Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period: (a) the rights of the Province against the Appointed Representative and the rights of the Appointed Representative against the Province will be cancelled; and (b) the Province will no longer deal with the Appointed Representative and will deal with Project Co in connection with the Project Agreement.
Appears in 1 contract
Sources: Lenders’ Remedies Agreement
Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period:
(a) the rights of the Province as against the Appointed Representative and the rights of the Appointed Representative as against the Province will Province, in each case arising prior to such termination or expiry, shall be cancelledcancelled and the Appointed Representative shall be released from the obligations and liabilities assumed by it hereunder; and
(b) the Province will shall no longer deal with the Appointed Representative and will shall deal with Project Co in connection with the Project Agreement and any other Province Project Document (other than this Agreement) and the Provincial Payment Guarantee.
Appears in 1 contract
Sources: Lenders’ Remedies Agreement
Expiry of Step-In Period. Upon the termination or expiry of the Step-In Period:
(a) the rights of the Province as against the Appointed Representative and the rights of the Appointed Representative as against the Province will Province, in each case arising prior to such termination or expiry, shall be cancelledcancelled and the Appointed Representative shall be released from the obligations and liabilities assumed by it hereunder; and
(b) the Province will shall no longer deal with the Appointed Representative and will shall deal with Project Co in connection with the Project Agreement and any other Province Project Document (other than this Agreement).
Appears in 1 contract
Sources: Lenders’ Remedies Agreement