Concessionaire Event of Default shall have the meaning as set out under Article 15.1 (a).
Concessionaire Event of Default shall have the meaning assigned thereto in Article 14.2;
Concessionaire Event of Default shall have the meaning assigned thereto in
Examples of Concessionaire Event of Default in a sentence
Event of Default means the Concessionaire Event of Default or the Concessioning Authority Event of Default or both as the context may admit or require.
Event of Default shall mean either Concessionaire Event of Default or the Authority Event of Default or both as the context may admit or require.
Ten Lakhs) in any quarter, the same shall be deemed as Concessionaire Event of Default and shall make the Agreement liable for termination.
It is clarified that this provision does not prejudice the rights of the Concessioning Authority upon a Concessionaire Event of Default as set out in Article 15 including the Concessioning Authority’s right to terminate this Agreement which shall remain unaffected.
Failure to do so, for any reason other than Concessionaire Event of Default, shall constitute an event of default by Concessioning Authority ("Concessioning Authority Event of Default”).
More Definitions of Concessionaire Event of Default
Concessionaire Event of Default shall have the meaning as set out under Article 15.1 (a). “Concession Period” meanstheperiod of the Concessionspecified in Article 2.2ofthis Agreement. “Conciliation & Settlement Committee” shall have the meaning assigned to it under Article 19.3 “Conditions Precedent” shall mean the conditions prescribed in Article 3 of this Agreement.
Concessionaire Event of Default shall have the meaning given to the phrase in Clause 16.1(a).
Concessionaire Event of Default shall have the meaning ascribed to it in Article 6.1 (a). “Concessionaire's Proposal to Rectify” shall have the meaning ascribed to it in Article 6.2 (a)(ii). "Concessioning Authority Event of Default" shall have the meaning ascribed to it in Article 6.1 (b). "Concessioning Authority Proposal to Rectify" shall have the meaning ascribed to it in Article 6.2 (b)(ii).
Concessionaire Event of Default has the meaning given to it in Clause 13.1;
Concessionaire Event of Default has the meaning given in Article 40.1. "Concessionaire Notice of Variation" has the meaning given in Article 35.2.1.
Concessionaire Event of Default means any of the following events arising out of any acts or omissions of the Concessionaire and which have not occurred as a consequence of any Authority Event of Default, a Qualifying Change in Law, a Fundamental Change in Law (define in definitions) or a Force Majeure Event and where the Concessionaire has failed to remedy the defects specified in the Remedial Action Notice:
(i) any abandonment by the Concessionaire which shall mean a total cessation of the Construction Works or the performance of the Services or other obligations of the Concessionaire for a continuous period of 90 (ninety) Days, other than as a result of a Force Majeure Event, a Qualifying Change in Law, a Fundamental Change in Law or a suspension in accordance with this Agreement;
(ii) failure of the Concessionaire to commence the Construction Works within the time stipulated herein;
(iii) failure of the Concessionaire to complete the construction of a given Inspection Station within the Grace Period allowed after the Scheduled date of becoming functional;
(iv) failure of the Concessionaire to complete the delay List Items successfully within the aggregate 90 (ninety) Day period;
(v) failure of the Concessionaire to complete the Tests successfully within the Grace Period allowed after the Scheduled functional date for a given Facility.
(vi) the breach by the Concessionaire of its obligations under this Agreement which materially and adversely affects the performance of the Services;
(vii) any material representation made or warranties given by the Concessionaire under this Agreement being found to be false or misleading;
(viii) failure of the Concessionaire to obtain and maintain a valid Performance Security.
(ix) A Material Breach of the Concessionaire’s obligations under this Agreement.
(x) The Concessionaire entering into liquidation or similar state or if any order is made for the compulsory winding up or dissolution of the Concessionaire or if the Concessionaire becomes unable to pay its debts or the appointment of a receiver or administrator in respect of the Concessionaire, its business and assets or any re-structuring, re-organisation, amalgamation, arrangement or compromise affecting the Concessionaire's ability to fulfil its obligations under this Agreement or that otherwise has or may have a Material Adverse Effect; or the breach of the Concessionaire's obligations under any of the Project Agreements.
Concessionaire Event of Default shall have the meaning ascribed to in the Concession Agreement.