Examples of Enforcing Party in a sentence
It is for the Financiers, Project Co and Key Subcontractors to determine the exclusive cure period that each party has for curing a Major Default within the periods specified above.] a Financier Enforcing Party is not diligently pursuing the Cure Activities, the State has given the Security Trustee notice of that failure to diligently pursue the Cure Activities and that failure has not been Cured within 15 Business Days after receipt of that notice in respect of that failure by the Security Trustee.
If the Security Trustee gives a notice to the State under clause 5.2(a), the State and the Security Trustee must meet as soon as reasonably practicable to agree in good faith a program for the Security Trustee or the Enforcing Party appointed by the Security Trustee (or both) to undertake the Cure Activities and a date by which the relevant PA Default Event must be Cured.
If the State consents to the replacement of the D&C Contractor or the Services Contractor, or the disposal of Project Co's interest in the Project Documents, in accordance with clause 6.6 or 6.7 respectively, the State, the Financier Enforcing Party and the replacement Subcontractor or purchaser (as the case may be) will execute such documents as are reasonably necessary to give effect to the replacement, novation, assignment, transfer or disposal.