Common use of Effect of Step-In Undertaking Clause in Contracts

Effect of Step-In Undertaking. During any Step-in Period, the Material Project Contractor will continue to observe and perform its duties and obligations under the Material Contract and will only be entitled to exercise its rights of termination under the Material Contract:

Appears in 13 contracts

Samples: Project Contractor Collateral Agreement, Project Contractor Collateral Agreement, Project Contractor Collateral Agreement

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Effect of Step-In Undertaking. During any Step-in Period, the Material Project Contractor will continue to observe and perform its duties and obligations under the Material Project Contract (subject to the terms thereof, including any maximum liability provisions contained therein) and will only be entitled to exercise its rights of termination under the Material Project Contract:

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

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