Selection to be binding. The decision of the Lenders’ Representative and the Authority in selection of the Nominated Company shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Senior Lenders or the Authority taken pursuant to this Agreement including the transfer/assignment of the Concession in favour of the Nominated Company. The Concessionaire agrees and confirms that it shall not have any right to seek revaluation of assets of the Project or the Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Lenders’ Representative are irrevocable and shall not be contested in any proceedings before any court or Authority and the Concessionaire shall have no right or remedy to prevent, obstruct or restrain the Authority or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Lenders’ Representative.
Selection to be binding. The decision of the Lenders/Xxxxxxx’ Representative and the Concessioning Authority in selection of the Nominated Company / Selectee shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders/Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation/ assignment/ endorsement of the Concession Agreement in favour of the Selectee. The Concessionaire agrees and confirms that it shall not have any right to seek revaluation of assets comprised in the Project or the Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Lenders/Xxxxxxx’ Representative are irrevocable and shall not be contested in any proceedings before any court or Concessioning Authority and the Concessionaire shall have no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Lenders/Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Lenders/Lenders’ Representative.
Selection to be binding. 3.5.1 The decision of the Lenders’ Representative and the Railway Administration in selection of the Nominated Company shall be final and binding on the Concessionaire and shall be deemed to have been made with the concurrence of the Concessionaire.. The Concessionaire irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders or the Railway Administration taken pursuant to this Agreement including the transfer/assignment of the Concession in favour of the Nominated Company. It is hereby acknowledged by the Parties that the rights of the Lenders’ Representative are irrevocable and shall not be contested in any proceedings before any court or Railway Administration and the Concessionaire shall have no right or remedy to prevent, obstruct or restrain the Railway Administration or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Lenders’ Representative.
Selection to be binding. 3.4.1 The decision of the Lenders’ Representative and the Mandi Board in selection of the NSL shall be final and binding on the Developer and shall be deemed to have been made with the concurrence of the Developer. The Developer irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders or the Mandi Board taken pursuant to this Agreement including the transfer, assignment and/or novation of the Grant (and the Concession Agreement) in favour of the NSL. It is hereby acknowledged by the Parties that the rights of the Lenders’ Representative are irrevocable and the Developer shall have no right or remedy to prevent, obstruct or restrain the Mandi Board or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Grant as requested by the Lenders’ Representative.
Selection to be binding. 3.5.1 The decision of the Lenders’ Representative and BSHB in selection of the Nominated Company shall be final and binding on the Developer and shall be deemed to have been made with the concurrence of the Developer. The Developer irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders or BSHB taken pursuant to this Agreement including the transfer/assignment of the Grant in favour of the Nominated Company. It is hereby acknowledged by the Parties that the rights of the Lenders’ Representative are irrevocable and the Developer shall have no right or remedy to prevent, obstruct or restrain BSHB or the Lenders’ Representative from effecting or causing the transfer by Substitution and endorsement of the Grant as requested by the Lenders’ Representative.
Selection to be binding. 3.5.1 The decision of Authority in selection of the Nominated Company or the approval of the Nominated Company selected by the Lenders’ Representative shall be final and binding on the Developer and shall be deemed to have been made with the concurrence of the Developer. The Developer irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders or Authority taken pursuant to the Substitution Agreement including the transfer/assignment of the Grant in favour of the Nominated Company. It is hereby acknowledged by the Parties that the rights of Authority and the Lenders’ Representative are irrevocable and the Developer shall have no right or remedy to prevent, obstruct or restrain Authority or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Grant as requested by the Lenders’ Representative or as undertaken by Authority. No consultation, concurrence or approval with or of the Developer will be required for such substitution.
Selection to be binding. The decision of the Lenders’ Representative and the Authority in selection of the Nominated Company shall be final and binding on the Lessee. The Lessee irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Senior Lenders or the Authority taken pursuant to this Agreement including the transfer/assignment of the Lease Rights in favour of the Nominated Company. The Lessee agrees and confirms that it shall not have any right to seek revaluation of assets of the Project. It is hereby acknowledged by the Parties that the rights of the Lenders’ Representative are irrevocable and shall not be contested in any proceedings before any court or Authority and the Lessee shall have no right or remedy to prevent, obstruct or restrain the Authority or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Lease Rights as requested by the Lenders’ Representative.
Selection to be binding. 3.6.1 The decision of RLDA in selection of the Nominated Company or the approval of the Nominated Company selected by the Lenders’ Representative shall be final and binding on the Lessee and shall be deemed to have been made with the concurrence of the Lessee. The Lessee irrevocably agrees and waives any right to challenge the actions of the Lenders’ Representative or the Lenders or RLDA taken pursuant to the Substitution Agreement including the transfer/assignment of the Grant in favour of the Nominated Company. It is hereby acknowledged by the Parties that the rights of RLDA and the Lenders’ Representative are irrevocable and the Lessee shall have no right or remedy to prevent, obstruct or restrain RLDA or the Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Grant as requested by the Lenders’ Representative or as undertaken by RLDA. No consultation, concurrence or approval with or of the Lessee will be required for such substitution.
