Common use of Obligations relating to refinancing Clause in Contracts

Obligations relating to refinancing. Without prejudice to any rights or remedies of the Authority under this Agreement or otherwise, upon request made by the Concessionaire to this effect, the Authority shall, in conformity with any regulations or guidelines that may be notified by the Government Instrumentality, permit and enable the Concessionaire to secure refinancing, in whole or in part, of the Debt Due on such terms as may be agreed upon between the Concessionaire and the entity providing such refinancing. Provided, however, that the refinancing hereunder shall always be subject to the prior consent of the Authority and subject to the condition that the refinancing shall not result in any Encumbrance on the Project Site, which consent shall not be unreasonably withheld. For avoidance of doubt, the tenure of debt refinanced hereunder may be determined mutually between the Senior Lenders and the Concessionaire, but the repayment thereof shall be completed by no later than 1 (one) year prior to the expiry of the Concession Period.

Obligations relating to refinancing. Without prejudice to any rights or remedies of the Authority under this Agreement or otherwise, upon request made by the Concessionaire to this effect, the Authority shall, in conformity with any regulations or guidelines that may be notified by the Government Instrumentality, permit and enable the Concessionaire to secure refinancing, in whole or in part, of the Debt Due on such terms as may be agreed upon between the Concessionaire and the entity providing such refinancing. Provided, however, that the refinancing hereunder shall always be subject to the prior consent of the Authority and subject to the condition that the refinancing shall not result in any Encumbrance encumbrance on the Project Site, which consent shall not be unreasonably withheld. For avoidance of doubt, the tenure of debt refinanced hereunder may be determined mutually between the Senior Lenders and the Concessionaire, but the repayment thereof shall be completed by no later than [1 (one) year year] prior to the expiry of the Concession Period.

Obligations relating to refinancing. Without prejudice to any rights or remedies of the Authority under this Agreement or otherwise, upon request made by the Concessionaire Licensee to this effect, the Authority shall, in conformity with any regulations or guidelines that may be notified by the Government Instrumentality, permit and enable the Concessionaire Licensee to secure refinancing, in whole or in part, of the Debt Due on such terms as may be agreed upon between the Concessionaire Licensee and the entity providing such refinancing. Provided, however, that the refinancing hereunder shall always be subject to the prior consent of the Authority and subject to the condition that the refinancing shall not result in any Encumbrance on the Project Site, which consent shall not be unreasonably withheld. For avoidance of doubt, the tenure of debt refinanced hereunder may be determined mutually between the Senior Lenders and the ConcessionaireLicensee, but the repayment thereof shall be completed by no later than 1 (one) year prior to the expiry of the Concession License Period.