Common use of Replacement of Key Contractors Clause in Contracts

Replacement of Key Contractors. 18.4.1 Nothing in this Agreement shall prohibit Developer from providing or procuring the provision of the Works from any Key Contractor that Developer demonstrates to the reasonable satisfaction of the Authority has the legal capacity, power and authority to become a party to and perform the obligations of the relevant Key Contract and employs persons having appropriate qualifications, experience, integrity and technical competence and has the resources available to it, which are sufficient to enable it to perform the obligations of the Key Contractor under the relevant Key Contract, and otherwise comply with the requirements of this Agreement. By entering into this Agreement, the Authority approves each of the Key Contractors appointed by Developer as at the date of this Agreement. 18.4.2 Developer shall not enter into any D&C Contract without first delivering to the Authority a D&C Direct Agreement duly executed by Developer and the relevant D&C Contractor.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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