Changes to the Consortium Sample Clauses

Changes to the Consortium. ‌ 12.1 A Consortium Member shall be released as a Party to this Agreement where:‌ 12.1.1 a Deed of Release has been completed in accordance with the provisions of Clause 12.2 (Changes to the Consortium) below; and 12.1.2 either:‌ (a) following information supplied and/or representations made by the Consortium, Homes England is satisfied (acting reasonably) that the Consortium is capable of delivering the Capital Approved Bid and (if applicable) Revenue Approved Bid without the need for a change to it; or (b) any change to the Capital Approved Bid and (if applicable) Revenue Approved Bid as a result of the proposed withdrawal of the Outgoing Consortium Member requested by the Lead Partner does not materially and adversely affect the delivery of the Capital Approved Bid and (if applicable) Revenue Approved Bid and Homes England has given its prior written consent to such change, 12.2 Subject to the proviso in Clause 12.1.2 (Changes to the Consortium), on and from the date that the Outgoing Consortium Member provides to Homes England the Completion Authority and the Deed of Release duly executed by it and all other Consortium Members, the Outgoing Consortium Member shall no longer be a Party to this Agreement and for the avoidance of doubt, the Outgoing Consortium Member shall no longer be eligible to make a claim for or receive (via the Lead Partner or otherwise) any Funding.‌ 12.3 On and from the date that a New Consortium Member provides to Homes England the Completion Authority and the Deed of Adherence, duly executed by it and the other‌ Consortium Members, the New Consortium Member shall become a Party to this Agreement and be bound by the obligations of a Consortium Member as herein provided. 12.4 Where a New Consortium Member is an LA Provider, it must also provide a Legal Opinion to Homes England with the documents provided pursuant to Clause 12.3 (Changes to the Consortium) above.