Actions in Support of the Concession a. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement.
Actions in Support of the Concession a) The Authority shall, on best effort basis, and subject always to Concessionaire fulfilling the eligibility criteria and duly complying with all requirements, render such assistance as the Concessionaire may reasonably require, from time to time, for availing and obtaining all Applicable Permits and for completion of formalities relating to the Project provided the Concessionaire is in compliance with the rules, regulations and guidelines prescribed by the Statutory Authorities;
Actions in Support of the Concession. (a) ADA shall on or prior to the Effective Date enter into a Lease Deed with the Concessionaire to lease the Project Site on ‘as is where is’ basis to the Concessionaire. Subject to clause 4.1.5 (b), the physical possession of the Project Site shall be handed over to the Concessionaire within 2 (Six) months from the Execution Date. Provided ADA shall inform the Concessionaire 1 (One) months in advance, the date on which the physical possession of the Project Site will be handed over to the Concessionaire. The Lease Deed for the Project Site will be co-terminus with the Concession Agreement.
Actions in Support of the Concession. (a) For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Lenders its rights and interests under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated by the collection of Academic Fee net of the Concession Fee, and to create a security in such rights and interests in favour of the Lenders in accordance with Article 13.
Actions in Support of the Concession. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement. For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Lenders its rights and interests under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated from the Project Revenue and to create a security in such rights and interests in favour of the Lenders. However, it is also clarified that the Concessionaire shall not be entitled to mortgage any immovable asset, which is a part of the Project Assets and the Project Site unless specifically permitted by the Authority. The Authority undertakes not to terminate or repudiate this Agreement prior to the expiry of the Concession Period otherwise than in accordance with the provisions of this Agreement. The Authority shall provide assistance and recommendations to the Competent Authorities, including GoI, in support of the Concessionaire’s applications for Clearances that may be needed from time to time for the implementation of the Project; provided that the Concessionaire has made the requisite applications and is in compliance with the necessary conditions for the grant of such Clearances.
