IN AND STEP-OUT. 3.1 Step-In Notice Subject to Section 3.2, if the Authority has terminated the Project Agreement in accordance with its terms or if the Authority has received a Termination Notice, the Authority may give notice to the Material Project Contractor (a "Step-in Notice") of the intention of the Authority to issue a Step-in Undertaking on a specified date (the "Proposed Step-in Date") provided that such Proposed Step-in Date is:
Appears in 4 contracts
Samples: Project Contractor Collateral Agreement, Project Contractor Collateral Agreement, Project Contractor Collateral Agreement