Selectee definition

Selectee means a new company (i) proposed by the Lenders pursuant to Section 12.1 read with Schedule IV hereof and approved by the Buying Entity (ii) or proposed by the Buying Entity in accordance with Schedule IV hereof and approved by the Lenders, for substituting the SPD for the residual period of the Agreement by amendment of the Agreement or by execution of a fresh power purchase agreement in accordance with the terms and conditions contained in the said Schedule;

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Selectee means an Indian company within the meaning of ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇, selected by the Lenders and proposed to the LICENSOR for the purpose of assignment/transfer of the LICENCE as provided in this AGREEMENT.

Selectee has the meaning ascribed to it in Article 15.4(b).

Examples of Selectee in a sentence

• The receivership shall be co-terminus with the transfer/assignment/ endorsement of the LICENCE to a Selectee.

• Subject to and upon approval of the Buying Entity, such Selectee shall be entitled to receive all the rights of the SPD and shall undertake all the obligations of the SPD under this Agreement and any other Project documents executed between the SPD and the Buying Entity, in accordance with these terms of substitution.

• Such substitution of the SPD by a Selectee shall be as per the procedure prescribed in Schedule IV to this Agreement.

• Upon the occurrence and continuation of SPD Default and the failure by the SPD to cure such default within the applicable cure period specified in this Article, the Lender, upon receipt of a written advice from the Buying Entity confirming such failure, shall be entitled to notify the Parties of the intention of the Lender to substitute the SPD by the Selectee for the residual period of this Agreement (the “Substitution Notice”).

• The Concessionaire shall ensure and procure that each Transaction Documents contains provisions that entitle the Selectee to step into such Transaction Documents, in its discretion, in place and substitution of the Concessionaire in the event of such Selectee assumption of the liabilities and obligations of the Concessionaire under the Concession Agreement.

More Definitions of Selectee

Selectee means, a new company (i) proposed by the Lenders read with Schedule Ill hereof and approved .by the Purchaser (ii) or proposed by the Purchaser in accordance with Schedule III here of and approved by the Lenders, for substituting the Power Producer for the residual period of the Agreement by amendment of the Agreement or by execution of a fresh power purchase agreement in-accordance with the terms and conditions contained in the saidSchedule.

Selectee means a Person proposed by the Senior Lender/Senior Lender’s Representative pursuant to this Agreement and approved by the Concessioning Authority for substituting the Concessionaire for the residual Concession Period, in accordance with the provisions of this Agreement.

Selectee means a new company (i) proposed by the Lenders and approved by Railways (ii) or proposed by Railways and approved by the Lenders, for substituting the Power Producer for the residual period of the Agreement by amendment of the Agreement or by execution of a fresh power purchase agreement in accordance with the terms and conditions contained in the said Schedule.

Selectee means an Indian company within the meaning of Companies Act, 1956/2013 selected by the Agents and proposed to the DOT for the purpose of assignment/transfer of the right to use the ACCESS SPECTRUM as provided in this AGREEMENT.

Selectee shall have the meaning assigned to such term in Clause 25.1.3;

Selectee applicable only in cases of substitution in accordance with Clause 25.1 of the Agreement. The Assignor, BCCL and the Assignee[/Selectee] are hereinafter referred to individually as a “Party” and collectively as the “Parties”. Capitalized terms used herein and not defined shall have the meaning assigned to them in the Agreement.

Selectee means a developer, proposed by the Lender pursuant to the terms of this PPA and approved by the DISCOM for substituting the Solar Power Developer for the residual period of the PPA, provided such selectee shall meet the eligibility criteria of the RfS issued by TSSPDCL.