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 a subsidiary company or related company nominated under subsection (1);

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;