Conditions Precedent for the Concessionaire Sample Clauses

The 'Conditions Precedent for the Concessionaire' clause defines specific requirements or actions that the concessionaire must fulfill before the concession agreement becomes fully effective or before certain rights and obligations can be exercised. These conditions might include obtaining necessary permits, securing financing, or providing performance guarantees. By setting out these prerequisites, the clause ensures that the concessionaire is adequately prepared and that key risks are addressed before the project proceeds, thereby protecting the interests of both parties and facilitating a smooth project commencement.
Conditions Precedent for the Concessionaire. The Concessionaire shall have:- i. Prepared a concept plan for the Project and preliminary project cost estimates, including the area statement, block drawings, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Byelaws, Norms, etc and submit to the Concessioning Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this the Concession Agreement in the concept plan within a period of 3 0 days from the Appointed Date. The Concessionaire shall also be required to submit a copy of the documents and drawings to the Independent Consultant for its review. CHB shall include the comments and suggestions received from Independent Consultant in the suggestions and amendments given by CHB to Concessionaire. ii. Incorporated the necessary suggestions / amendments proposed by the Concessioning Authority in its concept plan, within a period of 10 (ten) days from the date of receipt of such suggestions from the Concessioning Authority and submit again for approval. iii. Provided the Concessioning Authority copies (certified as true by the Director of the Concessionaire) of all resolutions adopted by the Board of Directors of the Concessionaire authorizing the execution, delivery and performance of the Concession Agreement by the Concessionaire. iv. Delivered to the Concessioning Authority, a legal opinion from the legal counsel of the Concessionaire with respect to the authority of the Concessionaire to enter into the Agreement and the enforceability of the provisions thereof. v. Executed and procured execution of the Substitution Agreement. vi. Executed the Financing Agreements and delivered to the Concessioning Authority, 3 (three) true copies thereof, duly attested by a Director of the Concessionaire.
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Conditions Precedent for the Concessionaire. 4.4.1. The Conditions Precedent required to be satisfied bythe Concessionaire within a period of [180 (one hundred and eighty)] days from the Execution date,and the Conditions Precedent required to be satisfied by the Concessionaire shall be deemed to have been fulfilled when the Concessionaire shall have: a) Provided Construction Performance Security to the ULB; b) procured all the Applicable Permits specified in Schedule 2 unconditionally and if subject to conditions, all such conditions required to be fulfilled by the date specified therein shall have been satisfied in full and such Applicable Permits are in full force and effect; c) executed the Financing Agreements and delivered to the ULB 3 (three) true copies thereof, duly attested by a Director/CFO/CS of the Concessionaire; d) delivered to the ULB, 3 (three) true copies of the Financial Package and the Financial Model, duly attested by a Director/CFO/CS of the Concessionaire, along with a soft copy of the Financial Model in MS Excel version or any substitute thereof, which is acceptable to the Lenders; e) delivered to the ULB a confirmation from the Selected Bidder/each of the Consortium member, in original, of the correctness of their representations and Warranties set forth in Clause 7.1(m), Clause 7.1(n)and Clause 7.1(o). f) Executed and procured execution of the Escrow Agreement with the Authority / ULB, and the Escrow Bank in accordance with Article 26; g) Provided proof of its shareholding pattern, evidenced by certificates from the authorised signatory of the Concessionaire h) Executed and procured execution of Substitution Agreement with the Authority and the Lenders in the agreed form set out in Schedule 18; i) Taken over vacant and unencumbered possession of all the Site(s). from the Authority; j) Delivered to the ULB the Operations Plan as per Schedule11; k) delivered to the ULB a legal opinion from the legal counsel of the Concessionaire with respect to the authority of the Concessionaire to enter into this Agreement and the enforceability of the provisions thereof: l) Provided that upon request in writing by the Concessionaire, the ULB may, in its discretion, waive any of the Conditions Precedent set forth in this Clause 4.4. For the avoidance of doubt, the ULB may, in its sole discretion, grant any waiver hereunder with such conditions as it may deem fit.
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Conditions Precedent for the Concessionaire. The Conditions Precedent required to be satisfied by the Concessionaire within a period of [90 (ninety) days] from the date of signing of this Agreement (“Concessionaire Conditions Precedent”) shall be deemed to have been fulfilled when the Concessionaire shall have:
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Conditions Precedent for the Concessionaire. The Concessionaire shall have:- i) Within 60 days after execution of Concession Agreement, the concessionaire shall appoint and enter into a binding agreement with Golf course Architect of international repute and who has successfully executed atleast one operational Golf Courses during last 5 years. The term International repute here means “The consultant appointed by the successful bidder should be a member of any one of these societies viz. The European Institute of Golf Course Architects, American Society of Golf Course Architects”. ii) Prepared a concept plan for the Project and DPR including project cost estimates, including the area statement, block drawings, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Building Bye laws, Norms of Naya Raipur Development Plan 2031 etc and submit to the Concessioning Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this Concession Agreement in the DPR and concept plan within a period of 60 days (Sixty days) from the Appointed Date. The Concessionaire shall also be required to submit a copy of the documents and drawings to the Independent Engineer for its review. NRDA shall include the comments and suggestions received from Independent Engineer in the suggestions and amendments given by NRDA to Concessionaire.
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Conditions Precedent for the Concessionaire. The Conditions Precedent required to be satisfied by the Concessionaire within, unless specifically stated, a period of 180 (one hundred and eighty) days from the date of this Agreement or within any extended date agreed by the Authority, and in any case prior to the Appointed Date (as defined in Clause 12.1) shall be deemed to have been fulfilled when the Concessionaire shall have: a. provided Performance Security to the Authority within the timelines and in terms of Clause 9.1 herein below; b. delivered to the Authority a legal opinion from the legal counsel of the Concessionaire with respect to the authority of the Concessionaire to enter into this Agreement and the enforceability of the provisions thereof; c. executed and procured execution of the Substitution Agreement with the Authority and the Lenders (if any) financing the Debt component of the Concession Fee; ▇. executed and procured execution of the Escrow Agreement; e. executed the Financing Agreements with ▇▇▇▇▇▇▇, fulfilled the preconditions set out therein, and achieved Financial Closure and delivered to the Authority true copies each of the Financial Agreements, Financial Package, and the Financial Model acceptable to Lenders in respect of financing of the Debt, duly attested by a Director of the Concessionaire; f. paid the Concession Fee to the Authority, within a maximum period of 180 (one hundred and eighty) days from the date of this Agreement or such other extended date agreeable to the Authority provided the same is prior to the Appointed Date, an aggregate amount equivalent to Rs. [●] (Rupees [●]) by way of a demand draft drawn on a Bank in India in favour of the Authority, and payable at New Delhi. Upon expiry of 7 (seven) days from the date of payment of the Concession Fee by the Concessionaire, the Bid Security shall be returned by the Authority to the Concessionaire; g. submitted a draft Asset Takeover Plan to the Authority and finalise the same with the Authority; h. provided to the Authority in writing any observations on information on Assets, as shared in Schedule A of this Agreement and confirm the acceptance of the same, after any changes done by the Authority either on its own or based on observations of Concessionaire; and i. executed the assignment and novation of all retrospective agreements and entered into all Project Agreements, as required by the Authority, for implementation of the Project.
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Related to Conditions Precedent for the Concessionaire

