Common use of Abandonment of Project Clause in Contracts

Abandonment of Project. The Borrower shall not (a) abandon, agree to abandon or make any public statements regarding its intention to abandon the development, construction or operation of the Project, or take any action that could be deemed an “abandonment”, or transfer the Project to any Person, or (b) notify any Major Project Participant of its intent to terminate any Principal Project Document or the construction or operation of the Project.

Appears in 4 contracts

Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp), Common Agreement (First Wind Holdings Inc.)

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