Common use of STEP-IN RIGHTS UNDER MATERIAL CONTRACTS Clause in Contracts

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts (a) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has not received a copy of a step-in notice delivered under the terms of the lenders’ direct agreement in respect of such Material Contract (a “Lenders’ Step-In Notice”); or (b) if (i) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has received a copy of a Lenders’ Step-In Notice but (ii) within 105 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Agent has not completed either a step-in and assumption of Project Co’s rights and obligations under the relevant Material Contract or a transfer or assignment thereof.

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts (a) within 60 days of delivery by the relevant Project Contractor Material Contract Party to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Contract Party Collateral Agreement, the Authority has not received a copy of a step-in notice delivered under the terms of the lenders’ direct agreement in respect of such Material Contract (a “Lenders’ Step-In Notice”); or (b) if (i) within 60 days of delivery by the relevant Project Contractor Material Contract Party to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Contract Party Collateral Agreement, the Authority has received a copy of a Lenders’ Step-In Notice but (ii) within 105 days of delivery by the relevant Project Contractor Material Contract Party to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Contract Party Collateral Agreement, the Agent has not completed either a step-in and assumption of Project Co’s rights and obligations under the relevant Material Contract or a transfer or assignment thereof.

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts (a) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has not received a copy of a step-in notice delivered under the terms of the lenders’ direct agreement in respect of such Material Contract (a “Lenders’ Step-In Notice”); or (b) if (i) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has received a copy of a Lenders’ Step-In Notice Notice, but (ii) within 105 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Agent has not completed either a step-in and assumption of Project Co’s rights and obligations under the relevant Material Contract or a transfer or assignment thereof.

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts (a) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has not received a copy of a step-in notice delivered under the terms of the lenders’ direct agreement in respect of such Material Contract (a “Lenders’ Step-In Notice”); or (b) if (i) within 60 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Authority has received a copy of a Lenders’ Step-In Notice but (ii) within 105 days of delivery by the relevant Project Contractor to the Authority of a Termination Notice as contemplated in Section 2.1 of the relevant Material Project Contractor Collateral Agreement, the Agent has not completed either a step-in and assumption of Project Co’s rights and obligations under the relevant Material Contract or a transfer or assignment thereof.