Termination for failure to comply with Social Licence Commitments. (a) Subject to paragraph (b), SFV may terminate this agreement by written notice to LTES Operator with immediate effect if LTES Operator does not: (i) submit or resubmit a Draft SLC Cure Plan that is approved by SFV in accordance with clause 14.5 (“Cure”); (ii) commence and comply with the SLC Cure Plan in all material respects, and does not remedy that failure within 10 Business Days after notice from SFV; or (iii) make the agreed cash payment pursuant to clause 14.6(a) (“Alternative cash payment”) within 10 Business Days after notice from SFV. (b) SFV must not terminate this agreement pursuant to paragraph (a) if LTES Operator has submitted a Draft SLC Cure Plan to SFV under clause 14.5(a) (“Cure”) and SFV has not yet approved or rejected the Draft SLC Cure Plan under clause 14.5(e).
Appears in 9 contracts
Samples: Project Development Agreement, Project Development Agreement, Project Development Agreement
Termination for failure to comply with Social Licence Commitments.
(a) Subject to paragraph (b), SFV may terminate this agreement by written notice to LTES Operator with immediate effect if LTES Operator does not:not:
(i) submit or resubmit a Draft SLC Cure Plan that is approved by SFV in accordance with clause 14.5 (“Cure”);
(ii) commence and comply with the SLC Cure Plan in all material respects, and does not remedy that failure within 10 Business Days after notice from SFV; or
(iii) make the agreed cash payment pursuant to clause 14.6(a) (“Alternative cash payment”) within 10 Business Days after notice from SFV.
(b) SFV must not terminate this agreement pursuant to paragraph (a) if LTES Operator has submitted a Draft SLC Cure Plan to SFV under clause 14.5(a) (“Cure”) and SFV has not yet approved or rejected the Draft SLC Cure Plan under clause 14.5(e).14.5(e). 15 Default and termination
Appears in 2 contracts
Samples: Project Development Agreement, Project Development Agreement
Termination for failure to comply with Social Licence Commitments. (a) Subject to paragraph (b), SFV may terminate this agreement by written notice to LTES Operator with immediate effect if LTES Operator does not:
(i) submit or resubmit a Draft SLC Cure Plan that is approved by SFV in accordance with clause 14.5 (“Cure”)14.5;
(ii) commence and comply with the SLC Cure Plan in all material respects, and does not remedy that failure within 10 Business Days after notice from SFV; or
(iii) make the agreed cash payment pursuant to clause 14.6(a) (“Alternative cash payment”) within 10 Business Days after notice from SFV.
(b) SFV must not terminate this agreement pursuant to paragraph (a) if LTES Operator has submitted a Draft SLC Cure Plan to SFV under clause 14.5(a) (“Cure”) and SFV has not yet approved or rejected the Draft SLC Cure Plan under clause 14.5(e).
Appears in 1 contract
Samples: Project Development Agreement