63.3  Exception

63.3.1  The provisions of clause 63.3.2 do not apply to the grant of any security for any loan made to the Contractor under the Financing Agreements.

63.3.2  Subject to clause 28.2 (Management Agreements), nothing in this Agreement shall prohibit the Contractor from providing or procuring the provision of the [Initial Refurbishment] Works or the Services from a Sub-Contractor having the legal capacity, power and authority to become a party to and perform the obligations of the relevant Sub-Contract and employing persons having the appropriate qualifications, experience and technical competence and having the resources available to it which are sufficient to enable it to perform the obligations of the Sub-Contractor under the relevant Sub-Contract and whose identity has been notified to the Authority (and who the Authority has approved, such approval not to be unreasonably withheld, and to be given (or withheld) within twenty (20) Business Days of notice) prior to the appointment of such Sub-Contractor, provided that the Contractor shall remain primarily and directly liable for the Contractor's obligations under this Agreement.  By entering into this Agreement, the Authority approves the Sub-Contractors appointed by the Contractor as at the Commencement Date.