Termination for Developer Default. No Compensation Developer will not be entitled to any compensation where Developer terminates beyond its express termination rights, or is terminated for bankruptcy/insolvency, failure to achieve Financial Close which is not excused or the inability of Collateral Agent to obtain possession of the Project within a prescribed period where it has entered into New Agreements.
Appears in 2 contracts
Sources: Toll Concession Public Private Partnership Agreement, Public Private Partnership Agreement