Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, the Concessioning Authority shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 4 contracts
Samples: Model Concession Agreement, Concession Agreement, Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement Agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, with the Concessioning prior approval of the Authority shall and in consultation with the Senior Lenders Lenders, the Concessionaire shall endeavour to arrive at an agreement Agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 3 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement Agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire concessionaire Event of Default, with the Concessioning prior approval of the Authority shall and in consultation with the Senior Lenders Lenders, the Concessionaire shall endeavour to arrive at an agreement Agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 3 contracts
Samples: Draft Concession Agreement, adcl.in, adcl.in
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days ninety)Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation inconsultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying ofrectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event underlyingevent is a Concessionaire Event of Default, the Concessioning Authority shall in consultation with the Senior theSenior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or measuresand/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, the Concessioning Authority shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour endeavor to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire an Authorisee Event of Default, with the Concessioning Authority shall prior approval of the Grantor and in consultation with the Senior Lenders endeavour Lenders, the Authorisee shall Endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 2 contracts
Samples: www.tsrtc.telangana.gov.in, www.tsrtc.telangana.gov.in
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Developer Event of Default, the Concessioning Authority Parties shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 1 contract
Samples: Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, the Concessioning Authority shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 1 contract
Samples: Concession Agreement
Remedial Process. (If applicable) Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Operator Event of Default, the Concessioning Authority shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 1 contract
Samples: Substitution Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties they may agree (“Remedial Period”) [―Remedial Period‖] the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Licensee Event of Default, the Concessioning Authority Parties shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 1 contract
Samples: License Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement Agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire concessionaire Event of Default, with the Concessioning prior approval of the Authority shall and in consultation with the Senior Lenders Lenders, the Concessionaire shall endeavour to arrive at an agreement Agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 1 contract
Samples: Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement Agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, with the Concessioning prior approval of the Authority shall and in consultation with the Senior Lenders Lenders, the Concessionaire shall endeavour to arrive at an agreement Agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 1 contract
Samples: Concession Agreement
Remedial Process. (If applicable) Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a Concessionaire Event of Default, the Concessioning Authority shall in consultation with the Senior Lenders endeavour to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:
Appears in 1 contract
Samples: Draft Concession Agreement
Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in consultation with the Senior Lenders, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a an Concessionaire Event of Default, with the Concessioning prior approval of the Grantor / Authority shall and in consultation with the Senior Lenders endeavour Lenders, the Concessionaire shall endeavor to arrive at an agreement as to one or more of the following measures and/or such other measures as may be considered appropriate by them in the attendant circumstances:;
Appears in 1 contract
Samples: Concession Agreement