Step-In Period definition

Step-In Period means the period from the Step-In Date up to and including the Step-Out Date.

Step-In Period means the period commencing on the Step-in Date and ending on the earliest of:

Step-In Period means, subject to Section 4.3, the period from the Step-In Date up to and including the earliest of:

Examples of Step-In Period in a sentence

• During the Step-In Period, the Authority will deal with the Appointed Representative and not Project Co. No Appointed Representative will be liable to the Authority or Project Co for any liabilities or obligations of Project Co. An Appointed Representative who is also an Insolvency Officer will not, and will not be required to, assume or have any personal liability for any liabilities or obligations of Project Co.

• If an Enforcement Event has not been cured on termination of the Step-In Period as aforesaid, then the Hospital may confirm that, as consideration for the rights and benefits assigned to Hospital pursuant to paragraph (c) above, it shall pay to Project Co or as Project Co may direct the Step-Out Amount and the provisions of paragraphs (a), (b), (c) and (d) above shall thereupon apply.

• Project Co will remain liable for any unpaid amounts due and payable to the Authority by Project Co under the Project Agreement provided that Project Co will not be required to discharge such liability during the Step-In Period.

• NICTD as operator will collect and deposit farebox and any other revenues, including taxes, into the system revenue account (or similar account), except in the event IFA exercises Operations Step-In Rights under Section 11.9.1, in which case IFA shall have the authority to set fare policy and right to collect farebox and any other revenues during such Operations Step-In Period.

• If an Enforcement Event has not been cured on the termination of the Step-In Period as aforesaid, then Owner may confirm that, as consideration for the rights and benefits assigned to Owner pursuant to Section 8.3(c), it shall pay to Project Co or as Project Co may direct, the Step-Out Amount, and the provisions of Sections 8.3(a), (b), (c), (d) and (e) above shall apply upon such confirmation.

More Definitions of Step-In Period

Step-In Period means the period from the Step-In Date up to and including the earliest of: (i) the Step-Out Date; (ii) the Transfer Date; (iii) the date of any termination of the Design Build Finance Agreement under Section

Step-In Period means the period commencing on the Step-in Date and ending on the earliest of: the date of the first anniversary of the Step-in Date (but subject always to Clause 4.7 (Extension of Step-in Period)); the Step-out Date; the Novation Effective Date; and termination of the Service Contract under Clause 3.3 (

Step-In Period means the period of time during which the Operator exercises its rights to take control of the Pathology Services in accordance with clause 12.1 of this Agreement.

Step-In Period means the period from the Step-In Date up to and including the earlier of: (i) the Step-Out Date; (ii) the date that a transfer to a Suitable Substitute Contractor becomes effective pursuant to Section 2.8; (iii) the date of any notice from the Province to the Lender and the Contractor under Section 2.12; (iv) if the Step-In Date occurs prior to Total Availability, the later of (A) May 31, 2025, or such later date as the date in section 16.8(i) of the DBFM Agreement may be extended to in accordance with the DBFM Agreement, or (B) the first anniversary of the Step-In Date; or (v) the expiry of the Term;

Step-In Period has the meaning as set out in Section 9.6.5;

Step-In Period means the period from (and including) the Step-in Date to (and excluding) the Step-out Date;

Step-In Period means the period from the Step-In Date up to and including the earlier of: (i) the Step-Out Date; (ii) the Termination Date (provided that the City has complied with its obligations in Section 7 of this Lenders’ Direct Agreement); (iii) the date that a transfer of DB Co’s rights and obligations under the City Project Documents to a Suitable Substitute pursuant to Section 10 becomes effective; and (iv) if the Step-In Date occurs prior to the latest Substantial Completion Date, the earlier of: (A) the date falling 180 days after the Longstop Date; or (B) the date falling 2 years after the Step-In Date.