Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.
Step-In Rights means the step in rights, if any, referred to in the Key Provisions;
Step-In Rights means PacifiCorp’s rights under Section 11.8.
Examples of Step-In Rights in a sentence
Should the Authority be of the view, acting reasonably, that the Supplier can no longer provide the Services, then without prejudice to the Authority’s rights and remedies under this Contract, the Authority shall be entitled to exercise its Step In Rights if the Key Provisions refer to the Authority having such rights under this Contract.
More Definitions of Step-In Rights
Step-In Rights shall have the meaning set forth in Section 12.5.
Step-In Rights. Has the meaning set out in paragraph 4.1.6.4.
Step-In Rights is defined in Section 8.4.2.
Step-In Rights means the rights of the Debenture Trustee, without prejudice to any other rights or remedies available to the Debenture Trustee and the Debenture Holders under Applicable Law or under the Debenture Documents, and without being required to exercise or exhaust such rights or remedies, to enter upon and takeover the Project/Project sites and to take all such steps as are necessary for the continued operation and maintenance of the Project, including in relation to the debt servicing obligations of the Issuer in respect of its secured debt.
Step-In Rights has the meaning set forth in Section 13.2.2.
Step-In Rights has the meaning given in Clause 4.5 and 6.3.