Substitution Process. While carrying out substitution, the Lender’s Representative or the Authority, as the case may be, shall invite competitive bids from the prospective parties for acting as the Nominated Company and substituting the Concessionaire. Such Nominated Company shall have to agree to bear all the liabilities of the Concessionaire in terms of this Agreement and Financing Agreement.
Appears in 9 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Substitution Process. While carrying out substitution, the Lender’s Lender‟s Representative or the Authority, as the case may be, shall invite competitive bids from the prospective parties for acting as the Nominated Company and substituting the Concessionaire. Such Nominated Company shall have to agree to bear all the liabilities of the Concessionaire in terms of this Agreement and Financing Agreement.
Appears in 4 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Substitution Process. 14.3.1 While carrying out substitution, the Lender’s Representative or the Authority, as the case may be, shall invite competitive bids from the prospective parties for acting as the Nominated Company and substituting the Concessionaire. Such Nominated Company shall have to agree to bear all the liabilities of the Concessionaire in terms of this Agreement and Financing Agreement.
Appears in 1 contract
Samples: Concession Agreement