  • Conditions Precedent to EFFECTIVENESS OF SECTIONS 2.01 AND 2.03. Sections 2.01 and 2.03 of this Agreement shall become effective on and as of the first date (the "EFFECTIVE DATE") on which the following conditions precedent to the initial Advance by any Lender have been satisfied: (a) There shall exist no action, suit, investigation, litigation or proceeding affecting the Company or any of its Consolidated Subsidiaries pending or threatened before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby. (b) Nothing shall have come to the attention of the Lenders during the course of their due diligence investigation to lead them to believe that the Information Memorandum was or has become misleading, incorrect or incomplete in any material respect; without limiting the generality of the foregoing, the Lenders shall have been given such access to the management, records, books of account, contracts and properties of the Company and its Consolidated Subsidiaries as they shall have reasonably requested as a basis for making its decision to enter into its commitment hereunder. (c) All governmental and third party consents and approvals necessary in connection with the transactions by the Company contemplated hereby shall have been obtained (without the imposition of any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes materially adverse conditions upon the transactions contemplated hereby. (d) The Company shall have notified the Agent in writing as to the proposed Effective Date. (e) The Company shall have paid all accrued fees and expenses of the Agent and the Lenders (including the invoiced accrued fees and expenses of counsel to the Agent). (f) On the Effective Date, the following statements shall be true and the Agent shall have received for the account of each Lender a certificate signed by a duly authorized officer of the Company, dated the Effective Date, stating that: (i) The representations and warranties contained in Section 4.01 are correct on and as of the Effective Date, and (ii) No event has occurred and is continuing that constitutes a Default. (g) The Agent shall have received on or before the Effective Date the following, each dated such day, in form and substance satisfactory to the Agent and (except for the Revolving Credit Notes) in sufficient copies for each Lender: (i) The Revolving Credit Notes of the Company to the order of the Lenders to the extent requested by any Lender pursuant to Section 2.16. (ii) Certified copies of the resolutions of the Board of Directors of the Company approving this Agreement and the Notes to be delivered by it, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Notes to be delivered by it. (iii) A certificate of the Secretary or an Assistant Secretary of the Company certifying the names and true signatures of the officers of the Company authorized to sign this Agreement and the Notes to be delivered by it and the other documents to be delivered by it hereunder. (iv) A favorable opinion of Nicholas J. Camera, General Counsel of the Compa▇▇, ▇▇▇ ▇▇ ▇leary, Gottlieb, Steen & Hamilton, counsel for the Company, substan▇▇▇▇▇y in the form of Exhibits D-1 and D-2 hereto, respectively. (v) A favorable opinion of Shearman & Sterling, counsel for the Agent, in form and substance satisfactory to the Agent. (h) The termination of the commitments of the Lenders and the payment in full of all Debt outstanding under the bilateral credit agreements and other confirmed lines of credit listed on Schedule 3.01(h).

