Step-Out. The Authority may, at any time, terminate the Step-in Period by giving the Material Project Contractor at least 30 days' notice specifying the date on which the Step-in Period will terminate (the "Step-out Date").
Step-Out. 5.1 Step-Out Notice The Agent or the Appointed Representative may at any time during the Step-In Period deliver to the Authority a Step-Out Notice which specifies the Step-Out Date.
Step-Out. (a) A Step-in Entity may, at any time, by giving not less than 30 Days’ prior written notice (“Step-out Notice”) to the Department, terminate its obligations to the Department under the Comprehensive Agreement and this Agreement, whereupon the Step-in Entity will, upon the expiry of such notice, no longer be deemed to be a party to the Comprehensive Agreement and this Agreement and, except as provided in Section 4.03(b), will be released from all obligations under the Comprehensive Agreement and this Agreement. The obligations of the Department to the Step-in Entity in such capacity under the Comprehensive Agreement and this Agreement will also terminate upon the expiry of such notice.
Step-Out. (a) The Lender may at any time during the Step-In Period deliver to the Province a Step-Out Notice which specifies the Step-Out Date.
Step-Out. (a) A Step-in Entity may, at any time, by giving not less than 30 Days’ prior written notice (“Step-out Notice”) to the Department, terminate its obligations to the Department under the Second ARCA and this Agreement, whereupon the Step-in Entity will, upon the expiry of such notice, no longer be deemed to be a party to the Second ARCA and this Agreement and, except as provided in Section 4.03(b), will be released from all obligations under the Second ARCA and this Agreement. The obligations of the Department to the Step-in Entity in such capacity under the Second ARCA and this Agreement will also terminate upon the expiry of such notice.
Step-Out. A Step-in Party may, at any time, by giving not less than 30 days' prior written notice (“Step-out Notice”) to the Department, terminate its obligations to the Department under this Direct Agreement respecting the event giving rise to the Step-in Notice, in which event such Step-in Party shall be released from all obligations under this Direct Agreement respecting the event giving rise to the Step-in Notice, except for any obligation or liability of the Step-in Party arising on or before the effective date set forth in the Step-out Notice. The obligations of the Department to the Step-in Party under this Direct Agreement respecting the event giving rise to the Step-in Notice shall also terminate upon the effective date set forth in the Step-out Notice. If the Step-in Party giving the Step-out Notice is a Substituted Entity that is not a Lender, then such Step-in Party shall be released from all obligations under this Direct Agreement arising from and after the effective date contained in the Step-out Notice and its relinquishment of possession and control of the Project.
Step-Out. (A) If HPI exercised its step-in rights in accordance with Section 27.1, HPI may elect to cease exercising its right to step-in at any time by giving notice to HPES (a “Step-Out Notice”).
Step-Out. 14.1 The Additional Obligor's obligation to the Contractor under the Relevant Documents shall terminate:
Step-Out. In the event that a Step In has occurred and the Authority determines that Services transferred to or taken on by it, or another person on its behalf, (“Step In Services”) shall be resumed by the Operator (a “Step Out”):
Step-Out. An Additional Obligor may, at any time, by giving not less than sixty days prior written notice to the Contractor terminate its obligations to the Contractor under the Construction Contract, in which event such Additional Obligor shall, upon the expiry of such notice, cease to be a party hereto and to the Construction Contract and shall be released from all obligations hereunder and under the Construction Contract except for any obligation which has arisen on or before the expiry of such notice. PART 5 NOVATION
