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

Substitution upon occurrence of Financial Default. 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.

Substitution upon occurrence of Financial Default. 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.

Substitution upon occurrence of Financial Default. 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.

Substitution upon occurrence of Financial Default. 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.

Substitution upon occurrence of Financial Default. Upon occurrence of a Financial Default, the Lenders' Lenders/ 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.