Step-In Period definition

Step-In Period means the period from the Step-In Date up to and including the Step-Out Date.

Step-In Period means the period commencing on the Step-in Date and ending on the earliest of:

Step-In Period means, subject to Section 4.3, the period from the Step-In Date up to and including the earliest of:

Examples of Step-In Period in a sentence

• During the Step-In Period, the Authority will deal with the Appointed Representative and not Project Co. No Appointed Representative will be liable to the Authority or Project Co for any liabilities or obligations of Project Co. An Appointed Representative who is also an Insolvency Officer will not, and will not be required to, assume or have any personal liability for any liabilities or obligations of Project Co.

• Project Co will remain liable for any unpaid amounts due and payable to the Authority by Project Co under the Project Agreement provided that Project Co will not be required to discharge such liability during the Step-In Period.

• NICTD as operator will collect and deposit farebox and any other revenues, including taxes, into the system revenue account (or similar account), except in the event IFA exercises Operations Step-In Rights under Section 11.9.1, in which case IFA shall have the authority to set fare policy and right to collect farebox and any other revenues during such Operations Step-In Period.

• During the Step-In Period, the Authority will deal with the Appointed Representative and not Project Co. No Appointed Representative will be liable to the Authority or Project Co for any liabilities or obligations of Project Co. For certainty, an Appointed Representative who is also an Insolvency Officer will not, and will not be required to, assume or have any personal liability for any liabilities or obligations of Project Co.

• In the Step-In Period, the Senior Lender may procure that the default stated in the Termination Notice is cured, and upon the curing of the default, the Concessioning Authority shall withdraw its Termination Notice and grant permission to the Concessionaire to resume its work under the Concession Agreement.

More Definitions of Step-In Period

Step-In Period means the period commencing on the Step-in Date and ending on the earliest of: the date of the first anniversary of the Step-in Date (but subject always to Clause 4.7 (Extension of Step-in Period)); the Step-out Date; the Novation Effective Date; and termination of the Service Contract under Clause 3.3 (

Step-In Period means the period of time during which the Operator exercises its rights to take control of the Pathology Services in accordance with clause 12.1 of this Agreement.

Step-In Period means the period from the Step–In Date up to and including the earlier of:

Step-In Period has the meaning as set out in Section 9.6.5;

Step-In Period means the period from the Step-In Date up to and including the earlier of: the Step-Out Date; the date of any transfer under paragraph 118 (Novation); the date of any termination for breach under paragraph 116 (Step-In Period); and the date of expiry of the Design Build Finance and Maintain Agreement;

Step-In Period has the meaning given in Schedule 4 – Lenders’ Direct Agreement.

Step-In Period has the meaning set forth in Section 25(d). “Successor Guarantor” has the meaning set forth in Section 18. “Successor Guaranty” has the meaning set forth in Section 18. “SUM” has the meaning set forth in Section 25(a)(iii). “Taking” has the meaning set forth in Section 22(a).