Common use of Designated Entities Clause in Contracts

Designated Entities. The Parties acknowledge that, on the date hereof, the Designated Entities in respect of TransCanada Corporation are TransCanada Energy Management Inc. and TransCanada Energy Investments Ltd., and the Designated Entity in respect of OMERS Administration Corporation is BPC Generation Infrastructure Trust. A Designated Entity designated by a TopCo shall cease to be a Designated Entity in respect of such TopCo and shall become a Non- Designated Entity at the time that such TopCo, in its sole and absolute discretion, delivers notice in writing to such effect to the Counterparty; provided, however, that such a notice shall not reduce the amount payable in respect of a Refinancing Payment otherwise determined hereunder in respect of Refinancings occurring prior to the effective date of such notice.