Substitute Entity definition

Substitute Entity means the entity defined in the Substitution Agreement.

Substitute Entity any Person nominated to replace the Private Party in this PPP Agreement and who has entered into the requisite agreements, all in accordance with the procedures set out in Clause 18 hereof;

Substitute Entity shall have the meaning specified in Section 3.11.

Examples of Substitute Entity in a sentence

• However, one share of the issued and outstanding shares of Capital Stock of Newco or the Substitute Entity may be held by TWG so long as such share is pledged by TWG to the Trustee to secure repayment of the Finance Note.

• TWG may own one percent (1%) of the outstanding Capital Stock of Newco or the Substitute Entity so long as such shares are pledged to the Trustee by TWG to secure the repayment of the Securities.

• Nothing herein shall be deemed to grant the Issuer the discretion to refuse to cause Newco or the Substitute Entity and the Cyprus Entity to be direct Wholly-Owned Subsidiaries of Issuer (except as permitted in Section 3.11 of this Indenture) or to grant the requisite Security Interest in the Capital Stock thereof.

• During the Step-in Period, the Sponsor shall owe its obligations, liabilities and duties with respect to the performance of the Management Agreement to the Borrower and the Substitute Entity jointly but receipt of, or performance by the Sponsor in favour of, either of them shall be a good discharge.

• TWG may own one share of the outstanding Capital Stock of Newco or the Substitute Entity so long as such share is pledged to TWG Finance and the Trustee of the Finance Indenture to secure repayment of the Funding Note.

More Definitions of Substitute Entity

Substitute Entity means the entity specified in Clause 13.4.

Substitute Entity means any person or entity selected by the Council or the Lenders to replace the Concessionaire and who has entered into the requisite agreements, in accordance with the provisions of 62;

Substitute Entity means the entity defined in the Substitution Agreement. lx) “Substitution Agreement” means the agreement set out in Schedule-7.

Substitute Entity means a person duly appointed to be the new contractor in replacement of the Contractor in accordance with the Direct Agreement;

Substitute Entity means the entity defined in the Substitution Agreement;

Substitute Entity means the legal entity, more particularly defined in the Financing Agreements, nominated by the Lenders under the terms of the Financing Agreements to substitute the Concessionaire under this Agreement and the Project Agreements and to continue the implementation of the Project

Substitute Entity a person duly and properly appointed to be the new Facility Operator in the place and stead of the Facility Operator in terms of the FDA;