Step-In Rights definition

Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

Step-In Rights means the step in rights, if any, referred to in the Key Provisions;

Step-In Rights shall have the meaning set forth in Section 12.5.

Examples of Step-In Rights in a sentence

• During any period that PacifiCorp is exercising its Step-In Rights, Seller shall retain legal title to and ownership of the Facility and all of its other property and its revenues.

• Volume 12.5+ increased by more than 16% over the attribute-adjusted volume in the High priority areas (Table 13, Appendix IV).

• In connection with its exercise of Step-In Rights, PacifiCorp shall have the right to recoup and set off all such losses, costs, charges and expenses against amounts otherwise owed by PacifiCorp hereunder.

• PacifiCorp shall not assume any liability of Seller for the period during which PacifiCorp exercises its Step-In Rights.

• When exercising its Step-In Rights, PacifiCorp shall assume possession, operation, and control of the Facility solely as an agent for Seller.

More Definitions of Step-In Rights

Step-In Rights means PacifiCorp’s rights under Section 11.8.

Step-In Rights. Has the meaning set out in paragraph 4.1.6.4.

Step-In Rights is defined in Section 8.4.2.

Step-In Rights means the rights of the Debenture Trustee, without prejudice to any other rights or remedies available to the Debenture Trustee and the Debenture Holders under Applicable Law or under the Debenture Documents, and without being required to exercise or exhaust such rights or remedies, to enter upon and takeover the Project/Project sites and to take all such steps as are necessary for the continued operation and maintenance of the Project, including in relation to the debt servicing obligations of the Issuer in respect of its secured debt.

Step-In Rights means the rights exercisable by the Operator pursuant to clause 12.

Step-In Rights means the step-in rights, if any, referred to in the Key Provisions;

Step-In Rights means the rights of a Step-in Party to exercise the powers under Clause 29, referred to in Clause 29.1.