Common use of Risk Events Resulting in Removal of Clause in Contracts

Risk Events Resulting in Removal of. a Facility from Agreement The Risk Events Matrix identifies certain Risk Events which will result in removal of a Facility from this Agreement or the right of either party to remove such Facility from this Agreement. The parties’ rights and remedies in the event a Risk Event occurs between issuance of a Facility NTP2 and Close of Finance for a Facility, including any termination rights (except as provided in Section 20 and in the event of a material breach of this Agreement), shall be governed by the applicable Facility Implementation Plan. Risk Events identified in the Risk Events Matrix which will result in removal of a Facility from this Agreement or the right of either party to remove such Facility from this Agreement that are described with more particularity in other sections of the Agreement include:

Appears in 5 contracts

Samples: www.txdot.gov, www.txdot.gov, www.txdot.gov

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