Concession Agreement Dealings Sample Clauses

Concession Agreement Dealings. Notwithstanding the assignment referred to in Section 2.1 [Notice of Security Interests] or the granting of any other Encumbrance in or over the Concession Agreement by or pursuant to the Senior Funding Agreements, and without prejudice to Section 6 [Rights of the Province], until the Province is notified by the Agent to the contrary the Province will be entitled (save to the extent expressly provided otherwise in this Agreement) to exercise or enforce all rights, discretions and remedies under or in respect of the Concession Agreement and to perform or discharge its obligations under the Concession Agreement to the Concessionaire as if the Concessionaire was at all times the absolute and beneficial owner of all right, title, benefit and interest in and to the Concession Agreement. Without limiting the generality of the foregoing, the Province may make all payments under the Concession Agreement to the account of the Concessionaire specified in the relevant invoice issued by the Concessionaire until otherwise notified by the Agent at least 7 Working Days prior to the payment date (whereupon any such payment will be made to or to the order of the Agent).
Sample 1
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Related to Concession Agreement Dealings

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