Consent to Novation. If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Material Project Contractor's consent to the novation will be deemed to have been given. If the Proposed Substitute is not the Authority, a novation in accordance with a Proposed Novation Notice will only be effective if the Material Project Contractor consents to that novation in writing in accordance with Section 4.3 and the Authority will (as soon as practicable) supply the Material Project Contractor with the following information:
Appears in 4 contracts
Samples: Project Contractor Collateral Agreement, Project Contractor Collateral Agreement, Project Contractor Collateral Agreement
