LIFECYCLE REPLACEMENT. 24.1 Project Co shall undertake Lifecycle Replacement at the Facilities in accordance with a Lifecycle Schedule which has been approved or not commented on by the Authority under the Review Procedure. 24.2 No later than forty (40) Business Days before each occasion on which any part of the Facilities is due for replacement (as identified in the Lifecycle Schedule), where Project Co does not believe it is necessary to undertake such replacement, Project Co shall submit to the Authority (under the Review Procedure) a written statement detailing: 24.2.1 the replacement(s) which the Lifecycle Schedule records as being due; and 24.2.2 why Project Co does not believe it is necessary to undertake such replacement having regard to the condition of the relevant part and Project Co's obligations under this Agreement. 24.3 If the Authority approves in accordance with the Review Procedure (or it is determined in accordance with the Dispute Resolution Procedure) that the replacement should be deferred, Project Co shall amend the Lifecycle Schedule to reflect such deferral.
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Sources: Template Mim Education Project Agreement, Template Mim Education Project Agreement, Template Mim Education Project Agreement