Common use of Termination or Invalidity of Certain Project Documents; Abandonment of Project Clause in Contracts

Termination or Invalidity of Certain Project Documents; Abandonment of Project. (a) Any of the Project Documents or the Financing Agreements shall have become invalid, illegal or unenforceable; (b) The Borrower shall cease to have the right to use the Site for the purpose of owning, constructing, maintaining and operating the Facility in the manner contemplated by the Project Documents (or to obtain sufficient water for its operations); or (c) The Borrower shall abandon the Project or otherwise cease to pursue the operations of the Project in accordance with standard industry practice or shall (except as permitted by Section 6.4) sell or otherwise dispose of its interest in the Project.

Appears in 8 contracts

Samples: Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc)

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