Step-In Rights definition

Step-In Rights means the step in rights, if any, referred to in the Key Provisions;
Step-In Rights means PacifiCorp’s rights under Section 11.8.

Examples of Step-In Rights in a sentence

  • The Authority shall, subject to Clause 38.15, be fully indemnified and held harmless by the Contractor whilst it is acting as agent for the Contractor in accordance with the terms of this Contract in respect of all reasonable costs and expenses incurred and Losses suffered in exercising the Step-in Rights provided that the Authority uses its reasonable endeavours to mitigate such Losses.

  • Section 21.4 Cessation of Step-in Rights (A) MDOT may, at any time, cease to exercise its Step-In Rights on 5 Business Days’ Notice to Project Company provided that where the Step-in Event was not the result of a Project Company Default or was not caused by Project Company Fault, MDOT may not exercise its Step-In Rights for longer than, in MDOT’s good faith discretion, is necessary to cure or resolve the Step-In Event.

  • Section 21.7 No Claim Against MDOT Except as otherwise expressly provided under this Agreement, MDOT will have no Liability and Project Company is not entitled to make any Claim against MDOT or any MDOT Person for any Liability in connection with MDOT exercising its Step-in Rights or suspension rights under Section 21.6.


More Definitions of Step-In Rights

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 shall have the meaning set forth in Section 12.5.
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 shall have the meaning set forth in Section 13.02(d).
Step-In Rights means PacifiCorp’s rights under Section 11.9.