Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of one hundred and eighty (180) Days to cure any Company Event of Default (the “Lenders Cure Period”). (ii) During the Lenders Cure Period, BPDB’s right to terminate this Agreement shall be suspended so long as the Lenders are diligently: (A) attempting to procure (other than by the Company, unless the Company is acting at the direction of the Lenders) the cure of such default; or (B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.
Appears in 13 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of one hundred and eighty (180) Days to cure any Company Event of Default (the “Lenders Cure Period”).
(ii) During the Lenders Cure Period, BPDB’s right to terminate this Agreement shall be suspended so long as the Lenders are diligently:
(A) A. attempting to procure (other than by the Company, unless the Company is acting at the direction of the Lenders) the cure of such default; or
(B) B. pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.
Appears in 6 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of one hundred and eighty (180) Days to cure any Company Event of Default (( the “Lenders Cure Period”).
(ii) During the such Lenders Cure Period, BPDB’s right to terminate this Lease Agreement shall be suspended so long as the Lenders are diligently:
(A) attempting to procure (other than by the Company, unless the Company is acting at the direction of the Lenders) the cure of such default; or
(B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.
Appears in 5 contracts
Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement
Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of one hundred and eighty (180) Days to cure any Company Event of Default (( the “Lenders Cure Period”).
(ii) During the such Lenders Cure Period, BPDB’s right to terminate this Land Lease Agreement shall be suspended so long as the Lenders are diligently:
(A) attempting to procure (other than by the Company, unless the Company is acting at the direction of the Lenders) the cure of such default; or
(B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.
Appears in 1 contract
Samples: Land Lease Agreement
