Interim operation of Project. 17.4.1 On receipt of a Substitution Notice, no further action shall be taken by any Party to terminate the PPA, except under and in accordance with the terms of this Article of this PPA.
17.4.2 On issue of a Substitution Notice, the Lenders shall have the right to request Procurer to enter upon and takeover the Project for the interim and till the substitution of the Selectee is complete and to otherwise take all such steps as are necessary for the continued operation and maintenance of the Project, including levy, collection and appropriation of payments thereunder, subject to, the servicing of monies owed in respect of the Total Debt Amount as per the Financing agreements and the Power Producer shall completely cooperate in any such takeover of the Project by Xxxxxxxx. If Xxxxxxxx, at its sole and exclusive discretion agrees to enter upon and takeover the Project, till substitution of the Selectee in accordance with this PPA, Procurer shall be compensated for rendering such services in accordance with Article17.8 herein.
17.4.3 If Xxxxxxxx refuses to take over the Project on request by the Lenders in accordance with Article17.4.2 above, the Power Producer shall have the duty and obligation to continue to operate the Project in accordance with the PPA till such time as the Selectee is finally substituted under Article17.6.10 hereof.
17.4.4 The Lenders and Procurer shall, simultaneously have the right to commence the process of substitution of the Power Producer by the Selectee in accordance with these terms and the Power Producer hereby irrevocably consents to the same.
Interim operation of Project a) On receipt of a Substitution Notice, no further action shall be taken by any Party to terminate this Agreement, except under and in accordance with the terms of this Schedule X of this Agreement.
b) On issue of a Substitution Notice, the Lenders shall have the right to request the First Party to enter upon and takeover the Project for the interim and till the substitution of the Selectee is complete and to otherwise take all such steps as are necessary for the continued operation and maintenance of the Project, including levy, collection and appropriation of payments thereunder, subject to, the servicing of monies owed in respect of the Total Debt Amount as per the Financing Agreements and the Corporation shall completely cooperate in any such takeover of the Project by the First Party. If the First Party, at their sole and exclusive discretion agree to enter upon and takeover the Project, till substitution of the Selectee in accordance with this Agreement, the First Party shall be compensated for rendering such services in accordance with clause 10.1 herein.
c) The Lenders and the First Party shall, simultaneously have the right to commence the process of substitution of the Corporation by the Selectee in accordance with these terms and the Corporation hereby irrevocably consents to the same.
Interim operation of Project. (a) On receipt of a Substitution Notice, no further action shall be taken by any Party to terminate this Agreement, except under and in accordance with the terms of this Schedule IV of this Agreement.
(b) On issue of a Substitution Notice, the Lender shall have the right to request the Buying Entity to enter upon and takeover the Project for the interim and till the substitution of the Selectee is complete and to otherwise take all such steps as are necessary for the continued operation and maintenance of the Project, and the SPD shall completely cooperate in any such takeover of the Project by the Buying Entity.
(c) If the Buying Entity refuses to take over the Project on request by the Lender in accordance with clause 3(b) above, SPD shall have the duty and obligation to continue to operate the Project in accordance with this Agreement till such time as the Selectee is finally substituted.
(d) The Lender and the Buying Entity shall, simultaneously have the right to commence the process of substitution of the SPD by the Selectee in accordance with these terms, and the SPD hereby irrevocably consents to the same.
