Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Section 3.1 or at any time during the Step-in Period, the Authority may give notice (a "Proposed Transfer Notice") to the Material Project Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Project Co under the Material Contract and specifying a date (the "Proposed Transfer Date"):
Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-In Notice) or at any time during the Step-in Period the Authority may give notice (a "Proposed Novation Notice") to the Construction Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of hubco under the Construction Contract and specifying a date (the "Proposed Novation Date"): falling not later than [ fifteen (15)] Business Days after termination of the Design & Build Development Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.1; and falling not later than [ twenty eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period,
Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-in Notice) or at any time during the Step-in Period the Authority may give notice (copied to the Security Trustee) (a "Proposed Novation Notice") to the Service Provider that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of DBFM Co under the Service Contract and specifying a date (the "Proposed Novation Date"): falling not later than [fifteen (15)] Business Days after termination of the Design Build Finance and Maintain Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-in Notice); and falling not later than [twenty-eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period. Save as provided in Clause 4.4 (Consent withheld), only one Proposed Novation Notice may be given during the period of this Agreement. Without prejudice to Clauses 3.3 (Restriction of Right of Termination) and 5.1 (Rights of Termination), the Service Provider shall not be entitled to terminate the Service Contract during the notice period specified in a Proposed Novation Notice. Information for Consent to Novation If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Service Provider's consent to the novation shall be deemed to have been given automatically. Where the Proposed Substitute is not the Authority, a novation in accordance with a Proposed Novation Notice shall only be effective if the Service Provider consents to that novation in writing in accordance with Clause 4.3 (Grant of Consent) and the Authority shall (as soon as practicable) supply the Service Provider with the following information (copied to the Security Trustee): the name and registered address of the Proposed Substitute; the names of the shareholders in the Proposed Substitute and the share capital owned by each of them; the names of the directors and the secretary of the Proposed Substitute; details of the means by which it is proposed to finance the Proposed Substitute (including the extent to which such finance is committed and any conditions precedent as to its availability for drawing); and the re...
Proposed Substitute. At any time that BC Hydro is entitled to give a Step-in Notice pursuant to Section 3.1 or at any time during the Step-in Period, BC Hydro may give notice (a “Proposed Transfer Notice”) to the Material Project Contractor that it wishes itself or another person (a “Proposed Substitute”) to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Project Co under the Material Contract and specifying a date (the“Proposed Transfer Date”):
Proposed Substitute. At any time that the City is entitled to give a Step-in Notice pursuant to Section 3.1 or at any time during the Step-in Period, the City may give notice (a "Proposed Transfer Notice") to the Project Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Project Co under the Project Contract and specifying a date (the "Proposed Transfer Date"):
Proposed Substitute. At any time that the Owner is entitled to give a Step-in Notice pursuant to Section 3.1 or at any time during the Step-in Period, the Owner may give notice (a "Proposed Transfer Notice") to the Design-Builder that it wishes itself or another Person (a "Proposed Substitute") to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Project Co under the Material Contract and specifying a date (the "Proposed Transfer Date"):
Proposed Substitute. (a) Where the Proposed Substitute is not the Crown or a Successor Governmental Entity, the Crown shall (as soon as practicable) supply the Major Sub-contractor with the following information:
Proposed Substitute. At any time that the Authority is entitled to give a Step-In Notice pursuant to Section 3.1 or at any time during the Step-In Period, the Authority may give notice (a “Proposed Transfer Notice”) to the Service Provider that it wishes itself or another person (a “Proposed Substitute”) to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Operations Co under the Services Contract and specifying a date (the “Proposed Transfer Date”):
Proposed Substitute. 6 4.2 Consent to Transfer................................................................................................................... 7
Proposed Substitute. At any time that the Province is entitled to give a Step-in Notice pursuant to Section 3.1 or at any time during the Step-in Period, the Province may give notice (a "Proposed Transfer Notice") to the Material Contract Party that it wishes itself or another Person (a "Proposed Substitute") to assume, by way of sale, assignment, transfer or other disposal, the rights and obligations of Project Co under the Material Contract and specifying a date (the "Proposed Transfer Date"):
