4.2  Information for Consent to Novation

If the Proposed Novation Notice specifies the Authority as the Proposed Substitute, the Services Contractor's consent to the novation shall be deemed to have been given automatically. Where the Proposed Substitute is not the Authority, a novation in accordance with a Proposed Novation Notice shall only be effective if the Services Contractor consents to that novation in writing in accordance with clause 4.3 and the Authority shall (as soon as practicable) supply the Services Contractor with the following information:

(a)  the name and registered address of the Proposed Substitute;

(b)  the names of the shareholders in the Proposed Substitute and the share capital owned by each of them;

(c)  the names of the directors and the secretary of the Proposed Substitute;

(d)  details of the means by which it is proposed to finance the Proposed Substitute (including the extent to which such finance is committed and any conditions precedent as to its availability for drawing); and

(e)  the resources (including contractual arrangements) which are to be available to the Proposed Substitute to enable it to perform its obligations under the Services Contract.