Substitution of Concessionaire Sample Clauses

Substitution of Concessionaire. At any time during the period of Suspension, the Lenders‟ Representative, on behalf of Senior Lenders, shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, and upon receipt of notice thereunder from the Lenders‟ Representative, the Authority shall withhold Termination for a period not exceeding 180 (one hundred and eighty) days from the date of Suspension, and any extension thereof under Clause 36.1, for enabling the Lenders‟ Representative to exercise its rights of substitution on behalf of Senior Lenders.
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Substitution of Concessionaire. (a) Where the Concessionaire has assigned its Concession rights, and interest in the Project to, and in favour of, the Lenders pursuant to and in accordance with the provisions of this Agreement by way of security in respect of financing by the Lenders under the Financing Documents and pursuant to their rights, the Lenders may be entitled to substitute the Concessionaire by a Selectee in the following events and manner specified.
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Substitution of Concessionaire. 25.4.1. At any time during the period of Suspension, the Lenders shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement provided in Schedule F and upon receipt of notice thereunder from the Lenders’, the Authority shall withhold Termination for a period not exceeding 120 (one hundred and twenty) days from the date of Suspension, and any extension thereof under Clause 25.1, for enabling the Lenders to exercise its rights of substitution
Sample 1See All (4)
Substitution of Concessionaire. At any time during the period of Suspension, the Lenders’ Representative, on behalf of Senior Lenders, shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, and upon receipt of notice thereunder from the Lenders’ Representative, the Authority shall withhold termination for a period not exceeding 180 (one hundred and eighty) day from the date of Suspension, and any extension thereof under Clause 32.1, for enabling the Lenders’ Representative to exercise its right of substitution on behalf of Senior Lenders. Notwithstanding anything to the contrary stipulated in this Agreement, the Authority shall (to the exclusion of Senior Lenders) have the right to take over (as per the Divestment Requirements in Clause 34.1) complete possession and control of the Project Assets, Existing Hospital, Existing Facilities, thereby replacing the Concessionaire, by way of terminating this Agreement in case any Concessionaire’s Event of Default occurs prior to the COD of Phase I.
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Substitution of Concessionaire. 13.4.1 At any time during the period of Suspension, the Lenders shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, subject to the right of the ULB rejecting such Substitution or appointment of a substitute by itself and upon receipt of notice thereunder from the Lenders, the ULB shall withhold Termination for a period not exceeding 180 (one hundred and eighty) days from the date of Suspension, and any extension thereof under Article 13.1, for enabling the Lenders to exercise its rights of substitution. For the avoidance of doubt, the Parties agree that the Substitution Right of the Lenders is subject to the right of the ULB of substituting the Concessionaire during period of Suspension.
Sample 1
Substitution of Concessionaire. At any time during the period of Suspension, the Lenders' Representative, on behalf of Senior Lenders, shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, and upon receipt of notice thereunder from the Lenders' Representative, the Authority shall withhold Termination for a period not exceeding 180 (one hundred and eighty) days from the date of Suspension, and any extension thereof under Clause 32.1, for enabling the Lenders' Representative to exercise its rights of substitution on behalf of Senior Lenders. Notwithstanding anything to the contrary stipulated in this Agreement elsewhere, the Authority shall (to the exclusion of Senior Lenders) have the right to substitute the Concessionaire in case of Concessionaire’s Event of Default occurs prior to the COD of Phase 0.
Sample 1
Substitution of Concessionaire. 36.5 Termination
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Substitution of Concessionaire. 11.4.1 At any time during the period of Suspension, the Lenders' Representative, on behalf of Senior Lenders, shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, and upon receipt of notice there under
Sample 1

Related to Substitution of Concessionaire

  • Substitution of Key Personnel Consultant has represented to City that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at least equal competence upon written approval of City. In the event that City and Consultant cannot agree as to the substitution of key personnel, City shall be entitled to terminate this Agreement for cause. As discussed below, any personnel who fail or refuse to perform the Services in a manner acceptable to the City, or who are determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project or a threat to the safety of persons or property, shall be promptly removed from the Project by the Consultant at the request of the City. The key personnel for performance of this Agreement are as follows: Xxxxx Xxxxx.

  • Grant of Concession 2.1.1 Pursuant to the provisions of the Code and the Rules and subject to the terms and conditions of the CDA Documents, TxDOT hereby grants to Developer the exclusive right, and Developer accepts the obligation, to finance, develop, design and construct the Facility described in Section 1 of the Technical Provisions, and to enter into the Lease in the form attached as Exhibit 3 for the Facility and Facility Right of Way.

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