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CC PACKET 05242016
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CC PACKET 05242016
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to maintain compliance with the applicable Eligibility Requirements may result in NSP <br />not paying you Bill Credits and our cancellation of the relevant CSG Allocation. <br /> <br />(d) This Agreement confers to us no right to interfere with, or require our consent to, your <br />sale or transfer of your real property, or to Xcel tariff provisions related to the <br />subscribed Premises. <br /> <br />ARTICLE 7 <br />FINANCING <br /> <br />7.1 Consent. We may, without your prior consent, in whole or in part, (i) assign, mortgage, <br />pledge or otherwise collaterally assign our interests in this Agreement and the Project to any Financing <br />Party, (ii) directly or indirectly assign this Agreement and the Project to a Project Owner or an affiliate or <br />subsidiary of ours, (iii) assign this Agreement and the Project to any entity through which we are <br />obtaining financing or capital for the Project; and (iv) assign this Agreement and the Project to any <br />person succeeding to all or substantially all of our assets. In the event of any such assignment (other <br />than a collateral assignment), we shall be released from all our liabilities and other obligations under <br />this Agreement upon assumption of our obligations hereunder by the assignee. However, any <br />assignment of our rights and/or obligations under this Agreement shall not result in any change to your <br />rights and obligations under this Agreement. A Financing Party may assign its interest at any time, and <br />without your consent, to another person or another Financing Party. If the Financing Party or its <br />successor becomes the owner of our interest by foreclosure or otherwise, it may sell or transfer that <br />interest to any third party without your consent. We must provide notice to you of any assignment or <br />reassignment of this Agreement to any Financing Parties. <br /> <br />7.2 Changes. You acknowledge that we may obtain construction and long-term financing <br />from one or more Financing Parties. Both Parties agree in good faith to consider and to negotiate <br />changes or additions to this Agreement that may be reasonably requested by the Financing Parties; <br />provided, that such changes do not alter the fundamental economic terms of this Agreement. In <br />connection with any assignment by us (or the Financing Parties, as described below), you agree to <br />execute any consent, estoppel or acknowledgement in form and substance reasonably acceptable to the <br />Financing Parties. If this Agreement applies to more than one Project, you also agree to execute a <br />separate Agreement for each Project if requested by us in connection with such assignment. <br /> <br />7.3 Notice and Opportunity to Cure. You may not terminate or suspend your performance <br />due to our Event of Default unless you have given the Financing Parties prior written notice of your <br />intent to so terminate or suspend this Agreement. In your notice you will describe the circumstances <br />giving rise to our default, and provide the Financing Parties with the opportunity to cure the default <br />within thirty (30) days after receipt of such notice or any longer period provided for in this Agreement. <br />If our default reasonably cannot be cured by the Financing Parties within the period provided and the <br />Financing Parties commence and pursue to cure of such default within that period, the period for cure <br />will be extended for a reasonable period of time under the circumstances, but not to exceed an <br />additional sixty (60) days. The Parties’ respective obligations under this Agreement will otherwise <br />remain in effect during the cure period. If the Financing Parties or an assignee (including any buyer or <br />transferee) acquires title to or control of our assets and within the applicable time periods cures all <br />defaults under this Agreement existing as of the date of such change in control in the manner required <br />by this Agreement and which are capable of cure by a third party or entity, then such Financing Parties <br />or third party transferee will no longer be in default under this Agreement, and this Agreement will <br />continue in full force and effect. <br />90
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