Material Project Contractor definition
Examples of Material Project Contractor in a sentence
The Material Project Contractor will not hold itself out as having any authority or power to bind the Authority in any way.
Nothing in this Agreement will be construed as creating a partnership or as constituting the Material Project Contractor as an agent of the Authority.
The Authority may, at any time, terminate the Step-in Period by giving the Material Project Contractor at least 30 days' notice specifying the date on which the Step-in Period will terminate (the "Step-out Date").
The Material Project Contractor will provide copies of all relevant notices delivered by it to, or to it by, the Senior Lenders in respect of the exercise of such rights so as to enable the Authority and the Material Project Contractor to determine, in accordance with this Section 3.2 the notice periods and timelines set out in Section 3.1.
Not less than two Business Days prior to the Proposed Step-in Date, the Material Project Contractor will give notice to the Authority of any change in such sums, obligations or liabilities referred to in Section 3.3.
The Authority and the Material Project Contractor will use reasonable efforts to agree to any amendments to the Material Contract reasonably necessary to reflect the fact that the Project Agreement may have terminated at the time of the Transfer Effective Date.
If the Material Project Contractor is comprised of more than one legal entity, the obligations and liabilities of the Material Project Contractor under this Agreement will be the obligations and liabilities of each legal entity comprising the Material Project Contractor, jointly and severally with each other such legal entity.
Within five Business Days of the receipt of a Proposed Transfer Notice and all information required under Section 4.2, the Material Project Contractor will notify the Authority in writing that it has consented to the transfer and if the Material Project Contractor has not consented, an explanation of its reasons to withhold its consent.
The Material Project Contractor will not terminate the Material Contract without first giving the Authority at least ▼ [NTD: insert same notice period required under the Material Contract] Business Days' notice specifying the grounds for such termination (the “Termination Notice”).
Subject to Section 3, the Material Project Contractor will not be entitled to terminate the Material Contract during the notice period specified in a Proposed Transfer Notice.