STEP-IN RIGHTS UNDER MATERIAL CONTRACTS Sample Clauses

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4, notwithstanding any provision in any Material Project Contractor Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Project Contractor Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Project Contractor Collateral Agreement), or to transfer or assign a Material Contract, unless:
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Step-in from Termination Date or Senior Debt Discharge Date Subject to Section 9.3, from (but not before) the earliest to occur of the Termination Date and the Senior Debt Discharge Date, provided that the Authority has (if applicable) complied with Section 3.7 and Section 4.5 in terminating the Project Agreement, the Authority will be free to exercise its rights under any Material Project Contractor Collateral Agreement to step-in and assume (or cause a third party designated by the Authority to step-in and assume) Project Co’s rights and obligations under, or to transfer or assign, any Material Contract in accordance with a Material Project Contractor Collateral Agreement.
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 13 9.1 Priority of Step-In Rights under Material Contracts 13 9.2 Step-in from Termination Date 13 9.3 Release of Security 13 9.4 Retention of Security for Senior Debt Deficiency 14 9.5 Assignment of Material Contracts by Finance Parties 14 10. ASSIGNMENT 14 10.1 Restriction on Assignment 14 10.2 Assignment by Indenture Trustee 14 10.3 Assignment by Senior Lender 15 10.4 Assignment by Authority 15 10.5 New Agreement 15 11. GENERAL 15 11.1 Term 15 11.2 Conflict or Inconsistency 15 11.3 Entire Agreement 15 11.4 Waiver 15 11.5 Counterparts 15 11.6 Confidentiality 16 11.7 Notices 16 11.8 No Partnership or Agency 17 11.9 Remedies Cumulative 17 11.10 Disputes 17 SCHEDULE 10 LENDERS’ REMEDIES AGREEMENT THIS AGREEMENT is dated as of ▼, 20▼ BETWEEN: INTERIOR HEALTH AUTHORITY (the “Authority”) AND: BNY TRUST COMPANY OF CANADA, as indenture trustee for the Senior Lenders (the “Indenture Trustee”), as security agent for the Senior Lenders AND: ELLISDON INFRASTRUCTURE RIH GENERAL PARTNERSHIP, by its partners ELLISDON RIH INC. and ED RIH HOLDINGS LIMITED PARTNERSHIP (by its general partner ELLISDON RIH HOLDINGS INC.) (“Project Co”)
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Step-in from Termination Date or Senior Debt Discharge Date Subject to Section 9.3, from (but not before) the earliest to occur of the Termination Date and the Senior Debt Discharge Date, provided that the City has (if applicable) complied with Section 3.7 and Section 4.5 in terminating the Project Agreement, the City shall be entitled to exercise its rights under any Collateral Agreement to step-in and assume (or cause a third party designated by the City to step-in and assume) Project Co’s rights and obligations under, or to transfer or assign, any Project Contract in accordance with a Collateral Agreement.
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4, notwithstanding any provision in any Material Contract Party Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Contract Party Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Contract Party Collateral Agreement), or to transfer or assign a Material Contract, unless:
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Section 9.3, notwithstanding any provision in any Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Collateral Agreement to step-in and assume (or cause a third party designated by the Authority to step-in and assume) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Collateral Agreement), or to transfer or assign a Material Contract, unless:
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STEP-IN RIGHTS UNDER MATERIAL CONTRACTS 
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Related to STEP-IN RIGHTS UNDER MATERIAL CONTRACTS

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