Common use of Paragraph 2 Clause in Contracts

Paragraph 2. Unless agreed by the parties, a novation to a vehicle controlled by the Senior Funders under the Funders’ Direct Agreement should not on its own be sufficient to constitute a Liquid Market. It is important to note that once the Liquid Market process has been embarked upon then if no bids are received, the process must be followed to conclusion and the Authority cannot switch to the alternate process after this date. Paragraph