Construction Agency Events of Default. If any one or more of the following events (each a "Construction Agency Event of Default") shall occur and be continuing:
Construction Agency Events of Default. 7 5.1. Construction Agency Events of Default ................................. 7 5.2. Damages ............................................................... 7 5.3. Remedies, Remedies Cumulative ......................................... 8 5.4. Construction Return Procedures ........................................ 8
Construction Agency Events of Default. If any one or more of the ------------------------------------- following events (each a "Construction Agency Event of Default") shall occur: ------------------------------------
Construction Agency Events of Default. 7 5.2. Survival...................................................... 8 5.3.
Construction Agency Events of Default. 7 5.2. Damages........................................................8 5.3.
Construction Agency Events of Default. 15 Section 5.1. Construction Agency Agreement Events of Default 15 Section 5.2. Survival 19 Section 5.3. Remedies Cumulative; Waivers 19 Section 5.4. Limitation on Recourse Liability of Construction Agent 21 Section 5.5. Lessor’s Right to Cure Construction Agent’s Defaults 22 Section 5.6. Determination of Whether Project Budget Is “In Balance.” 22 ARTICLE VI NO SUPERVISORY AGENCY FEE 23 ARTICLE VII MISCELLANEOUS 23 Section 7.1. Notices 23 Section 7.2. Successors and Assigns 23 Section 7.3. Governing Law 23 Section 7.4. Amendments, Etc. 23 Section 7.5. Counterparts 23 Section 7.6. Severability 24 Section 7.7. Headings and Table of Contents 24 Section 7.8. Limited Liability 24 Section 7.9. Limited Liability 24 Section 7.9. No Third Party Beneficiaries 24 Section 7.10. Exercise of Lessor’s Rights 24 Section 7.11. Further Assurances 24 Section 7.12. No Waiver 24 EXHIBITS EXHIBIT A — Form of Assignment of Project Agreement EXHIBIT B — Form of Consent and Acknowledgment by the Contractor SCHEDULE 2.6(B) — Insurance CONSTRUCTION AGENCY AGREEMENT CONSTRUCTION AGENCY AGREEMENT dated as of March 1, 2019 (this “Agreement”), between BA LEASING BSC, LLC, a Delaware limited liability company, as Lessor (“Lessor”), and NORFOLK SOUTHERN RAILWAY COMPANY, a Virginia corporation (“Construction Agent”).
Construction Agency Events of Default. If any one or more of the following events (each a "Construction Agency Event of Default") shall occur and be continuing: a. the Construction Agent fails to apply any funds paid by, or on behalf of, the Lessor to the Construction Agent for the acquisition or lease of the Land and the construction of the Buildings to the payment of acquisition, transaction and closing costs or improvements costs for such Leased Property; b. subject to Construction Force Majeure Events, the Construction Commencement Date with respect to any Leased Property shall fail to occur for any reason on or prior to the date that is one year after the Closing Date with respect to such Leased Property;
Construction Agency Events of Default. 9 5.1. Construction Agency Events of Default 9 5.2. Damages 10 5.3. Remedies; Remedies Cumulative 10
Construction Agency Events of Default. If any one or more of the ------------------------------------- following events (each a "Construction Agency Event of Default") shall occur and ------------------------------------ be continuing (after expiration of -7- applicable notice and cure periods, if any, provided for herein or in any other Operative Document):
Construction Agency Events of Default. 19 ARTICLE V REMEDIES.................................................................................. 22 SECTION 5.1 Remedies for Construction Agency Events of Default............................... 22 SECTION 5.2 Full Recourse Events............................................................. 25 SECTION 5.3 No Limitations................................................................... 25 ARTICLE VI FEE; LIABILITIES OF CONSTRUCTION AGENT; ACKNOWLEDGMENTS................................... 25
