Common use of Proponent - SM Clause in Contracts

Proponent - SM. (a) It is required that the SM would adopt a similar position if a project terminates under reasonable circumstances. That is, best efforts can be made to recover government contributions, but if there were no proceeds available, repayment would not be expected. (b) In situations of non-compliance due to misuse or negligence, the SM is expected to take remedies available to recover government contributions.

Appears in 6 contracts

Samples: Municipal Contribution Agreement, Municipal Contribution Agreement, Municipal Contribution Agreement

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