Selectee definition

Selectee means an Indian company within the meaning of Xxxxxxxxx Xxx, 0000, selected by the Lenders and proposed to the LICENSOR for the purpose of assignment/transfer of the LICENCE as provided in this AGREEMENT.
Selectee means, a new company (i) proposed by the Lenders read with Schedule Ill hereof and approved .by the Purchaser (ii) or proposed by the Purchaser in accordance. with Schedule III hereof and approved by-the Lenders, for substituting the Power Producer for the residual period of the Agreement by amendment of the Agreement or by execution of a fresh power purchase agreement in-accordance with the terms and conditions contained in the said Schedule.
Selectee means, a new company (i) proposed by the Lenders read with Schedule Ill hereof and approved .by the Purchaser (ii) or proposed by the Purchaser in accordance with Schedule III here of and approved by the Lenders, for substituting the Power Producer for the residual period of the Agreement by amendment of the Agreement or by execution of a fresh power purchase agreement in-accordance with the terms and conditions contained in the saidSchedule.

Examples of Selectee in a sentence

  • The receivership shall be co-terminus with the transfer/assignment/ endorsement of the LICENSE to a Selectee.


More Definitions of Selectee

Selectee has the meaning ascribed to it in Article 15.4(b).
Selectee hasthe meaning ascribed to it in Article 15.4(b).
Selectee means a developer, proposed by the Lender pursuant to the terms of this PPA and approved by the DISCOM for substituting the Solar Power Developer for the residual period of the PPA, provided such selectee shall meet the eligibility criteria of the RfS issued by TSSPDCL.
Selectee shall have the meaning given to such expression in Clause 21.3.3(c).