Common use of Lender's Option Upon Termination Clause in Contracts

Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the Termination Events specified in Section 2.11 or giving the Lender notice of the occurrence of certain Termination Events, as applicable, terminates the DBFO Agreement pursuant to section 17.2(a) of the DBFO Agreement by notice to the Contractor and the Lender, then the Lender may, within 45 days of receiving notice of the termination, require the Province to enter into a new DBFO Agreement (the “New DBFO Agreement”) directly with a Representative on the same terms (and having the same remaining Term) as the DBFO Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFO Agreement will place the Province in the same position as if the DBFO Agreement had not been terminated. In that event:

Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the a Termination Events Event specified in Section 2.11 or giving the Lender notice of the occurrence of certain Termination Events, as applicable, terminates the DBFO DBFM Agreement pursuant to section 17.2(a) of the DBFO DBFM Agreement by notice to the Contractor and the Lender, then the Lender may, within 45 days of receiving notice of the termination, require the Province to enter into a new DBFO DBFM Agreement (the “New DBFO DBFM Agreement”) directly with a Representative on the same terms (and having the same remaining Term) as the DBFO DBFM Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFO DBFM Agreement will place the Province in the same position as if the DBFO DBFM Agreement had not been terminated. In that event:

Lender's Option Upon Termination. If the Province, after duly affording the Lender the opportunity required by Section 2.11 to cure the Default or the subsisting grounds that gave rise to the Termination Events specified in Section 2.11 or giving the Lender notice of the occurrence of certain Termination Events, as applicableDefault, terminates the DBFO Agreement pursuant to section 17.2(a) of the DBFO Agreement by notice to the Contractor and the Lender, then the Lender may, within 45 days five Business Days of receiving notice of the termination, require the Province to enter into a new DBFO Agreement (the “New DBFO Agreement”) directly with the Lender (or, if the Lender is a Representative collective, any member of the collective designated by the collective for that purpose) on the same terms (and having the same remaining Term) as the DBFO Agreement except as stated otherwise in this Agreement, with the intent being that the novation of the DBFO Agreement will place the Province in the same position as if the DBFO Agreement had not been terminated. In that event: