BC HYDRO’S RIGHTS TO DIRECT Sample Clauses

BC HYDRO’S RIGHTS TO DIRECT. (a) Until the occurrence of (i) an obligation of Project Co for payment of, or an assignment of, the Insurance Proceeds to BC Hydro in accordance with the Project Agreement (a “Change of Authorization Event”), and (ii) receipt by Project Co of any amounts to which it is entitled pursuant to Schedule 22 [Compensation on Termination] to the Project Agreement, BC Hydro shall, subject to Sections 3 and 4 of this Insurance Trust Agreement, have the exclusive right to direct the Insurance Trustee with respect to the Insurance Trust Account, the Insurance Policies and the Insurance Proceeds. Nothing in this Section 7(a) shall modify the Project Agreement, including Schedule 22 [Compensation on Termination].
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