Province Event of Default definition

Province Event of Default has the meaning attributed to that term in section 8.7.

Province Event of Default means any of the following events or circumstances:

Province Event of Default has the meaning set out in Section 13 (Province Events of Default);

Examples of Province Event of Default in a sentence

• The Province will notify Project Co of the occurrence, and details, of any Province Event of Default and of any event or circumstance which is likely, with the passage of time or otherwise, to constitute or give rise to an Province Event of Default, in either case promptly on the Province Having Knowledge of its occurrence.

• The Province may, by notice to Project Co within 30 days after receipt of the Reinstatement Plan, terminate this Agreement and pay compensation to Project Co in accordance with Section 1 [Termination for Province Event of Default or at Province’s Option] of Schedule 9 [Compensation on Termination].

• The Province will notify Project Co of the occurrence, and details, of any Province Event of Default and of any event or circumstance which is likely, with the passage of time or otherwise, to constitute or give rise to a Province Event of Default, in either case promptly on the Province Having Knowledge of its occurrence.

More Definitions of Province Event of Default

Province Event of Default has the meaning given in the Project Agreement.