Common use of Effects of Termination of the Lead Council Clause in Contracts

Effects of Termination of the Lead Council. The Councils acknowledge and agree that if the Lead Council (or any subsequent lead council) is terminated in accordance with the provisions of Clause 2.3 (Termination of Participation of a Partner Council or Lead Council), then the Lead Council (or any subsequent lead council), shall, prior to their termination from the Project:- 2.4.1 novate each of the Contract Documents (including but not limited to the Project Agreement, Independent Certifiers' Appointment, Parent Company Guarantee) to the new lead council as selected by the remaining Councils; and 2.4.2 comply with the obligations set out at Clause 11.2.

Appears in 4 contracts

Samples: Inter Authority Agreement, Inter Authority Agreement, Inter Authority Agreement

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