Examples of Preferred Investor in a sentence
Once the Tender Process has been completed, such Consortium, if it is selected as the Preferred Investor, must ensure that the Lead Member retains a stake of at least 33.34% in the shareholding and controls the management and operation of the SPV (which will sign the Concession Agreement) for a minimum lock up period as detailed in, and subject to the exceptions set out in, the Concession Agreement.
The nomination of a specific Candidate as the Preferred Investor may take place following the expiry of such Candidate’s Proposal provided that the said Candidate shall consent in writing thereto.
The members of the Preferred Investor shall sign the Contract as well, acting as guarantors and being jointly and severally liable vis-à-vis the Fund for the implementation of the SPV’s obligations under the Contract.
On conclusion of the Public Tender Process, the Preferred Investor is approved by Cabinet.
The RfP will also determine the criteria for the selection of the Eligible Investor (see Section 5.1 below) with which the Fund will enter into the Concession Agreement (the Preferred Investor).