Replacement Material Contract. If any Material Contract at any time lapses, terminates, or otherwise ceases to be in full force and effect (whether by reason of expiry or otherwise), unless the goods, services or rights which were the subject matter of such Material Contract are no longer reasonably required for the Project, Project Co: (a) will forthwith enter into, or cause to be entered into, a replacement contract or contracts upon the same or substantially similar terms as the contract so replaced (to the extent reasonably practicable); and (b) will forthwith enter into, or cause the replacement Material Contract Party to enter into, a Material Contract Party Collateral Agreement.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
