Material Contract Party definition

Material Contract Party means a party to a Material Contract, other than Project Co;
View Source
Material Contract Party means each party (other than the Borrower) to a Material Project Document, including, without limitation, each Shipper party to a Material Project Document, in each case so long as any Material Project Document to which such Person is a party shall remain in full force and effect or such Person shall have any rights or obligations under or in connection with such Material Project Document.
View Source

Examples of Material Contract Party in a sentence

  • If the Material Contract Party is comprised of more than one legal entity, the obligations and liabilities of the Material Contract Party under this Agreement will be the obligations and liabilities of each legal entity comprising the Material Contract Party, jointly and severally with each other such legal entity.

  • Except in accordance with Sections 9.1 to 9.3 (inclusive) or as otherwise expressly permitted under this Agreement, the Authority will not, prior to the Senior Debt Discharge Date, claim, recover, retain or receive(or seek to claim, recover, retain or receive) any amount under either of the Material Project Contractor Collateral Agreements (or either of the Material Contracts) in respect of a loss for which a Material Contract Party is also liable to the Senior Lenders.

  • Unless otherwise defined in this Agreement or to the extent the context requires, this Agreement will be interpreted according to the provisions set out in Sections 2 and 3(b) of Schedule 1 [Definitions and Interpretation] to the Project Agreement, except that references in such section to Project Co will be also deemed to be references to the Material Contract Party.

  • Subject to Section 3, the Material Contract Party will not be entitled to terminate the Material Contract during the notice period specified in a Proposed Transfer Notice.

  • Not less than two Business Days prior to the Proposed Step-in Date, the Material Contract Party will give notice to the Authority of any change in such sums, obligations or liabilities referred to in Section 3.3.

  • The Material Contract Party will not terminate the Material Contract without first giving the Province at least ▼ [NTD: insert same notice period required under the Material Contract] Business Days' notice specifying the grounds for such termination (the “Termination Notice”).

  • Within five Business Days of the receipt of a Proposed Transfer Notice and all information required under Section 4.2, the Material Contract Party will notify the Authority in writing that it has consented to the transfer and if the Material Contract Party has not consented, an explanation of its reasons to withhold its consent.

  • The Authority may, at any time, terminate the Step-in Period by giving the Material Contract Party at least 30 days' notice specifying the date on which the Step-in Period will terminate (the "Step-out Date").

  • Within five Business Days of the receipt of a Proposed Transfer Notice and all information required under Section 4.2, the Material Contract Party will notify BC Hydro in writing that it has consented to the transfer and if the Material Contract Party has not consented, an explanation of its reasons to withhold its consent.

  • Not less than two Business Days prior to the Proposed Step-in Date, the Material Contract Party will give notice to the Province of any change in such sums, obligations or liabilities referred to in Section 3.3.