Common use of STEP-IN RIGHTS UNDER MATERIAL CONTRACTS Clause in Contracts

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4, notwithstanding any provision in any Material Project Contractor Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Project Contractor Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Project Contractor Collateral Agreement), or to transfer or assign a Material Contract, unless:

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4Section 9.3 [Release of Security], notwithstanding any provision in any Material Project Contractor Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Project Contractor Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforceassume) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Project Contractor Collateral Agreement), or to transfer or assign a Material Contract, unless:

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4Section 9.3, notwithstanding any provision in any Material Project Contractor Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Project Contractor Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Project Contractor Collateral Agreement), or to transfer or assign a Material Contract, unless: