Common use of Refinancing of Debts Clause in Contracts

Refinancing of Debts. The Concessionaire in accordance with the provisions of this Agreement and the provisions of the Draft Tripartite Agreement (Appendix-19) may issue bonds to refinance the debts raised and utilized by it from Senior Lenders for financing the project for which Concessioning Authority shall enter into Tripartite Agreement as per the Draft Tripartite Agreement annexed at Appendix-19.

Refinancing of Debts. The Concessionaire in accordance with the provisions of this Agreement and the provisions of the Draft Tripartite Agreement (Appendix-19Appendix – 19) may issue bonds to refinance the debts raised and utilized by it from Senior Lenders for financing the project for which Concessioning Authority shall enter into Tripartite Agreement as per the Draft Tripartite Agreement annexed at Appendix-19Appendix – 19.