Conditions for Process Initiation Right Sample Clauses

Conditions for Process Initiation Right. Subject to the limitations set out below (and to any additional remedy right which may have been granted to any Security Trustee in accordance with Clause 8.2 of this Deed (Creditor Rights)), the Secretary of State has the right to initiate a process with the Operator and, if applicable, the FDP Company under which the Secretary of State may propose a modification to the terms of the FDP under Section 48 of the Act (a “Process Initiation Right”) following the occurrence of any of the following events (each a “Process Trigger Event”):
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Related to Conditions for Process Initiation Right

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