Substitution Agreement shall have the meaning set forth in Section 3.13.1 of this Agreement.

Substitution Agreement means the substitution agreement, substantially in the form set forth in the Schedules as entered into/ proposed to be entered into between the Authority, Developer, and the Lenders in relation to the substitution of the Developer with the Nominated Company in accordance with the Agreement;

Substitution Agreement is an agreement that may be executed between the Concessionaire, the Authority and the Lenders in the form set out in Schedule 8, pursuant to which, in case of Default by the Concessionaire including any Financial Default, Lenders (through its nominee) shall be allowed to take charge of the Concessionaire’s roles and responsibilities under this Agreement;

Examples of Substitution Agreement in a sentence

For the avoidance of doubt, the restriction imposed herein shall not apply to assignment under the Substitution Agreement.
This Substitution Agreement is intended for the benefit of the parties hereto, ILIAC and the Permitted Assignees.
Test 3.3(p) – 1: No Amendments Observe the Receivable in Ford Credit’s receivables systems and confirm a "Substitution Agreement" and/or "Transfer of Equity" account message is not indicated or, if so, confirm a substitution agreement and/or transfer agreement is in the Receivable File.
The Parties hereto acknowledge and agree that upon substitution of the Concessionaire with the Nominated Company, pursuant to the Substitution Agreement, it shall be deemed for the purposes of this Agreement that the Nominated Company is a Party hereto and the Nominated Company shall accordingly be deemed to have succeeded to the rights and obligations of the Concessionaire under this Agreement on and with effect from the date of substitution of the Concessionaire with the Nominated Company.
In the event the Authority receives such representation on behalf of Senior Lenders, it shall, in its discretion, either withhold Termination for a period not exceeding 180 (one hundred and eighty) days from the date of such representation or exercise its right of Suspension, as the case may be, for enabling the Lenders' Representative to exercise the Senior Lenders’ right of substitution in accordance with the Substitution Agreement.

More Definitions of Substitution Agreement

Substitution Agreement means the agreement set out in Schedule XI.

Substitution Agreement means as defined in Article 27.3;

Substitution Agreement means the agreement substantially in the form set out at Schedule K to be entered into amongst MCD, Lenders and the Concessionaire.

Substitution Agreement has the meaning assigned to such term in SECTION 9.11.1.

Substitution Agreement has the meaning assigned to such term in Section 9.11.