Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 3 contracts
Samples: Model] Substitution Agreement, Substitution Agreement, Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority Railway Administration for its information and record. A Notice of Financial Default under this Clause Article 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 2 contracts
Samples: Concession Agreement, Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Lenders‟ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause Article 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Senior Lenders/Senior Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along Default”)along with particulars thereof, thereof and send a copy to the Concessioning Authority for its information and informationand record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and ofsuchFinancialDefaultand it shall be final and binding upon the Concessionaire for the purposes of finalandbindinguponthe Concessionaireforthepurposesof this Agreement.
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 3.2.1. Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, thereof and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 2 contracts
Samples: Escrow Agreement, Escrow Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ ' Representative may issue a notice to the Concessionaire (the “"Notice of Financial Default”") along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 2 contracts
Samples: Section 2, Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 3.2.1. Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 2 contracts
Substitution upon occurrence of Financial Default. 3.2.1 1.4.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Draft Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 3.2.1 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 a. Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire Contractor (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire Contractor for the purposes of this Agreement.
Appears in 1 contract
Samples: Escrow Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Senior Lenders/Senior Lenders’ Representative may issue a notice to the Concessionaire Operator (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire Operator for the purposes of this Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 1.2.1 Upon occurrence of a Financial Default, the LendersLenders/ Xxxxxxx’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire Developer (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority Employer for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire Developer for the purposes of this Agreement. .
Appears in 1 contract
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the LendersLenders/ Xxxxxxx’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Senior Lenders/Senior Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Draft Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire Developer (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 Article III shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire Developer for the purposes of this the Substitution Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders/Xxxxxxx’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ ' Representative may issue a notice to the Concessionaire (the “"Notice of Financial Default”") along with particulars thereof, and send a copy to the Authority ULB for its information and record. A Notice of Financial Default under this Clause Article 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause Article 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Escrow Agreement
Substitution upon occurrence of Financial Default. 3.2.1 3.2.1. Upon occurrence of a Financial Default, the Lenders’ Representative may issue a notice to the Concessionaire Lessee (the “Notice of Financial Default”) along with relevant particulars thereof, thereof and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 3.2 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire Lessee for the purposes of this Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ Lenders‟ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 3.5 Upon occurrence of a Financial Default, the LendersLenders/ Xxxxxxx’ Representative may issue a notice to the Concessionaire (the “‚Notice of Financial Default”Default‛) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Substitution Agreement
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders’ ' Representative may issue a notice to the Concessionaire (the “"Notice of Financial Default”") along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause Article 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement
Substitution upon occurrence of Financial Default. 3.2.1 (a) Upon occurrence of a Financial Default, the Lenders’ ' Representative may issue a notice to the Concessionaire (the “"Notice of Financial Default”") along with particulars thereof, and send a copy to the Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Section 2
Substitution upon occurrence of Financial Default. 3.2.1 Upon occurrence of a Financial Default, the Lenders/Lenders’ Representative may issue a notice to the Concessionaire (the “Notice of Financial Default”) along with particulars thereof, and send a copy to the Concessioning Authority for its information and record. A Notice of Financial Default under this Clause 3 shall be conclusive evidence of such Financial Default and it shall be final and binding upon the Concessionaire for the purposes of this Agreement.
Appears in 1 contract
Samples: Concession Agreement