Common use of Mitigation Responsibility Clause in Contracts

Mitigation Responsibility. The Affected Party shall use the insurance proceeds to mitigate the impact of the Force Majeure Event. 20.1 Change of "DEVELOPER" shall constitute as follows: a) A material breach of a material provision of the Project Agreements by the "DEVELOPER". b) Repudiation of the Project Agreements by the "DEVELOPER" or the evidencing of an intention by the "DEVELOPER" not to be bound by the terms of this Agreement. c) Appointment of a provisional liquidator providing for winding up of the "DEVELOPER", after notice to the "DEVELOPER" and due hearing, unless such appointment has been set aside within 45 days.