Substitution Agreement. 36.3.1 The Lenders’ Representative, on behalf of Senior Lenders, may exercise the right to substitute the Concessionaire pursuant to the agreement for substitution of the Concessionaire (the "Substitution Agreement") to be entered into amongst the Concessionaire, the Authority and the Lenders’ Representative, on behalf of Senior Lenders, substantially in the form set forth in Schedule-V.
Substitution Agreement. The Substitution Agreement envisaged by Appendix 3 hereunder, will/may be executed within 30 (thirty) Days’ of notice by the Concessionaire to the Concessioning Authority of the Senior Lenders’ readiness to execute the same.
Substitution Agreement. 6.3.1 This Agreement shall not be assigned by the Concessionaire Provided however, subject to the provisions of this Agreement, Lenders may be given the right of substitution by execution of the Substitution Agreement in the form annexed hereto as Schedule 8.
Substitution Agreement. THIS SUBSTITUTION AGREEMENT is entered into on this the --------- day of ------ (Month) (Year) at . AMONGST, THE V.O.Chidambaranar Port Authority, a body corporate constituted under the provisions of the Major Port Authorities Act, 2021 and having its Administrative Office at Tuticorin Tamilnadu (hereinafter referred to as “the Concessioning Authority”) which expression shall, unless repugnant to the context or meaning thereof include its administrators, successors or assigns. AND M/s. XXXX Limited, a company incorporated under the provisions of the Xxxxxxxxx Xxx, 0000xxx having its Registered Office at hereinafter referred to as “the Concessionaire” (which expression shall unless repugnant to the context or meaning thereofinclude its successors and assigns), AND YYYY (Financial Institution/ Bank) having its Registered 0ffice/Head Office at -------------------------------------- hereinafter referred to as “the Senior Lender”. OR ZZZZ (Financial Institution/Bank) having its Registered Office/Head Office at acting for and on behalf of the Senior Lenders listed in Schedule Ahereto (hereinafter referred as “the Senior
Substitution Agreement. (a) This Agreement shall not be assigned by the Concessionaire, provided that, subject to the provisions of this Agreement, the Lenders may be given the right of substitution by execution of the Substitution Agreement.
Substitution Agreement. The Lenders‟ Representative, on behalf of Senior Lenders, may exercise the right to substitute the SPD pursuant to the agreement for substitution of the SPD (the “Substitution Agreement”) to be entered into amongst the SPD, Railways and the Lenders‟ Representative, on behalf of Senior Lenders, substantially in the form set forth in Schedule – L. Upon substitution of the SPD under and in accordance with the Substitution Agreement, the Nominated Company substituting the SPD shall be deemed to be the SPD under this Agreement and shall enjoy all rights and be responsible for all obligations of the SPD under this Agreement as if it were the SPD; provided that where the SPD is in breach of this Agreement on the date of such substitution, Railways shall by notice grant a Cure Period of [120 (one hundred and twenty) days] to the SPD for curing such breach.
Substitution Agreement. 30.3.1 The Lenders’ Representative, on behalf of Xxxxxxx, may exercise the right to substitute the DEVELOPER pursuant to the agreement for substitution of the DEVELOPER (the “Substitution Agreement”) to be entered into amongst the DEVELOPER, the SH&DB and the Lenders’ Representative, on behalf of Senior Lenders.
Substitution Agreement. APPENDIX 4...............................................................................................................................
Substitution Agreement. The Substitution Agreement shall be executed by the Railway Administration, Concessionaire and the Lenders, substantially in the form set forth in Annexure I at or around the time of execution of the Financing Documents.
Substitution Agreement. (a) If a Financier wishes to novate any of its rights and obligations under a Transaction Document to a Substitute Financier, it must notify the Agent at least 5 Business Days before the substitution (or such shorter period as the Agent approves), of the following:
