Common use of Consequences of Substitution Clause in Contracts

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and the Department will not be entitled to terminate the Comprehensive Agreement and this Agreement by virtue of any act, omission or circumstance that occurred prior to such Substitution Effective Date; (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and effect, however, the Department will not be entitled to terminate the Comprehensive Agreement Second ARCA and this Agreement by virtue of based on any act, omission omission, or circumstance that occurred prior to such Substitution Effective Date;; and (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement Second ARCA and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) and the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer Concessionaire will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and effect, however, the Department will not be entitled to terminate the Comprehensive Agreement and this Agreement by virtue of based on any act, omission omission, or circumstance that occurred prior to such Substitution Effective Date;; and (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) and the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer Concessionaire will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and the Department will not be entitled to terminate the Comprehensive Agreement Second ARCA and this Agreement by virtue of any act, omission or circumstance that occurred prior to such Substitution Effective Date; (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement Second ARCA and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer Concessionaire will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section S ection 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and effect, however, the Department will not be entitled to terminate the Comprehensive Agreement Second ARCA and this Agreement by virtue of based on any act, omission omission, or circumstance that occurred prior to such Substitution Effective Date;; and (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement Second ARCA and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) and the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer Concessionaire will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will be of no further effect and the Department will not be entitled to terminate the Comprehensive Agreement and this Agreement by virtue of any act, omission or circumstance that occurred prior to such Substitution Effective Date; (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement and this Agreement on the Substitution Effective Date, such Step-in Entity will cease to be a party thereto and hereto and will be discharged from all obligations thereunder and hereunder; and (c) the Department will enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer Concessionaire will be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will shall be of no further effect and the Department will Authority shall not be entitled to terminate the Comprehensive Project Agreement and this Agreement by virtue of any act, omission or circumstance that occurred prior to such Substitution Effective Date; (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Project Agreement and this Agreement on the Substitution Effective Date, such Step-in Entity will shall cease to be a party thereto and hereto and will shall be discharged from all obligations thereunder and hereunder; and (c) the Department will Authority shall enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer will shall be replaced as a party by the Substitute.

Consequences of Substitution. On and from the Substitution Effective Date: (a) subject to Section 6.04, any right of termination or any other right suspended by virtue of Section 3.01 will shall be of no further effect and the Department will shall not be entitled to terminate the Comprehensive Agreement and this Agreement by virtue of any act, omission or circumstance that occurred prior to such Substitution Effective Date; (b) if any Step-in Entity is a party to or has any obligations under the Comprehensive Agreement and this Agreement on the Substitution Effective Date, such Step-in Entity will shall cease to be a party thereto and hereto and will shall be discharged from all obligations thereunder and hereunder; and (c) the Department will shall enter into an equivalent direct agreement on substantially the same terms as this Agreement, save that the Developer will Concessionaire shall be replaced as a party by the Substitute.