Common use of Proposed Substitute Clause in Contracts

Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-In Notice) or at any time during the Step-in Period the Authority may give notice (a "Proposed Novation Notice") to the Construction Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of hubco under the Construction Contract and specifying a date (the "Proposed Novation Date"): falling not later than [ fifteen (15)] Business Days after termination of the Design & Build Development Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.1; and falling not later than [ twenty eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period,

Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-In in Notice) or at any time during the Step-in Period the Authority may give notice (copied to the Security Trustee) (a "Proposed Novation Notice") to the Construction Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of Sub-hubco under the Construction Contract and specifying a date (the "Proposed Novation Date"): falling not later than [ [fifteen (15)] Business Days after termination of the Design & Build Development Finance and Maintain Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.13.1 (Step-in Notice); and falling not later than [ twenty [twenty-eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period,.

Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-In in Notice) or at any time during the Step-in Period the Authority may give notice (copied to the Security Trustee) (a "Proposed Novation Notice") to the Construction Contractor Service Provider that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of Sub-hubco under the Construction Service Contract and specifying a date (the "Proposed Novation Date"): falling not later than [ [fifteen (15)] Business Days after termination of the Design & Build Development Finance and Maintain Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.13.1 (Step-in Notice); and falling not later than [ twenty [twenty-eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period,.

Proposed Substitute. At any time that the Authority is entitled to give a Step-in Notice pursuant to Clause 3.1 (Step-In Notice) or at any time during the Step-in Period the Authority may give notice (a "Proposed Novation Notice") to the Construction Contractor that it wishes itself or another person (a "Proposed Substitute") to assume, by way of sale, transfer or other disposal, the rights and obligations of hubco under the Construction Contract and specifying a date (the "Proposed Novation Date"): falling not later than [ fifteen (15)] Business Days after termination of the Design & Build Only Development Agreement where this has been terminated by the Authority; falling not later than the expiry of the Termination Notice where a Proposed Novation Notice is given by the Authority at a time when it is entitled to give a Step-in Notice pursuant to Clause 3.1; and falling not later than [ twenty eight (28)] Business Days after the date of the Proposed Novation Notice, where a Proposed Novation Notice is given during a Step-in Period,