Common use of Province’s Step-in Rights Clause in Contracts

Province’s Step-in Rights. The rights of the Lender hereunder shall be subject to, and shall not derogate from or interfere with, the Province's step-in rights under section 16.6 of the DBFO Agreement, provided the Province delivers written notice to the Lender of the exercise by the Province of such step-in rights concurrently with the notice thereof delivered by the Province to the Contractor. At any time during which the Province is exercising its step- in rights under section 16.6 of the DBFO Agreement, the Lender may put forward a remedial plan for consideration by the Province, and in that event the Province shall give consideration, acting reasonably, to such remedial plan. The Lender shall not, by reason of putting forward of such remedial plan, be deemed to have assumed any obligation or liability of the Contractor.

Province’s Step-in Rights. The rights of the Lender hereunder shall be subject to, and shall not derogate from or interfere with, the Province's step-in rights under section 16.6 of the DBFO DBFM Agreement, provided the Province delivers written notice to the Lender of the exercise by the Province of such step-in rights concurrently with the notice thereof delivered by the Province to the Contractor. At any time during which the Province is exercising its step- in rights under section 16.6 of the DBFO DBFM Agreement, the Lender may put forward a remedial plan for consideration by the Province, and in that event the Province shall give consideration, acting reasonably, to such remedial plan. The Lender shall not, by reason only of putting forward of such remedial plan, be deemed to have assumed any obligation or liability of the Contractor.

Province’s Step-in Rights. The rights of the Lender hereunder shall be subject to, and shall not derogate from or interfere with, the Province's step-in rights under section Section 16.6 of the DBFO Agreement, provided the Province delivers written notice to the Lender of the exercise by the Province of such step-in rights concurrently with the notice thereof delivered by the Province to the Contractor. At any time during which the Province is exercising its step- in rights under section Section 16.6 of the DBFO Agreement, the Lender may put forward a remedial plan for consideration by the Province, and in that event the Province shall give consideration, acting reasonably, to such remedial plan. The Lender shall not, by reason of putting forward of such remedial plan, be deemed to have assumed any obligation or liability of the Contractor.