Common use of AUTHORITY'S STEP-IN RIGHTS Clause in Contracts

AUTHORITY'S STEP-IN RIGHTS. 11.1 Authority’s Step-in Rights If: (a) the Authority reasonably considers that a breach by Project Co of any obligation under this Agreement or an Event: (1) is likely to create an immediate and serious threat to the health or safety of any School User, any property, the environment or the reputation, integrity of, or public confidence in, the Schools or any operations related to the Schools; or (2) is prejudicial to the ability to carry on Authority Activities and the Intended Uses to a material degree; or (b) Project Co accumulates Deductions of:

AUTHORITY'S STEP-IN RIGHTS. 11.1 Authority’s Step-in Rights Rights‌ If: (a) the Authority reasonably considers that a breach by Project Co of any obligation under this Agreement or an Event: (1i) is likely to create an immediate and serious threat to the health or safety of any School UserInmate and Facility Administrator, any property, the environment or the reputation, integrity of, or public confidence in, the Schools Facility or any operations related to the SchoolsFacility; or (2ii) is prejudicial to the ability to carry on Authority Activities and the Intended Uses to a material degree; or or‌ (b) Project Co accumulates Deductions of:

AUTHORITY'S STEP-IN RIGHTS. 11.1 Authority’s Step-in Rights If: (a) the Authority reasonably considers that a breach by Project Co of any obligation under this Agreement or an Event: (1) is likely to create an immediate and serious threat to the health or safety of any School Facility User, any property, the environment or the reputation, integrity of, or public confidence in, the Schools Facility or any operations related to the SchoolsFacility; or (2) is prejudicial to the ability to carry on Authority Activities and the Intended Uses to a material degree; or (b) Project Co accumulates Deductions of: