Assignability. Neither Party may assign its rights and obligations hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld, provided, that no prior written consent of the District shall be required in the event of an assignment by Customer: (a) to an affiliate; (b) in connection with a financing transaction by Customer; or (c) in connection with a sale or other transfer of Customer’s interest in the Property or the facilities constructed t

Staff Report & Agenda Item Details

Assignability. Neither Party may assign its rights and obligations hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld, provided, that no prior written consent of the District shall be required in the event of an assignment by Customer: (a) to an affiliate; (b) in connection with a financing transaction by Customer; or (c) in connection with a sale or other transfer of Customer’s interest in the Property or the facilities constructed thereon, provided that the assignee of such interest shall be bound by the obligations set forth in this Agreement, and further provided that the District may assign its rights and obligations under this Agreement to a retail public utility successor in interest.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.