Operator Undertakings Sample Clauses

Operator Undertakings. The Operator undertakes with the Authority that for so long as this Agreement remains in force:- 4.2.1 it will upon becoming aware that the same may be threatened or pending and immediately after the commencement thereof (or within twenty (20) Business Days of becoming aware the same may be threatened or pending or within twenty (20) Business Days after the commencement thereof where the litigation or arbitration or administrative or adjudication or mediation proceedings is against a Sub-Contractor) give the Authority notice of all litigation, arbitration, administrative or adjudication or mediation proceedings before or of any court, arbitrator or Relevant Authority which would adversely affect, to an extent which is material in the context of the Project, the Operator’s ability to perform its obligations under this Agreement; 4.2.2 it will not without the prior written consent of the Authority (such consent not to be unreasonably withheld or delayed) (and whether by a single transaction or by a series of transactions whether related or not) sell, transfer, lend or otherwise dispose of (other than by way of security) the whole or any part of its business or assets which would materially affect the ability of the Operator to perform its obligations under this Agreement; 4.2.3 it will not cease to be resident in the United Kingdom or transfer in whole or in part its undertaking, business or trade outside the United Kingdom; 4.2.4 it will not undertake the performance of its obligations under this Agreement for the provision of the Services otherwise than through itself or a Sub-Contractor.

Operator Undertakings