Substitution of Concessionaire. (a) Where the Concessionaire has assigned its Concession rights, and interest in the Project to, and in favour of, the Lenders pursuant to and in accordance with the provisions of this Agreement by way of security in respect of financing by the Lenders under the Financing Documents and pursuant to their rights, the Lenders may be entitled to substitute the Concessionaire by a Selectee in the following events and manner specified.
Appears in 4 contracts
Samples: Draft Concession Agreement, Concession Agreement, Concession Agreement
