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

  • Insurance and Step-in Rights Insurances required The Provider is to hold and maintain the insurance policies at (or greater than) the specified levels of cover required and approved by the Regulatory Authority.

  • HUD Step-in Rights HUD has Step-in Rights as set out in Schedule 3.

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
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 is defined in Section 8.4.2.
Step-In Rights means the rights exercisable by the Operator pursuant to clause 12.
Step-In Rights has the meaning given in Clause 4.5 and 6.3.
Step-In Rights means the rights of a Step-in Party to exercise the powers under Clause 29, referred to in Clause 29.1.