Common use of Secretary’s Notice Obligation For Stop Notices Clause in Contracts

Secretary’s Notice Obligation For Stop Notices. If the Secretary shall receive any notice of any Stop Notice against the Borrower, FFB or the Department, which action has not been dismissed against each such applicable party, or has not been bonded in full compliance with, and in satisfaction of all requirements of, applicable law, and in accordance with the terms of the Loan Guarantee Agreement, the Secretary shall provide FFB with notice of such Stop Notice.

Appears in 3 contracts

Samples: Note Purchase Agreement (Eos Energy Enterprises, Inc.), Note Purchase Agreement (Oglethorpe Power Corp), Note Purchase Agreement (Georgia Power Co)

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Secretary’s Notice Obligation For Stop Notices. If the Secretary shall receive any notice of any Stop Notice against the Borrower, FFB or the DepartmentDOE, which action has not been dismissed against each such applicable party, or has not been bonded in full compliance with, and in satisfaction of all requirements of, applicable law, and in accordance with the terms of the Loan Guarantee Arrangement and Reimbursement Agreement, the Secretary shall provide FFB with notice of such Stop Notice.

Appears in 1 contract

Samples: Note Purchase Agreement (Li-Cycle Holdings Corp.)

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