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

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 of the Concession Agreement.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 6 of the Concession Agreement.

Appears in 2 contracts

Samples: Section 2, Section 2

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 31 of the Concession Agreement.

Appears in 2 contracts

Samples: Substitution Agreement, Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 30 of the Concession Agreement.

Appears in 2 contracts

Samples: Concession Agreement, Escrow Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 37 of the Concession Agreement.

Appears in 1 contract

Samples: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 34 of the Concession Agreement.

Appears in 1 contract

Samples: Model] Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 13 of the Concession Agreement.

Appears in 1 contract

Samples: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 37 of the Concession Agreement.

Appears in 1 contract

Samples: Substitution Agreement

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Termination upon occurrence of Financial Default. 1.6.1.1 At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 37 of the Concession Agreement.

Appears in 1 contract

Samples: Draft Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 22 and 23 of the Concession Agreement.

Appears in 1 contract

Samples: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Lease Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 20 of the Concession Lease Agreement.

Appears in 1 contract

Samples: Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Senior Lenders/Senior Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and terminate the Agreement in accordance with the provisions of Article 32 of the Concession Agreement.

Appears in 1 contract

Samples: Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders‟ Lenders' Representative may by a notice in writing require the Authority to terminate the Concession License Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 32 of the Concession License Agreement.

Appears in 1 contract

Samples: Format for Escrow Agreement

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