Key's Rights Sample Clauses

Key's Rights. Notwithstanding any contrary term in the Solar Project Documents: a. Key shall be entitled to exercise any and all rights of secured parties generally with respect to the Solar Project Documents. b. Host agrees that Host will provide to Key notice of any default by Company and other material notices under the Solar Project Documents and will permit Key the same cure periods as are available to Company under the Solar Project Documents, provided that Key shall have ninety (90) days from the date of said notice to cure any default so long as Key is diligently proceeding to cause a cure; and further provided that any period to cause a cure shall be tolled if Key is prohibited from curing any default due to bankruptcy of Company or by any other process, stay or injunction issued by any court or governmental authority. c. If, in connection with the exercise of any of its rights and remedies, Key elects to exercise step-in rights under the Solar Project Documents, Key shall use commercially reasonable efforts to ensure that the System remains under the care of a Qualified Operator. A “Qualified Operator” is a business organization which has the skillset and experience to operate and service the System in accordance with the terms of the Solar Project Documents.

Key's Rights. Anything in this Section 7.2 to the contrary notwithstanding, the Members shall not, without the written consent of Parent, settle or compromise any action or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to Parent of a full and unconditional release from all liability and obligation in respect of such action without any payment by Key.