Replaceable Contract definition

Replaceable Contract means a Non Performing Asset, a Defaulted Contract or a Prepaid Contract that is removed from the pool of Contracts by the Borrower in accordance with Section 11.01 of this Loan Agreement.
View Source
Replaceable Contract means any Major Project Document excluding any Real Property Document and any Offtake Agreement.
View Source
Replaceable Contract means a contract
View Source

Examples of Replaceable Contract in a sentence

  • The commencement of an Insolvency Proceeding against any Borrower Entity or any Major Project Participant and such proceeding continues undismissed for thirty (30) days; provided, that in the case of a Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (i) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.

  • The dissolution of any Borrower Entity or any Major Project Participant; provided, that in the case of any such Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (iii) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.


More Definitions of Replaceable Contract

Replaceable Contract means a Delinquent Contract or a Defaulted Contract that is removed from the pool of Contracts by the Borrower in accordance with Section 11.01 of this Loan Agreement.
View Source