STIPULATIONS FOR THE BENEFIT OF THE LENDERS Sample Clauses

STIPULATIONS FOR THE BENEFIT OF THE LENDERS. The Parties agree that the provisions of this PPP Agreement that refer to the Lenders comprise stipulations for the benefit of the Lenders and the Lenders may at any time by written notice accept such stipulations in their favour provided that they accept the obligations imposed upon them in terms of this PPP Agreement and provides the Parties with their address for notices. Upon receipt of acceptance by the Lenders of the rights and obligations imposed upon them in this PPP Agreement, the Lenders shall be bound by the provisions of this PPP Agreement that relate to them. The Lenders’ consent shall be required in respect of any variation or amendment to any provision of this PPP Agreement that directly confers rights and/or imposes obligations on the Lenders or that reduces the Project Term and such consent may not to be unreasonably withheld.
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STIPULATIONS FOR THE BENEFIT OF THE LENDERS. The Parties agree that the provisions of this PPP Agreement that refer to the Lenders comprise stipulations for the benefit of the Lenders and that the Lenders may at any time accept such stipulations in their favour provided that they accept the obligations imposed upon them in terms of this PPP Agreement and provide the Parties with their addresses for notices. Upon receipt of acceptance by the Lenders of the rights and obligations imposed upon them in this PPP Agreement, the Lenders shall be bound by the provisions of this PPP Agreement that relate to them. The Lenders’ consent shall be required in respect of any variation or amendment to any provision of this PPP Agreement that directly confers rights and/or imposes obligations on the Lenders or that reduces the Project Term and such consent may not unreasonably be withheld. Execution on behalf of SANParks: SIGNED AT XXXXXXXX XX 0000. For and on behalf of SOUTH AFRICAN NATIONAL PARKS who warrants his authority hereto Execution on behalf of the Private Party: SIGNED AT …………………… ON 2009. For and on behalf of the PRIVATE PARTY who warrants his authority hereto
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STIPULATIONS FOR THE BENEFIT OF THE LENDERS. The Parties agree that the provisions of this Agreement that refer to the Lenders and the warranty in clause 4.1 comprise stipulations for the benefit of the Lenders and may not be amended without their written consent and that Lenders may at any time accept such stipulations in their favour provided that they accept the obligations imposed upon them in terms of this Agreement. In Witness whereof the Parties hereto have caused this Agreement to be executed. Binding signature of the Authority Binding signature of the Concessionaire _____________________________ _____________________________ Name _______________________ Name _______________________ Title _______________________ Title _______________________ In the presence of In the presence of Name ____________________ Name ____________________ Signature __________________ Signature _________________ Binding signature of l Binding signature of l l Ltd l Ltd Name _______________________ Name _______________________ Title _______________________ Title _______________________ In the presence of In the presence of Name _______________________ Name _______________________ Signature ______________________ Signature _______________________ SCHEDULE 1 Conditions of Particular Application Reference from Clauses in Part I Clause No. Requirement Details
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STIPULATIONS FOR THE BENEFIT OF THE LENDERS. The Parties agree that the provisions of this Concession Contract that refer to the Lenders comprise stipulations for the benefit of the Lenders and that the Lenders may at any time accept such stipulations in their favour provided that they accept the obligations imposed upon them in terms of this Concession Contract. The Implementing Authority and the Lenders respectively shall have no obligations to each other under this Concession Contract in respect of the .content thereof save for such obligations that are expressly provided for herein. The Parties further agree that they shall not amend the provision of this Concession Contract that are for the benefit of the Lenders without prior approval of the Lenders. Execution on behalf of the Implementing Authority: DONE AND SIGNED at ________________ this _______ day of _______________ _________________________ _________________________ Xxxx authorised hereto Duly authorised thereto Witnesses: Witnesses:
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