Common use of Restoration Work Clause in Contracts

Restoration Work. Except as provided in Section 29.1, Sun-Ex shall use commercially reasonable efforts to repair, restore, replace or rebuild the Project to substantially the same or better condition as existed immediately prior to such Event of Loss and in accordance with Prudent Industry Practices, applicable Legal Requirements, the Real Property Interest and any other Transaction Document, as applicable (the “Restoration Work”). Sun-Ex shall use commercially reasonable efforts to complete the Restoration Work as rapidly as possible, using commercially reasonable standards, after the insurance proceeds or other award become available.

Appears in 4 contracts

Samples: Investor Services Agreement (Energea Portfolio 3 Africa LLC), Owner Agreement (Energea Portfolio 3 Africa LLC), Owner Agreement (Energea Portfolio 3 Africa LLC)

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