Common use of Limitations on Province's Option Clause in Contracts

Limitations on Province's Option. The Province's option under Section 2.13 above shall: (a) not apply to any Termination Payment under section 18.9 of the DBFO Agreement; and (b) not apply unless there is a market for the Bond such that the proceeds realizable by the Lender from the Bond can be ascertained with a reasonable measure of certainty in advance of the issue of the Bond, the Bond is not subject to any hold period and is freely tradable, and such proceeds can be realized.

Limitations on Province's Option. The Province's option under Section 2.13 above shall: (a) not apply to any Termination Payment under section 18.9 of the DBFO DBFM Agreement; and (b) not apply unless there is a market for the Bond such that the proceeds realizable by the Lender from the Bond can be ascertained with a reasonable measure of certainty in advance of the issue of the Bond, the Bond is not subject to any hold period and is freely tradable, tradeable and such proceeds can be realized.

Limitations on Province's Option. The Province's ’s option under Section section 2.13 above of this Schedule shall: (a) not apply to any Termination Payment under section Section 18.9 of the DBFO Agreement; and (b) not apply unless there is a market for the Bond bond described in section 2.13 of this Schedule such that the proceeds realizable by the Lender Contractor from the Bond bond can be ascertained with a reasonable measure of certainty in advance of the issue of the Bond, the Bond is not subject to any hold period and is freely tradable, and such proceeds can be realizedbond.

Limitations on Province's Option. The Province's option under the first paragraph of Section 2.13 above shall: (a) not apply to any Termination Payment under section 18.9 of the DBFO Agreement; and (b) not apply unless there is a market for the Bond such that the proceeds realizable by the Lender from the Bond can be ascertained with a reasonable measure of certainty in advance of the issue of the Bond, the Bond is not subject to any hold period and is freely tradable, and such proceeds can be realized.