Common use of Abandonment of Project Clause in Contracts

Abandonment of Project. Willfully and voluntarily abandon, suspend or cease the operation and maintenance activities at any Project for a continuous period of more than sixty (60) days (an “Event of Abandonment”); provided, however, that any such suspension or cessation that arises from an Event of Loss, a Requirement of Law, an event of force majeure, curtailment or failure to be dispatched, or other bona fide business reasons shall not constitute an Event of Abandonment, in each case, so long as the relevant Subsidiary is taking commercially reasonable actions to overcome or mitigate the effects of the cause of the suspension or cessation so that maintenance and/or operations, as the case may be, can be resumed.

Appears in 3 contracts

Sources: Credit Agreement (First Wind Holdings Inc.), Credit Agreement (First Wind Holdings Inc.), Credit Agreement (First Wind Holdings Inc.)