Loan Party Breach. A Loan Party shall be in breach of, or there shall be a default by a Loan Party under, a Major Project Contract beyond any applicable grace or cure period set forth in such Major Project Contract and such breach or default shall not be remediable or, if remediable, shall continue unremedied for a period equal to 45 days from the time the applicable Loan Party obtains knowledge of such breach or default, unless such default or breach could not reasonably be expected to have a Material Adverse Effect; provided that no Event of Default shall occur as a result of any such breach or default if the applicable Loan Party obtains a Replacement Obligor for the affected party within the 45-day cure period referred to above.
Appears in 6 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
