Effect of Step-Out. The Authority will be released from the Step-in Undertaking on the expiry or termination of the Step-in Period, provided that the Authority has performed and discharged in full or procured the performance and discharge in full of any of the Authority’s obligations under the Step-in Undertaking arising on or before the expiry or termination of the Step-in Period.
Appears in 8 contracts
Samples: Collateral Agreement, Material Contract Party Collateral Agreement, Material Project Contractor Collateral Agreement
Effect of Step-Out. The Authority will be released from the Step-in Undertaking on the expiry or termination of the Step-in Period, provided that the Authority has performed and discharged in full or procured the performance and discharge in full of any of the Authority’s obligations under the Step-in Undertaking arising on or before the expiry or termination of the Step-in Periodout Date.
Appears in 4 contracts
Samples: Material Project Contractor Collateral Agreement, Material Project Contractor Collateral Agreement, Material Project Contractor Collateral Agreement
Effect of Step-Out. The Authority will be released from the Step-in In Undertaking on the expiry expiration or termination of the Step-in In Period, provided that the Authority has performed and discharged in full full, or procured the performance and discharge in full full, of any of the Authority’s obligations under the Step-in In Undertaking arising on or before the expiry expiration or termination of the Step-in In Period.
Appears in 2 contracts
Samples: Lenders’ Remedies Agreement, Assignment of Master Agreement
Effect of Step-Out. The Authority will be released from the Step-in Undertaking on the expiry or termination of the Step-in Period, provided that the Authority has performed and discharged in full or procured the performance and discharge in full of any of the Authority’s obligations under the Step-in Undertaking arising on or before the expiry or termination of the Step-in Period.
Appears in 1 contract
Effect of Step-Out. The Authority will be released from the Step-in Undertaking on the expiry or termination of the Step-in Period, provided that the Authority has performed and discharged in full or procured the performance and discharge in full of any of the Authority’s obligations under the Step-in Undertaking arising on or before the expiry or termination of the Step-Step in Period.
Appears in 1 contract
