Nominated Company definition

Nominated Company means a company selected by the Lenders’ Representative and proposed to the Authority for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement;

Nominated Company means a company, incorporated under the provisions of the applicable regulations in India selected by the Lenders’ Representative, on behalf of Senior Lenders, and proposed to the Authority for assignment / transfer of the Concession as provided in this Agreement;

Nominated Company means the entity that is selected either by the Lenders’ Representative or by Authority for substituting the Developer, upon the occurrence of a Developer’s Event of Default or Financial Default, in terms of the provisions of the Agreement and the Substitution Agreement;

Examples of Nominated Company in a sentence

• In case Maha-Metro receives a representation on behalf of the Lenders, within the aforesaid period, Maha-Metro shall withhold the termination for a period not exceeding 180 (one hundred and eighty) days, for enabling the Lenders’ Representative to exercise the Lenders’ right of substitution in accordance with the Substitution Agreement and substitute the Concessionaire with a Nominated Company.

• In the event that no company is nominated by the Lender’s Representative to act as the Nominated Company or the company nominated by the Lenders’ Representative in terms of Clause 27.2.1 is not acceptable to Maha-Metro, Maha-Metro shall terminate the agreement with the Concessionaire.

• Such rights shall be granted by Maha-Metro through the Novation of the Agreement, if applicable, in favour of the Nominated Company.

• While carrying out substitution, the Lender’s Representative or Maha-Metro, as the case may be, shall invite competitive bids from the prospective parties for acting as the Nominated Company and substituting the Concessionaire.

• The Substitution Premium shall be in addition to the Nominated Company agreeing to bear all the liabilities of the Concessionaire in terms of the Agreement, Financing Agreement, Letter of Allotment/Sub-Leasing Agreements and sub-contracts with the Sub-Contractors, and which shall include but not be limited to overdue and future payments towards taxes to be paid to any Government (State Govt.

More Definitions of Nominated Company

Nominated Company means a company selected by the Lenders’ Representative and proposed to the Authority for substituting the Developer in accordance with the provisions of the Substitution Agreement;

Nominated Company means a company, incorporated under the provisions of the Companies Act, 1956, selected by the Lenders’ Representative, on behalf of the Lenders, and proposed to the Railway Administration for assignment/transfer of the Concession as provided in this Agreement;

Nominated Company means a company, incorporated under the provisions of the Companies Act, 1956/2013, selected by the Lenders‟ Representative, on behalf of Lenders, and proposed to the Authority for assignment/transfer of the Concession as provided in this Agreement; “Notice of Financial Default” shall have the meaning ascribed thereto in Clause 3.2.1; and “Parties” Means the parties to this agreement collectively and “Party” shall mean any of the Parties to this Agreement individually.

Nominated Company means (i) a company selected by the Lender/Bank/ Lender’s Representative and proposed to CWC for substituting the Bidder/Operator in accordance with the provisions of the Substitution Agreement and the Agreement entered between CWC & Operator/Bidder for running the facility or (ii) wherever the Selected Bidder/Consortium Members of the Bidder/Operator are sought to be substituted in accordance Clause 3A of this Agreement and the Agreement entered between CWC & Operator/Bidder for running the facility, the Bidder/Operator itself;

Nominated Company shall have the meaning ascribed to it in Clause7.1.2;

Nominated Company means Time Warner Limited, a U.K. private limited company.

Nominated Company means a company selected by the Lenders’ Representative and proposed to the Participating ULBs for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement Non-Political Event shall have the meaning set forth in Clause 25.2 O&M means the operation and maintenance of the Project and includes all matters connected with or incidental to such operation and maintenance and provision of services and facilities in accordance with the provisions of this Agreement, set forth in Clause 12.3 O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations O&M Contractor means the person, if any, with whom the Concessionaire has entered into an O&M Contract for discharging O&M obligations for and on behalf of the Concessionaire O&M Expenses means expenses incurred by or on behalf of the Concessionaire or by the Participating ULBs, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) premia for insurance, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement O&M Inspection Report shall have the meaning set forth in Clause 19.2 O&M Plan shall mean the plan referred to in Schedule 10, Clause 10.2(a)(ii) O&M Requirements the requirements as to operation and maintenance of the Project Facilities set forth in the Schedule 10 Obligated Quantity 125% of the Assured Quantity of MSW for the Cluster in the first Financial Year Operation & Maintenance Manual or O&M Manual shall have the meaning ascribed to it in Clause 16.2 Operation Period means the period commencing from COD and ending on the Transfer Date Organic Waste such type of Waste that can be degraded by microorganisms Panel of Chartered Accountants shall have the meaning set forth in Clause 24.2.1 Participating ULBs The identified beneficiary Urban Local Bodies (municipal corporations/councils) which have consented to participate in the Project and agreed to deliver MSW to the Concessionaire and have signed Concession Ag...