Common use of Escrow Bank to act as trustee Clause in Contracts

Escrow Bank to act as trustee. 2.1.1 The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative and the Concessionaire in connection herewith and authorizes the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

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Escrow Bank to act as trustee. 2.1.1 The Concessionaire Implementation Agency hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative Authority and the Concessionaire Implementation Agency in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

Escrow Bank to act as trustee. 2.1.1 2.1.1. The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative and the Concessionaire in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative and the Concessionaire in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 2 contracts

Samples: Escrow Agreement, Leave and License Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Lenders‟ Representative and the Concessionaire in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms term hereof together with all such rights, powers, authorities and discretion as are tire reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Lenders‟ Representative and the Concessionaire in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Escrow Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Concessioning Authority, the Lenders’ Representative and the Concessionaire in connection herewith and authorizes the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Concession Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire Operator hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative Authority and the Concessionaire Operator, and in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Escrow Agreement

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Escrow Bank to act as trustee. 2.1.1 The Authority and the Concessionaire hereby appoints appoint the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative Authority and the Concessionaire in connection herewith herewith, and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together together, with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Substitution Agreement

Escrow Bank to act as trustee. 2.1.1 i. The Concessionaire hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative and the Concessionaire in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Draft Concession Agreement

Escrow Bank to act as trustee. 2.1.1 2.1.1. The Concessionaire Service Provider hereby appoints the Escrow Bank to act as trustee for the Authority, the Lenders’ Representative BBMP and the Concessionaire Service Provider in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Escrow Agreement

Escrow Bank to act as trustee. 2.1.1 The Concessionaire Contractor hereby appoints the Escrow Bank to act as trustee for the AuthorityEmployer, the Lenders’ Representative and the Concessionaire Contractor in connection herewith and authorizes authorises the Escrow Bank to exercise such rights, powers, authorities and discretion as are specifically delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms hereof.

Appears in 1 contract

Samples: Arbitral Award Escrow Account Agreement

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