Common use of Project Co Remains Bound Clause in Contracts

Project Co Remains Bound. Subject to Section 6.4 [Terms of Transfer] of this Agreement, Project Co shall continue to be bound by the terms of the Project Agreement and any other Province Project Document (other than this Agreement) notwithstanding the delivery of an Indicative Notice, a Step-In Notice, a Step-Out Notice, the commencement of a Step-In Period, the occurrence of a Step-Out Date or any action by the Agent (in either or both of its capacities, including as Collateral Agent), Appointed Representative or the Senior Lenders or any provision of this Agreement. Project Co shall remain liable for any unpaid amounts due and payable to the Province by Project Co under the Project Agreement. Any notice, demand, request, consent, approval objection, agreement or other communication given, made or issued by the Province to the Appointed Representative in accordance with this Agreement during the Step-In Period shall be deemed simultaneously to have been given to Project Co.

Project Co Remains Bound. Subject to Section 6.4 [Terms of Transfer] of this Agreement, Project Co shall continue to be bound by the terms of the Project Agreement and any other Province Project Document (other than this Agreement) and the Provincial Payment Guarantee notwithstanding the delivery of an Indicative Notice, a Step-In Notice, a Step-Out Notice, the commencement of a Step-In Period, the occurrence of a Step-Out Date or any action by the Agent (in either or both of its capacities, including as Collateral Agent), Appointed Representative or the Senior Lenders or any provision of this Agreement. Project Co shall remain liable for any unpaid amounts due and payable to the Province by Project Co under the Project Agreement. Any notice, demand, request, consent, approval objection, agreement or other communication given, made or issued by the Province to the Appointed Representative in accordance with this Agreement during the Step-In Period shall be deemed simultaneously to have been given to Project Co.