Common use of Actions in Support of the Concession Clause in Contracts

Actions in Support of the Concession. a. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement. b. For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Senior Lenders its rights and interests in the Project Facilities under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated from the Project Revenue and to create a security in such rights and interests in favour of the Senior Lenders. However, it is also clarified that the Concessionaire shall not be entitled to mortgage any immovable asset, which is a part of the Project Assets, and the Project Site unless specifically permitted by the Authority. c. The Authority undertakes not to terminate or repudiate this Agreement prior to the expiry of the Concession Period otherwise than in accordance with the provisions of this Agreement. d. The Authority shall provide assistance and recommendations to the Competent Authorities, including GoI in support of the Concessionaire’s applications for Clearances that may be needed from time to time for the implementation of the Project; Provided that the Concessionaire has made the requisite applications and is in compliance with the necessary conditions for the grant of such Clearances.

Actions in Support of the Concession. a. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement. b. For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Senior Lenders its rights and interests in the Project Facilities under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated from the Project Revenue and to create a security in such rights and interests in favour of the Senior Lenders. However, it is also clarified that the Concessionaire shall not be entitled to mortgage any immovable asset, which is a part of the Project Assets, Assets and the Project Site unless specifically permitted by the Authority. c. The Authority undertakes not to terminate or repudiate this Agreement prior to the expiry of the Concession Period otherwise than in accordance with the provisions of this Agreement. d. The Authority shall provide assistance and recommendations to the Competent Authorities, including GoI GoI, in support of the Concessionaire’s Concessionaire‟s applications for Clearances that may be needed from time to time for the implementation of the Project; Provided provided that the Concessionaire has made the requisite applications and is in compliance with the necessary conditions for the grant of such Clearances.

Actions in Support of the Concession. a. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement. b. . For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Senior Lenders its rights and interests in the Project Facilities under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated from the Project Revenue and to create a security in such rights and interests in favour of the Senior Lenders. However, it is also clarified that the Concessionaire shall not be entitled to mortgage any immovable asset, which is a part of the Project Assets, Assets and the Project Site unless specifically permitted by the Authority. c. . The Authority undertakes not to terminate or repudiate this Agreement prior to the expiry of the Concession Period otherwise than in accordance with the provisions of this Agreement. d. . The Authority shall provide assistance and recommendations to the Competent Authorities, including GoI GoI, in support of the Concessionaire’s applications for Clearances that may be needed from time to time for the implementation of the Project; Provided provided that the Concessionaire has made the requisite applications and is in compliance with the necessary conditions for the grant of such Clearances.

Actions in Support of the Concession. a. The Authority shall recognize and undertake not to, in any manner, violate or cause breach of the terms of this Concession Agreement. b. For the purpose of Financing the Project, the Concessionaire shall have the right to mortgage, hypothecate, transfer, assign or otherwise encumber to Senior Lenders its rights and interests in the Project Facilities under or pursuant to this Agreement, including, without limitation, its rights in and to (i) the Project Agreements and (ii) the cash flows generated from the Project Revenue and to create a security in such rights and interests in favour of the Senior Lenders. However, it is also clarified that the Concessionaire shall not be entitled to mortgage any immovable asset, which is a part of the Project Assets, and the Project Site unless specifically permitted by the AuthoritySite. c. The Authority undertakes not to terminate or repudiate this Agreement prior to the expiry of the Concession Period otherwise than in accordance with the provisions of this Agreement. d. The Authority shall provide assistance and recommendations to the Competent Authorities, including GoI in support of the Concessionaire’s applications for Clearances that may be needed from time to time for the implementation of the Project; Provided that the Concessionaire has made the requisite applications and is in compliance with the necessary conditions for the grant of such Clearances.