Common use of Approval of Suitable Substitute Contractor Clause in Contracts

Approval of Suitable Substitute Contractor. In connection with the assignment to a Suitable Substitute Contractor under Section 2.8 or an assignment to a Suitable Substitute Contractor pursuant to Section 2.12, the Lender will deliver all information reasonably required by the Province to determine whether the proposed transferee is a Suitable Substitute Contractor. The Province will advise the Lender within ten Business Days from its receipt of the information referred to above whether it accepts a proposed transferee as a Suitable Substitute Contractor. If the Province fails to respond within such ten Business Days, the Province will be deemed to have accepted the Suitable Substitute Contractor. The Province acknowledges and agrees that it will not be reasonable for the Province to withhold its consent if a proposed Suitable Substitute Contractor has the financial capability, reputation, expertise, resources and abilities necessary to perform the obligations of the Contractor under the DBFO Agreement.

Approval of Suitable Substitute Contractor. In connection with the assignment to a Suitable Substitute Contractor under Section 2.8 or an assignment to a Suitable Substitute Contractor pursuant to Section 2.12, the Lender will deliver all information reasonably required by the Province to determine whether the proposed transferee is a Suitable Substitute Contractor. The Province will advise the Lender within ten Business Days from its receipt of the information referred to above whether it accepts a proposed transferee as a Suitable Substitute Contractor. If the Province fails to respond within such ten Business Days, the Province will be deemed to have accepted the Suitable Substitute Contractor. The Province acknowledges and agrees that it will not be reasonable for the Province to withhold its consent if a proposed Suitable Substitute Contractor has the financial capability, reputation, expertise, resources and abilities necessary to perform the obligations of the Contractor under the DBFO DBFM Agreement.

Approval of Suitable Substitute Contractor. In connection with the assignment to a Suitable Substitute Contractor under Section section 2.8 or an assignment to a Suitable Substitute Contractor pursuant to Section section 2.12, the Lender will deliver all information reasonably required by the Province to determine whether the proposed transferee is a Suitable Substitute Contractor. The Province will advise the Lender within ten Business Days from its receipt of the information referred to above whether it accepts a proposed transferee as a Suitable Substitute Contractor. If the Province fails to respond within such ten Business Days, the Province will be deemed to have accepted the Suitable Substitute Contractor. The Province acknowledges and agrees that it will not be reasonable for the Province to withhold its consent if a proposed Suitable Substitute Contractor has the financial capability, reputation, expertise, resources and abilities necessary to perform the obligations of the Contractor under the DBFO Agreement.