Common use of Termination Not Valid Without Notice to Lenders Clause in Contracts

Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Agreement by the GOB (other than termination resulting from a Company Event of Default under Section 13.1(b)) shall be valid or binding upon the Lenders without such notice and the expiration of: (A) The Initial Cure Period; (B) The Evaluation Period provided in this Section 13.5; and (C) If applicable, the Lenders Cure Period, provided in this Section 13.5, as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 9 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Agreement by the GOB (other than termination resulting from a Company Event of Default under Section 13.1(b)) shall be valid or binding upon the Lenders without such notice and the expiration of: (A) The the Initial Cure Period; (B) The the Evaluation Period provided in this Section 13.5; and (C) If if applicable, the Lenders Cure Period, provided in this Section 13.5, as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 8 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Agreement by the GOB BPDB (other than termination resulting from a Company Event of Default under Section 13.1(b4.2(c)) shall be valid or binding upon the Lenders without such notice notice, and the expiration of: (A) The the Initial Cure Period; (B) The the Evaluation Period provided in this Section 13.54.5(d); and (C) If if applicable, the Lenders Cure Period, provided in this Section 13.54.5(e), as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, make any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Lease Agreement by the GOB BPDB (other than termination resulting from as a result of a Company Event of Default under Section 13.1(b7.1(a)(iv)) shall be valid or binding upon the Lenders without such notice and notice, until the expiration of: (A) The the Initial Cure Period; (B) The the Evaluation Period provided in this Section 13.57.4(d); and (C) If if applicable, the Lenders Cure Period, provided in this Section 13.57.4(e), as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, make any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 5 contracts

Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement

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Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Land Use Agreement by the GOB NCC (other than termination resulting from as a result of a Company Event of Default under Section 13.1(b7.1(a)(iv)) shall be valid or binding upon the Lenders without such notice and notice, until the expiration of: (A) The the Initial Cure Period; (B) The the Evaluation Period provided in this Section 13.57.4(d); and (C) If if applicable, the Lenders Cure Period, provided in this Section 13.57.4(e), as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, make any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 2 contracts

Samples: Land Use Agreement, Land Use Agreement

Termination Not Valid Without Notice to Lenders. (i) From and after Financial Closing no rescission or termination of this Land Lease Agreement by the GOB BPDB (other than termination resulting from as a result of a Company Event of Default under Section 13.1(b7.1(a)(iv)) shall be valid or binding upon the Lenders without such notice and notice, until the expiration of: (A) The the Initial Cure Period; (B) The the Evaluation Period provided in this Section 13.57.4(d); and (C) If if applicable, the Lenders Cure Period, provided in this Section 13.57.4(e), as such Lenders Cure Period may be extended. (ii) The Lenders may make, but shall be under no obligation to make, make any payment or perform or procure the performance of any act required to be made or performed by the Company, with the same effect as if made or performed by the Company.

Appears in 1 contract

Samples: Land Lease Agreement

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