Common use of Expiry of Step-In Period Clause in Contracts

Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period: (a) the rights of the Authority against the Appointed Representative and the rights of the Appointed Representative against the Authority will be cancelled; and (b) the Authority will no longer deal with the Appointed Representative and will deal with Project Co in connection with the Project Agreement.

Appears in 9 contracts

Samples: Lenders’ Remedies Agreement, Lenders’ Remedies Agreement, Lenders’ Remedies Agreement

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Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period: (a) the rights of the Authority against the Appointed Representative and the rights of the Appointed Representative against the Authority will be cancelled; and (b) the Authority will no longer deal with the Appointed Representative and will deal with Project Co in connection with the Project Agreement.

Appears in 4 contracts

Samples: Lenders’ Remedies Agreement, Lenders’ Remedies Agreement, Lenders’ Remedies Agreement

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Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period: (a) the rights of the Authority Owner against the Appointed Representative and the rights of the Appointed Representative against the Authority Owner will be cancelled; and (b) the Authority Owner will no longer deal with the Appointed Representative and will deal with Project Co in connection with the Project Agreement.

Appears in 1 contract

Samples: Lenders’ Remedies Agreement

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