(a) Other than a Permitted Security Interest, or where a replacement private party has been appointed by a financier in accordance with the requirements of the funder's direct agreement, the private party must not dispose of any of its rights or interests in the project agreement, or other agreements to which government is a party, without obtaining government's prior consent (to be provided at its discretion). Failure to obtain such consent will be a Default Termination Event.150
(b) Depending on the nature of the project, this restriction may also extend to the private party procuring that specified major sub-contractors do not dispose of their interest in the relevant sub-contract.
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