Assignment by Province. The Province may assign and transfer all its rights and obligations under this Agreement only to a “Provincial corporation” (as that term is defined by the Financial Administration Act (Alberta)) that is a Crown agent such that the Province, as principal to that Crown agent, retains full legal responsibility for all obligations stated as obligations of the Province in this Agreement.
Appears in 4 contracts
Sources: Agreement to Design and Build, Design, Build, Finance and Operate Agreement, Design, Build, Finance and Operate Agreement
Assignment by Province. The Province may assign and transfer all its rights and obligations under this Agreement only to a “Provincial corporation” (as that term is defined by the Financial Administration Act (Alberta)) that is a Crown agent such that the Province, as principal to that Crown agent, retains full legal responsibility for all obligations stated as obligations of the Province in this Agreement.
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