Common use of Novation to Wales Infrastructure Manager of Last Resort Limited Clause in Contracts

Novation to Wales Infrastructure Manager of Last Resort Limited. To the extent approved by XXX following consultation with the other party, and subject to the conditions (if any) of XXX'x approval, the CVL IM shall be entitled to novate or otherwise transfer in full all of its rights and obligations under this contract, without the consent of the Train Operator, to the company Wales Infrastructure Manager of Last Resort Limited (England and Wales company number 12213395) or to such other Infrastructure Manager as the Welsh Ministers may direct: (a) immediately prior to any expiry or termination of the Infrastructure Agreement; or (b) where the CVL IM ceases to be the infrastructure manager of the CVL. If the CVL IM exercises its rights under this clause then the Train Operator shall fully co-operate with the CVL IM to achieve such novation or transfer, including by promptly entering into any other documents reasonably requested by the CVL IM in relation to the exercise of such rights.

Novation to Wales Infrastructure Manager of Last Resort Limited. To the extent approved by XXX following consultation with the other party, and subject to the conditions (if any) of XXX'x approval, the CVL IM shall be entitled to novate or otherwise transfer in full all of its rights and obligations under this contract, without the consent of the Train Operator, to the company Wales Infrastructure Manager of Last Resort Limited (England and Wales company number 12213395) or to such other Infrastructure Manager as the Welsh Ministers may direct: (a) : immediately prior to any expiry or termination of the Infrastructure Agreement; or (b) or where the CVL IM ceases to be the infrastructure manager of the CVL. If the CVL IM exercises its rights under this clause then the Train Operator shall fully co-operate with the CVL IM to achieve such novation or transfer, including by promptly entering into any other documents reasonably requested by the CVL IM in relation to the exercise of such rights.. Payments, interest and VAT