest therein, unless Seller is disputing any such lien in good faith and only for so long as it does not create an imminent risk of a sale or transfer of the Generatin...
