Examples of Proposed Novation Notice in a sentence
If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Material Project Contractor's consent to the novation will be deemed to have been given.
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.
Information for Consent to Novation If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Contractor's consent to the novation shall be deemed to have been given automatically.
The Construction Contractor shall notify the Authority in writing, within [ five (5)] Business Days of the later of receipt of a Proposed Novation Notice and all information required under Clause 4.2 (Information for Consent to Novation), as to whether or not it has decided to grant such consent (together with an explanation of its reasons if it has decided to withhold its consent).
The Service Provider shall notify the Authority in writing, within [five (5)] Business Days of the later of receipt of a Proposed Novation Notice and all information required under Clause 4.2 (Information for Consent to Novation), as to whether or not it has decided to grant such consent (together with an explanation of its reasons if it has decided to withhold its consent).
Information for Consent to Novation If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Construction Contractor's consent to the novation shall be deemed to have been given automatically.
The Contractor shall notify the Authority in writing, within [five (5)] Business Days of the later of receipt of a Proposed Novation Notice and all information required under Clause 4.2 (Information for Consent to Novation), as to whether or not it has decided to grant such consent (together with an explanation of its reasons if it has decided to withhold its consent).
A novation in accordance with a Proposed Novation Notice will only be effective if the Province consents to that novation in writing in accordance with Section 5.3 [Grant of Consent].
For greater certainty, if a Proposed Novation Notice is served during the StepIn Period and the Province does not consent to the proposed novation or any required approval of the Lieutenant Governor in Council is not obtained, the StepIn Period will continue (subject to the terms of this Agreement) as extended by any period of dispute resolution which occurs during such StepIn Period.
Service of a Proposed Novation Notice during the Step-In Period and the Construction Contractor’s refusal to consent to that Proposed Novation Notice shall not affect the duration of the Step-In Period.