Common use of Transfer of Functions Clause in Contracts

Transfer of Functions. (a) The Operator acknowledges that TfNSW may be reconstituted, renamed or replaced and that some or all of the Powers of TfNSW may be transferred to or vested in another Governmental Agency. (b) If TfNSW is reconstituted, renamed or replaced or if some or all of TfNSW’s Powers are transferred to or vested in another Governmental Agency, references in the Transaction Documents to TfNSW must be deemed to refer, as applicable, to that reconstituted, renamed or new entity to the extent that the entity has assumed or has had transferred to it or vested in it those Powers.

Transfer of Functions. (a) The Operator acknowledges that TfNSW may be reconstituted, renamed or replaced and that some or all of the Powers of TfNSW may be transferred to or vested in another Governmental Agencyentity. (b) If TfNSW is reconstituted, renamed or replaced or if some or all of TfNSW’s 's Powers are transferred to or vested in another Governmental Agencyentity, references in the Transaction Documents this Contract to TfNSW must be deemed to refer, as applicable, to that reconstituted, renamed or new entity to the extent that the entity has assumed or has had transferred to it or vested in it those Powers. (c) For the purposes of this clause 1.7, another entity means a Government Authority or any subsidiary or related entity of TfNSW or any Government Authority.