Concessionaire’s Right to Assume Excess Payment of Xxxx Ex Financial Protections Sample Clauses

Concessionaire’s Right to Assume Excess Payment of Xxxx Ex Financial Protections. If on any of the Xxxx Ex Financial Protections Calculation Dates the total combined amount of the Xxxx Ex Financial Protections exceeds $50,000,000, the Concessionaire may, by written notice to the Department, elect to assume the cost of the portion of the Xxxx Ex Financial Protections greater than $50,000,000. For the avoidance of doubt, if and so long as the Concessionaire assumes all such excess Xxxx Ex Financial Protections greater than $50,000,000, the Department shall not have the right to terminate the Xxxx Ex Project pursuant to Section 7.03B(c)(iv).
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