Substitute Entity. 19.1. Upon the occurrence of an event entitling the Authority to terminate this Licence, and upon the expiry of the Remedy Period (in the event a Remedy Period is provided), or, where no Remedy Period is provided, upon the occurrence of such event, the Authority shall have the right at its sole discretion to license a substitute entity to conduct the Operations on its behalf. 19.2. Immediately following the licensing of a substitute entity, the Licensee shall make available its Operating equipment and assets for a period not exceeding 90 (ninety) days. The Operating equipment shall be used at the cost and risk of the substitute entity.
Appears in 2 contracts
Sources: PPP Agreement, PPP Agreement