Substitution Certificate. (a) Subject to clause 16.5 (b), if a duly completed Substitution Certificate duly executed by the Existing Bank and the Substitute is delivered to and counter-signed by the Facility Agent (for itself and the other parties to this Agreement other than the Existing Bank), then on the Effective Date (as specified in that 80 - 79 - Substitution Certificate) to the extent that the Existing Bank's rights, benefits and obligations under the Finance Documents are expressed in such Substitution Certificate to be the subject of a novation in favour of the Substitute effected pursuant to this clause 16.5:
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Samples: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Tu Acquisitions PLC)
Substitution Certificate. (a) Subject to clause 16.5 16.6 (b)Reliance on Substitution Certificate) , if a duly completed Substitution Certificate duly executed by the Existing Bank and the Substitute is delivered to and counter-signed countersigned by the Facility Agent (for itself and the other parties to this Agreement other than the Existing Bank), then on the Effective Date (as specified in that 80 - 79 - Substitution Certificate) to the extent that the Existing Bank's rights, benefits and obligations under the Finance Documents are expressed in such Substitution Certificate to be the subject of a novation in favour of the Substitute effected pursuant to this clause 16.5:
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Substitution Certificate. (a) Subject to clause 16.5 16.6 (bReliance on Substitution Certificate), if a duly completed Substitution Certificate duly executed by the Existing Bank and the Substitute is delivered to and counter-signed countersigned by the Facility Agent (for itself and the other parties to this Agreement other than the Existing Bank), then on the Effective Date (as specified in that 80 - 79 - Substitution Certificate) to the extent that the Existing Bank's rights, benefits and obligations under the Finance Documents are expressed in such Substitution Certificate to be the subject of a novation in favour of the Substitute effected pursuant to this clause 16.5:
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