Obligations relating to Change in Ownership. 5.3.1 The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the Authority.
Obligations relating to Change in Ownership. The Supplier shall not undertake or permit any Change in Ownership, except with the prior written approval of the Utility. [ In case the Supplier is a Trading Licensee “The provisions of Clause 5.3 shall be applicable if the Supplier is a Trading Licensee. In addition, the Supplier in such case shall also ensure that similar provisions as contained in Clause 5.3 are incorporated in the exclusive Power Purchase Agreement submitted by the Supplier. In such case, the aforesaid provisions shall be applicable with respect to ………….. ( name of the majority investor in the Developer as specified in the Power Purchase Agreement submitted by the Supplier as a part of the Bid). The Supplier shall ensure the compliance of the provisions mentioned in this Clause
Obligations relating to Change in Ownership. 6.3.1 The Operator shall not undertake or permit any Change in Ownership within a period of [3 (three)] years from COD of 1st Lot of Buses and after three years only with prior written approval of the Authority.
Obligations relating to Change in Ownership. 5.4.1. The SPD shall not undertake or permit any Change in Ownership, except with the prior written approval of Railways.
Obligations relating to Change in Ownership. 5.11.1 The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the Lead ULB.
Obligations relating to Change in Ownership. The Supplier shall not undertake or permit any Change in Ownership, except with the prior written approval of the Aggregator.
Obligations relating to Change in Ownership. 5.3.1. The Service Provider shall not undertake or permit any Change in Ownership, except with the prior written approval of the Authority.
Obligations relating to Change in Ownership. 4.3.1 The Implementation Agency shall not undertake or permit any Change in Ownership, except with the prior written approval of the Authority and DGQA/DDP.
Obligations relating to Change in Ownership. 5.3.1 The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior written approval of the Authority. For the avoidance of doubt, it is expressly agreed that the obligation under this Clause 5.3.1 and the representation in Clause 7.1(k) shall apply to the Concessionaire only in the event any person, together with its Associates, holds 33% (thirty three per cent) or more of its paid up share capital as on the date of submitting the Application in response to the Request for Qualification.
Obligations relating to Change in Ownership. The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the Authority. For the avoidance of doubt, it is expressly agreed that the obligation under this Clause 5.3.1 and the representation in Clause 7.1(k) shall apply to the Concessionaire’s company in the event the aggregate shareholding of the Selected Bidder together with {its/their} Associates, in the issued and paid-up equity share capital of the Concessionaire declines below 51% (fifty one percent) thereof during the first two years of the Concession Period;
