Replacement Contractor definition
Examples of Replacement Contractor in a sentence
The commencement of an Insolvency Proceeding against any Borrower Entity or any Major Project Participant and such proceeding continues undismissed for thirty (30) days; provided, that in the case of a Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (i) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.
The dissolution of any Borrower Entity or any Major Project Participant; provided, that in the case of any such Major Project Participant that is party to a Replaceable Contract, no Event of Default shall occur under this clause (iii) to the extent that the Borrower has replaced such Major Project Participant with a Replacement Contractor in accordance with the Replacement Contract Conditions.