Step In definition

Step In has the meaning given to it in clause 43.1 (Step-In).
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Step In means the exercise of the rights exercisable by the Guarantor or the Step-In Representative pursuant to a Step-In Notice;
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Step In means the option exercised by the Trust in accordance with Clause 4.1
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Examples of Step In in a sentence

  • Should the Authority be of the view, acting reasonably, that the Supplier can no longer provide the Services, then without prejudice to the Authority’s rights and remedies under this Contract, the Authority shall be entitled to exercise its Step In Rights if the Key Provisions refer to the Authority having such rights under this Contract.

  • Authority step-in rights (only applicable to the Contract if this box is checked and the Schedule inserted) If the Supplier is unable to provide the Services then the Authority shall be entitled to exercise Step In Rights set out in Schedule [insert schedule number].

  • PacifiCorp may, at any time, terminate its exercise of the Step- In Rights whether or not the applicable event has been cured.

  • Rule IV - Section 21, IRR of RA 10531 empowers NEA to exercise its Step- In Rights over an ailing EC by appointing or assigning a PS or PS/AGM or assigning third persons to the Board of EC until the NEA decides that the election of a new Board of Directors to lead the EC is necessary.

  • If the Contractor fails to reimburse the Department within 30 days of receipt of a demand from the Department for payment of Step- In Costs, the Department is entitled to set off such Step-In Costs against a subsequent invoice.


More Definitions of Step In

Step In means the action taken by the Authority to remedy or secure the remedy of a Step In Event or Emergency;
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Step In has the meaning given to that term in paragraph 2(a).
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Step In has the meaning set forth in Section 21.05(1).
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Step In means that GECC (or its applicable Affiliate), at its option, may take control of that part of the third-party’s services which adversely impact services delivered to GECC and, in doing so, may take such other action as is reasonably necessary to restore such service to GECC, including engaging another third-party service provider.
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Step In has the meaning given in Clause 17.19(a).
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Step In means the actions which the DCLG shall take by way of intervention pursuant to Clause 51.2.
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Step In means, in relation with any and all of the Italian SPV’s, the right for Holder, by sending a written step-in notice signed by the Investor Majority to the Company, to exercise, to the fullest extent permitted under the applicable law, in the place and stead of the shareholders and/or management of each of the Italian SPVs, any and all rights and remedies of Provider under this Agreement in accordance with the terms of this Agreement.
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