Examples of Step-In Date in a sentence
On the Step-In Date, the Appointed Representative will assume jointly and severally with Project Co the rights of Project Co under the Project Agreement, which rights are conditional on and may be exercised subject to performance of Project Co’s obligations under the Project Agreement.
A Termination Notice can be revoked by notice to the Agent (a “Revocation of Termination Notice”) by the Province’s Representative given prior to the earlier of: (a) the Step-In Date; and (b) the proposed Termination Date set out in the Termination Notice.
On the Step-In Date, the Appointed Representative shall assume jointly and severally with Project Co the rights of Project Co under the Project Agreement, which rights are conditional on and may be exercised subject to performance of Project Co’s obligations under the Project Agreement.
Not less than 2 Business Days prior to the Proposed Step-In Date, the Design-Builder will give notice to the Authority of any change in such sums, obligations or liabilities referred to in Section 3.3.
HPTE may give any number of Step-In Notices or Novation Notices and may withdraw any such notice at any time prior to the applicable Step-In Date or Novation Date.