Common use of Abandonment of Project Clause in Contracts

Abandonment of Project. Any Project Company shall have voluntarily abandoned any Project for a period of at least 60 consecutive days (it being acknowledged that a Recovery Event, an Event of Eminent Domain, a force majeure event, an outage or any other event that is not caused by or due to the fault of any Loan Party shall be deemed not to be an “abandonment”).

Appears in 4 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

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Abandonment of Project. Any Project Company The Borrower shall have voluntarily abandoned any the Project for a period of at least 60 consecutive days (it being acknowledged that a Recovery Event, an Event of Eminent Domain, a force majeure event, an outage or any other event that is not caused by or due to the fault of any Loan Party the Borrower shall be deemed not to be an “abandonment”).

Appears in 2 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

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