Common use of Substitution upon occurrence of Concessionaire Default Clause in Contracts

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority AMC shall by a notice inform the Lenders’ ' Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time to the Lenders’ ' Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySubstitute Entity. 3.3.2 In the event that the Lenders’ ' Representative makes a representation to the Authority AMC within the period of 15 (fifteen) days specified in Clause Article 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySubstitute Entity, the Lenders’ ' Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Substitute Entity in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority AMC shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ ' Representative and the Concessionaire, the Authority AMC shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 . In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ days time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause Article 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice inform the Lenders/Xxxxxxx’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ Days time to the Lenders/Xxxxxxx’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySelectee. 3.3.2 In the event that the Lenders/Xxxxxxx’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the Lenders/Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension and/or Suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eighty) daysDays; provided that upon written request from the Lenders/Lenders’ Representative and the Concessionaire, the Concessioning Authority shall extend the aforesaid period of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice anotice inform the Senior Lenders/Senior Lenders’ Representative of its intention to issue a Termination aTermination Notice and grant 15 (fifteen) daysDays’ time to the Senior Lenders’ Representative to /Senior Xxxxxxx’Xxxxxxxxxxxxxxxx make a representation, stating the intention to substitute the Concessionaire by Concessionaireby a Nominated CompanySelectee. 3.3.2 In the event that the Senior Lenders/ Senior Lenders’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the SeniorLenders/ Senior Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement thisAgreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension termination and/or suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eightyandeighty) daysDays; provided that upon written request from the Lenders’ Representative and the Senior Lenders/ Senior Lenders’Representative andthe Concessionaire, the Concessioning Authority shall extend the aforesaid period aforesaidperiod of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 1.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice inform the Lenders/Xxxxxxx’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ Days time to the Lenders/Xxxxxxx’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySelectee. 3.3.2 1.3.2 In the event that the Lenders/Xxxxxxx’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the Lenders/Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension and/or Suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eighty) daysDays; provided that upon written request from the Lenders/Lenders’ Representative and the Concessionaire, the Concessioning Authority shall extend the aforesaid period of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ -time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice inform the Senior Lenders/Senior Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ Days time to the Senior Lenders/Senior Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySelectee. 3.3.2 In the event that the Senior Lenders/ Senior Lenders’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the Senior Lenders/ Senior Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension termination and/or suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eighty) daysDays; provided that upon written request from the Senior Lenders/ Senior Lenders’ Representative and the Concessionaire, the Concessioning Authority shall extend the aforesaid period of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 3.3.1. Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 3.3.2. In the event that the Lenders’ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice anotice inform the Senior Lenders/Senior Lenders’ Representative of its intention to issue a Termination aTermination Notice and grant 15 (fifteen) daysDays’ time to the Senior Lenders’ Representative to /Senior Lenders’Representativeto make a representation, stating the intention to substitute the Concessionaire by Concessionaireby a Nominated CompanySelectee. 3.3.2 In the event that the Senior Lenders/ Senior Lenders’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the SeniorLenders/ Senior Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement thisAgreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension termination and/or suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eightyandeighty) daysDays; provided that upon written request from the Lenders’ Representative and the Senior Lenders/ Senior Lenders’Representative andthe Concessionaire, the Concessioning Authority shall extend the aforesaid period aforesaidperiod of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice inform the Lenders/Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ Days time to the Lenders/Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySelectee. 3.3.2 In the event that the Lenders/Lenders’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the Lenders/Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension termination and/or suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eighty) daysDays; provided that upon written request from the Lenders/Lenders’ Representative and the Concessionaire, the Concessioning Authority shall extend the aforesaid period of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Lenders‟ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ days‟ time to the Lenders’ Lenders‟ Representative to make a representation, representation stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Lenders‟ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Lenders‟ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; , provided that upon written request from the Lenders’ Lenders‟ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ Lenders‟ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ days‟ time to the Lenders’ Lenders‟ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Lenders‟ Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Lenders‟ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Lenders‟ Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 (a) Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ ' Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ days time to the Lenders’ ' Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 (b) In the event that the Lenders’ ' Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ ' Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ ' Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority shall by a notice inform the Lenders’ ' Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ time days to the Lenders’ ' Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated CompanySubstitute Entity. 3.3.2 In the event that the Lenders’ ' Representative makes a representation to the Authority within the period of 15 (fifteen) days specified in Clause Article 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySubstitute Entity, the Lenders’ ' Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Substitute Entity in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ ' Representative and the Concessionaire, the Authority shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereof.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Concessioning Authority shall by a notice inform the Lenders/Xxxxxxx’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) daysDays’ time to the Lenders/Xxxxxxx’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 Selectee. In the event that the Lenders/Xxxxxxx’ Representative makes a representation to the Concessioning Authority within the period of 15 (fifteen) days Days specified in Clause 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated CompanySelectee, the Lenders/Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company Selectee in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days Days from the date of such representation, and the Concessioning Authority shall either withhold Termination or undertake Suspension and/or Suspend the rights of the Concessionaire for the aforesaid period of 180 (one hundred and eighty) daysDays; provided that upon written request from the Lenders/Lenders’ Representative and the Concessionaire, the Concessioning Authority shall extend the aforesaid period of 180 (one hundred and eighty) days Days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofDays.

Substitution upon occurrence of Concessionaire Default. 3.3.1 Upon occurrence of a Concessionaire Default, the Authority Railway Administration shall by a notice inform the Lenders’ Representative of its intention to issue a Termination Notice and grant 15 (fifteen) days’ days time to the Lenders’ Representative to make a representation, stating the intention to substitute the Concessionaire by a Nominated Company. 3.3.2 In the event that the Lenders’ Representative makes a representation to the Authority Railway Administration within the period of 15 (fifteen) days specified in Clause Article 3.3.1, stating that it intends to substitute the Concessionaire by a Nominated Company, the Lenders’ Representative shall be entitled to undertake and complete the substitution of the Concessionaire by a Nominated Company in accordance with the provisions of this Agreement within a period of 180 (one hundred and eighty) days from the date of such representation, and the Authority Railway Administration shall either withhold Termination or undertake Suspension for the aforesaid period of 180 (one hundred and eighty) days; provided that upon written request from the Lenders’ Representative and the Concessionaire, the Authority Railway Administration shall extend the aforesaid period of 180 (one hundred and eighty) days by a period not exceeding 90 (ninety) days; provided further that the Lenders’ Representative , as Railway Administration may at any time withdraw its representation hereunder and upon such withdrawal, the Authority may terminate this Agreement in accordance with the provisions hereofdeem appropriate.