Common use of Event of default by Project SPV Clause in Contracts

Event of default by Project SPV. 6.1.1 The following events shall be construed as events of default on the part of the Project SPV (the “Project SPV Event of Default”): (a) if the Project SPV commits a breach of this Agreement and fails to cure such breach within a period of 7 (seven) days from the date of occurrence of such breach; (b) termination of the Power Purchase Agreement for reasons attributable to the Project SPV; (c) any breach of the terms of the Power Purchase Agreement by the Project SPV; (d) if the Project SPV repudiates this Agreement or otherwise takes any action or evidences or conveys an intention not to be bound by this Agreement; (e) any act or omission by Project SPV as a consequence whereof, the implementation of the Project is rendered unviable; (f) If the Project SPV is adjudged to be bankrupt or insolvent.