Common use of Selection to be binding Clause in Contracts

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. 1.5.1 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/LendersXxxxxxx’ Representative.

Selection to be binding. The decision of the Lenders/XxxxxxxLenders’ 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/XxxxxxxLenders’ 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. The decision of the Senior Lenders/XxxxxxxSenior Lenders’ Representative and the Concessioning Authority ConcessioningAuthority 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 theactions of the Senior Lenders’ Representative or the Lenders/Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation/ assignment/ endorsement novation of the Concession Agreement in favour of the Selectee. The Concessionaire agrees and confirms andconfirms that it shall not have any right to seek revaluation of assets comprised in the Project or the orthe Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Senior Lenders/XxxxxxxSenior Lenders’ Representative are irrevocable and shall not be contested in any inany proceedings before any court or Concessioning Authority and the Concessionaire shall have shallhave no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/LendersSeniorLenders’ Representative.

Selection to be binding. 3.17 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/LendersXxxxxxx’ Representative.

Selection to be binding. The decision of the Senior Lenders/XxxxxxxSenior Lenders’ 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 Senior Lenders’ Representative or the Lenders/Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation/ assignment/ endorsement novation 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 Senior Lenders/XxxxxxxSenior Lenders’ 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 Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/Senior 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 novation 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/XxxxxxxLenders’ 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/LendersXxxxxxx’ Representative.