Common use of Breach of Material Project Documents Clause in Contracts

Breach of Material Project Documents. The Borrower or any other party thereto shall breach or default under any term, condition, provision, covenant, representation or warranty contained in any of the Material Project Documents and the Financing Agreements to which the Borrower is a party if such breach or default shall continue unremedied for fifteen (15) days after notice to the Borrower from the Lender; provided, however, that in the case of any of the EPC Contract, the CHEXIM Guarantee or the Transmission Facilities Construction Agreement, if the breach or default cannot be remedied within such fifteen (15) days despite the Borrower's and/or such other party's, as the case may be, good faith and diligent efforts to do so, but is susceptible to cure within a longer period, the Borrower or such party shall continue diligently such efforts to cure such breach or default until cured (but in no event longer than sixty (60) days in the aggregate.

Appears in 8 contracts

Samples: Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc)

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