Common use of Novation of the Collection Contract Clause in Contracts

Novation of the Collection Contract. 3.4.1 The Replacement Administering Authority shall serve a Novation Notice on the Collection Contractor stating that it wishes to enjoy the rights and assume the obligations, liabilities and duties of the Administering Authority under the Collection Contract and specifying the Novation Date not to be less than 30 Business Days from the date of service of the Novation Notice.

Appears in 9 contracts

Samples: Authority Agreement, Authority Agreement, Authority Agreement

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