Substitution Agreement means the substitution agreement, substantially in the form set forth in the Schedules as entered into/ proposed to be entered into between the Authority, Developer, and the Lenders in relation to the substitution of the Developer with the Nominated Company in accordance with the Agreement;
Substitution Agreement shall have the meaning set forth in Clause 40.3;
Substitution Agreement means the agreement substantially in the form set out at Appendix 3, to be entered into between the Concessioning Authority, the Concessionaire and the Lenders.
Examples of Substitution Agreement in a sentence
In case Maha-Metro receives a representation on behalf of the Lenders, within the aforesaid period, Maha-Metro shall withhold the termination for a period not exceeding 180 (one hundred and eighty) days, for enabling the Lenders’ Representative to exercise the Lenders’ right of substitution in accordance with the Substitution Agreement and substitute the Concessionaire with a Nominated Company.
Maha-Metro shall also execute a new Substitution Agreement with the Nominated Company and the Lenders, if there be any.
More Definitions of Substitution Agreement
Substitution Agreement is an agreement that may be executed between the Concessionaire, the Authority and the Lenders in the form set out in Schedule 8, pursuant to which, in case of Default by the Concessionaire including any Financial Default, Lenders (through its nominee) shall be allowed to take charge of the Concessionaire’s roles and responsibilities under this Agreement;
Substitution Agreement means as defined in Article 27.3;
Substitution Agreement means the agreement set out in Schedule XI.
Substitution Agreement means the agreement set out in Schedule-III.
Substitution Agreement shall have the meaning set forth in Clause 36.3;“Suspension” shall have the meaning set forth in Clause 32.1;
Substitution Agreement has the meaning assigned to such term in Section 9.11.1.
Substitution Agreement means the agreement substantially in the form set out at Schedule K to be entered into amongst MCD, Lenders and the Concessionaire.