Nominated Company definition

Nominated Company means a company selected by the Lenders’ Representative and proposed to the Authority for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement;

Nominated Company means the entity that is selected either by the Lenders’ Representative or by Authority for substituting the Developer, upon the occurrence of a Developer’s Event of Default or Financial Default, in terms of the provisions of the Agreement and the Substitution Agreement;

Nominated Company means a company, incorporated under the provisions of the Companies Act, 2013, selected by the Lenders’ Representative, on behalf of Senior Lenders, and proposed to the Authority for assignment/transfer of the Concession as provided in this Agreement;

Examples of Nominated Company in a sentence

• The Concessionaire shall get replaced by the Nominated Company for all purposes related to the Project.

• The decision of the Lenders’ Representative and the Authority in selection of the Nominated Company shall be final and binding on the Concessionaire.

• 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 Developer for the purposes of this Agreement.3.2.2 Upon issue of a Notice of Financial Default hereunder, the Lenders’ Representative may, without prejudice to any of its rights or remedies under this Agreement or the Financing Agreements, substitute the Developer by a Nominated Company in accordance with the provisions of this Agreement.

• Such Nominated Company shall have to agree to bear all the liabilities of the Concessionaire in terms of this Agreement and Financing Agreement.

• The Developer shall ensure and procure that each Project Agreement contains provisions that entitle the Nominated Company to step into such Project Agreement, in its consent, in place and substitution of the Developer in the event of such Nominated Company’s assumption of the liabilities and obligations of the Developer under the Development Agreement.

More Definitions of Nominated Company

Nominated Company means a company, incorporated under the provisions of the applicable regulations in India selected by the Lenders’ Representative, on behalf of Senior Lenders, and proposed to the Authority for assignment / transfer of the Concession as provided in this Agreement;

Nominated Company means a company selected by the Lenders‟ Representative and proposed to the Authority for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement;

Nominated Company means a company, incorporated under the provisions of the Companies Act, 1956, selected by the Lenders’ Representative, on behalf of the Lenders, and proposed to the Railway Administration for assignment/transfer of the Concession as provided in this Agreement;

Nominated Company means (i) a company selected by the Lender/Bank/ Lender’s Representative and proposed to CWC for substituting the Bidder/Operator in accordance with the provisions of the Substitution Agreement and the Agreement entered between CWC & Operator/Bidder for running the facility or (ii) wherever the Selected Bidder/Consortium Members of the Bidder/Operator are sought to be substituted in accordance Clause 3A of this Agreement and the Agreement entered between CWC & Operator/Bidder for running the facility, the Bidder/Operator itself;

Nominated Company means Time Warner Limited, a U.K. private limited company.

Nominated Company shall have the meaning ascribed to it in Clause7.1.2;

Nominated Company means a company selected by the Lenders’ Representative and proposed to the Participating ULBs for substituting the Concessionaire in accordance with the provisions of the Substitution Agreement Non-Political Event shall have the meaning set forth in Clause 25.2 O&M means the operation and maintenance of the Project and includes all matters connected with or incidental to such operation and maintenance and provision of services and facilities in accordance with the provisions of this Agreement, set forth in Clause 12.3 O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations O&M Contractor means the person, if any, with whom the Concessionaire has entered into an O&M Contract for discharging O&M obligations for and on behalf of the Concessionaire O&M Expenses means expenses incurred by or on behalf of the Concessionaire or by the Participating ULBs, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) premia for insurance, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement O&M Inspection Report shall have the meaning set forth in Clause 19.2 O&M Plan shall mean the plan referred to in Schedule 10, Clause 10.2(a)(ii) O&M Requirements the requirements as to operation and maintenance of the Project Facilities set forth in the Schedule 10 Obligated Quantity 125% of the Assured Quantity of MSW for the Cluster in the first Financial Year Operation & Maintenance Manual or O&M Manual shall have the meaning ascribed to it in Clause 16.2 Operation Period means the period commencing from COD and ending on the Transfer Date Organic Waste such type of Waste that can be degraded by microorganisms Panel of Chartered Accountants shall have the meaning set forth in Clause 24.2.1 Participating ULBs The identified beneficiary Urban Local Bodies (municipal corporations/councils) which have consented to participate in the Project and agreed to deliver MSW to the Concessionaire and have signed Concession Ag...