Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority. b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement. c. Restraint set forth in Sub-articles 11.1(a) and 11.1(b) above, shall not apply to: i. Assignment of Concessionaire’s rights and benefits under the Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 5 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Assignment and Charges. a. (a) The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority.
b. (b) The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. (c) Restraint set forth in Sub-articles 11.1(a10.1(a) and 11.1(b10.1(b) above, shall not apply to:
i. i) Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 10.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority.
b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. Restraint set forth in Sub-articles Sub -articles 11.1(a) and 11.1(b) above, shall not apply to:
i. Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority.
b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. Restraint set forth in Sub-articles Sub -articles 11.1(a) and 11.1(b) above, shall not apply to:
i. Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Financia l Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the Agreement or the rights, benefits and obligations hereunder, save and except with prior prio r consent of Concessioning Authority.
b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. Restraint set forth in Sub-articles 11.1(aSub -articles 1 1.1(a) and 11.1(b) above, shall not apply to:
i. Assignment of Concessionaire’s rights and benefits under the Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. (a) The Concessionaire Lessee shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning the Authority.
b. (b) The Concessionaire Lessee shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. (c) Restraint set forth in Sub-articles 11.1(a10.2(a) and 11.1(b10.2(b) above, shall not apply to:
i. i) Assignment of ConcessionaireLessee’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 10.2 (c) the rights of the Concessionaire Lessee shall not be contrary or in derogation to the provisions relating to Transfer of Project Assets contained under Article 6.67.4(a).
Appears in 1 contract
Samples: Lease Agreement
Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority.
b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. Restraint set forth in Sub-articles 11.1(a8.3(a) and 11.1(b8.3(b) above, shall not apply to:
i. Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c8.3(c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations obligat ions hereunder, save and except with prior consent of Concessioning Authority.
b. The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. Restraint set forth in Sub-articles Sub -articles 11.1(a) and 11.1(b) above, shall not apply to:
i. Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6them .
Appears in 1 contract
Samples: Concession Agreement
Assignment and Charges. a. (a) The Concessionaire shall not assign in favour of any person the this Agreement or the rights, benefits and obligations hereunder, save and except with prior consent of Concessioning Authority.
b. (b) The Concessionaire shall not create nor permit to subsist any Encumbrance over the Project Site, except as envisaged under this Agreement.
c. (c) Restraint set forth in Sub-articles 11.1(a8.3(a) and 11.1(b8.3(b) above, shall not apply to:
i. i) Assignment of Concessionaire’s rights and benefits under the this Agreement and other Project related Financial Documents to or in favour of the Senior Lenders as security for Financial Assistance provided by them. Notwithstanding anything contained in Article 11.1 (c8.3(c) the rights of the Concessionaire shall not be contrary or in derogation to the provisions relating to Transfer of Assets contained under Article 6.6.
Appears in 1 contract
Samples: Concession Agreement