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.

• All letter of allotments, sub-lease deeds or any other agreements executed by the Concessionaire for marketing the Project in terms of the Agreement shall stand transferred and novated in favour of the Nominated Company.

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

• All approvals/clearances of Maha-Metro received by the Concessionaire shall stand transferred and novated in favour of the Nominated Company.

• Maha-Metro shall also execute a new Substitution Agreement with the Nominated Company and the Lenders, if there be any.

More Definitions of Nominated Company

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 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, 1956/2013, 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 a subsidiary company or related company nominated under subsection (1);

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 means a company, incorporated under the provisions of the Companies Act, 1956/2013, including any re-enactment or modification thereof, selected by the Lenders’ Representative, on behalf of Senior Lenders, and proposed to the Authority for assignment/transfer of the Lease Rights as provided in this Agreement;

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