Common use of Substitution of the Authority Clause in Contracts

Substitution of the Authority. The Parties expressly agree that the Authority may, in pursuance of any re- organization or restructuring undertaken in pursuance of the Applicable Laws, substitute itself by any other public entity having the capacity to undertake and discharge the duties and obligations of the Authority and upon such substitution, all the functions, rights and obligations of the Authority under this Agreement shall be deemed to be transferred to the substituted entity in accordance with and subject to the Applicable Laws; provided, however, that, prior to any substitution hereunder, the Parties shall, on a best endeavor basis, make such arrangements and enter into such further agreements as may be necessary for performance of their respective obligations hereunder, including the rights and obligations arising out of the provisions of Clause 25.8.

Substitution of the Authority. The Parties expressly agree that the Authority may, in pursuance of any re- organization organisation or restructuring undertaken in pursuance of the Applicable Laws, substitute itself by any other public entity having the capacity to undertake and discharge State Transmission Utility or Distribution Licencee(s), as the duties and obligations of the Authority case may be and upon such substitution, all the functions, rights and obligations of the Authority under this Agreement shall be deemed to be transferred to the substituted entity in accordance with and subject to the Applicable Laws; provided, however, that, that prior to any substitution hereunder, the Parties shall, on a best endeavor endeavour basis, make such arrangements and enter into such further agreements as may be necessary for performance of their respective obligations hereunder, including the rights and obligations arising out of the provisions of Clause 25.8Article 27.