Lenders’ Representative definition

Lenders’ Representative means the person duly authorised by the Senior Lenders to act for and on behalf of the Senior Lenders with regard to matters arising out of or in relation to this Agreement, and includes his successors, assigns and substitutes;

Lenders’ Representative means the person referred to as the Lenders’ Representative in the foregoing Recitals;

Lenders’ Representative means the person notified by the Lender(s) in writing as being the representative of the Lender(s) or the Security Trustee and such person may from time to time be replaced by the Lender(s) pursuant to the Financing Agreements by written notice to the TSP;

Examples of Lenders’ Representative in a sentence

• Metro in case of non-substitution In the event that no company is nominated by the Lender’s Representative to act as the Nominated Company or the company nominated by the Lenders’ Representative in terms of Clause 27.2.1 is not acceptable to Maha-Metro, Maha-Metro shall terminate this agreement with the Concessionaire.

• In the event of Concessionaire Default which is not rectified in time, Maha-Metro shall, if there be any Lenders, send a copy of the Termination Notice to the Lenders’ Representative to inform and grant 15 (Fifteen) days to the Lenders’ Representative, for making a representation on behalf of the Lenders stating the intention to substitute the Concessionaire.

• In case Maha-Metro receives a representation on behalf of the Lenders, within the aforesaid period, Maha-Metro shall withhold the termination for a period not exceeding 180 (one hundred and eighty) days, for enabling the Lenders’ Representative to exercise the Lenders’ right of substitution in accordance with the Substitution Agreement and substitute the Concessionaire with a Nominated Company.

• Suspension hereunder shall be effective forthwith upon issue of notice by Maha-Metro to the Concessionaire and may extend up to a period not exceeding 180 (one hundred and eighty) days from the date of issue of such notice; provided that upon written request from the Concessionaire and the Lenders’ Representative, Maha-Metro shall extend the aforesaid period of 180 (one hundred and eighty) days by a further period not exceeding 90 (ninety) days.

More Definitions of Lenders’ Representative

Lenders’ Representative means the Lender or Lenders’ agent duly authorized by all the Lenders to act for and on behalf of the consortium of Lenders with regard to matter arising out of and in relation to the Financing Agreements and includes its successors, assigns and substitutes;

Lenders’ Representative means any entity or individual that is designated by Lender to serve in such capacity.

Lenders’ Representative means any person who is authorised to represent the Lenders in connection with this Contract.

Lenders’ Representative means the person notified by the Lenders in writing as being the representative of the Lenders and such person may from time to time be replaced

Lenders’ Representative means the person referred to as the Lenders’ Representative in the foregoing Title Clause;]

Lenders’ Representative means the person notified by the Lenders in writing as being the representative of the Lenders and such person may from time to time be replaced by the Lenders pursuant to the Financing Agreements by written notice to the concerned ISTS Licensee;

Lenders’ Representative means the person referred to as the Lenders’ Representative in theforegoing Recitals;