Proposed Substitute definition

Proposed Substitute has the meaning set out in Section 4.1;

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Proposed Substitute has the meaning given in Clause 4.1 (Proposed Substitute);

Proposed Substitute has the meaning given in Clause 4.1 (Proposed Substitute) "Step-in Date" means the date of issue of the Step-in Undertaking

Examples of Proposed Substitute in a sentence

• If the Proposed Transfer Notice specifies the Authority as the Proposed Substitute, the Material Project Contractor's consent to the transfer will be deemed to have been given.

• Any such Proposed Substitute Future Project shall be located within the Geographic Area and, except as specifically noted in writing by Homestead, shall conform, to Homestead's then current knowledge, to the Prototypical Project requirements.

• Homestead may select a Proposed Substitute Future Project from its then contemplated Homestead Village projects which Homestead is considering pursuing or, if all such contemplated projects are then already included within the list of Future Projects under this Agreement, then Homestead may delay in identifying a Proposed Substitute Future Project until, in the ordinary course of its business, a new site for a contemplated Homestead Village project is identified within the Geographic Area.

• As at the date of the first anniversary of the Step-in Date, if the Step-in Period has not previously ended, and the Authority is in the course of conducting discussions in good faith with a Proposed Substitute, the Step-in Period will be extended and will continue until such date as is proposed by the Authority and agreed by the Material Project Contractor, acting reasonably.

• 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.

• 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.

• 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.

• Homestead agrees that for each Future Project rejected by Homestead pursuant to Section 2.3 (a "Rejected Project"), Homestead will propose to Atlantic in writing a proposed substitute future project (a "Proposed Substitute Future Project") to take the place of such Rejected Project.

• Homestead shall not, however, be obligated to identify a new potential Homestead Village site solely for the purposes of presenting to Atlantic a Proposed Substitute Future Project.

• PTR shall have a period of 20 Business Days after receipt of any such Proposed Substitute Project to approve or reject, in its sole and absolute discretion, any such proposal, and failure of PTR to provide Homestead with written notice within such 20-Business Day period shall be deemed a rejection by PTR of the subject Proposed Substitute Future Project.

More Definitions of Proposed Substitute

Proposed Substitute has the meaning given to it in the Direct Agreement.

Proposed Substitute shall have the meaning set out in Clause 4.2 of this Deed; “Step-In Notice” shall have the meaning set out in Clause 3.4 of this Deed;

Proposed Substitute has the meaning given in the Beneficiaries' Direct Agreement.

Proposed Substitute has the meaning set out in Section 4.1 [Proposed Substitute]; “Proposed Transfer Date” has the meaning set out in Section 4.1 [Proposed Substitute]; “Proposed Transfer Notice” has the meaning set out in Section 4.1 [Proposed Substitute]; “Step-in Date” means the date the City delivers the Step-in Undertaking;