Common use of No Right to Terminate or Take Restricted Action Clause in Contracts

No Right to Terminate or Take Restricted Action. The Authority will not terminate or deliver any notice terminating the Project Agreement, or take any Restricted Action, during any Notice Period, provided however that until the expiry of that period the Authority will be entitled to require Project Co to remedy any Project Co Event of Default and will be entitled to exercise all rights under the Project Agreement other than termination of the Project Agreement.

No Right to Terminate or Take Restricted Action. The Authority will not terminate or deliver any notice terminating the Project Agreement, or take any Restricted Action, during any Notice PeriodPeriod that would have the effect of terminating the Project Agreement prior to the expiry of the 90 day period referred to in Section 3.1, provided however that until the expiry of that period the Authority will be entitled to require Project Co to remedy any Project Co Event of Default and will be entitled to exercise all rights under the Project Agreement other than termination of the Project Agreement.