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to: (a) the representations and warranties in clause 4 (Representations and warranties) being true and correct on the Effective Date as if each was made with respect to the facts and circumstances existing at such time; and (b) no Event of Default or Default having occurred and continuing at the time of the Effective Date.

  • Conditions Precedent to All Purchases (a) The obligation of the Intermediate Seller to purchase the Collateral from the Seller and the obligation of the Buyer to purchase the Collateral from the Intermediate Seller, in each case on the Closing Date, shall be subject to the satisfaction of the following conditions precedent that: (i) all representations and warranties (A) of the Seller contained in Sections 4.01 and 4.02 and (B) of the Intermediate Seller contained in Sections 4.03 and 4.04, as applicable, shall be true and correct in all material respects on and as the Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); and (ii) the Seller shall have delivered to the Intermediate Seller and the Buyer duly completed Loan Lists that are true, accurate and complete in all respects as of the Closing Date, which lists are made a part of this Agreement. (b) The obligation of the Intermediate Seller to purchase the Collateral from the Seller and the obligation of the Buyer to purchase the Collateral from the Intermediate Seller on any Purchase Date after the Closing Date shall be subject to the satisfaction of the following conditions precedent that: (i) all representations and warranties (A) of the Seller contained in Sections 4.01 and 4.02 and (B) of the Intermediate Seller contained in Sections 4.03 and 4.04, as applicable, shall be true and correct in all material respects on and as of such date as though made on and as of such date and shall be deemed to have been made on and as of such date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); and (ii) the Seller shall have delivered to the Intermediate Seller and the Buyer a duly completed Loan List that is true, accurate and complete in all respects as of the related Purchase Date, which list shall be as of such date incorporated into and made a part of this Agreement and an assignment substantially in the form of Exhibit A hereto, as applicable.

  • Conditions Precedent This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”), subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to Obligations of Purchaser The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser in whole or in part to the extent permitted by applicable Law): (a) the representations and warranties of Seller set forth in this Agreement and in each of the Transaction Documents shall be true and correct in all material respects as of the Closing Date as though made on and as of the Closing Date, except that those representations and warranties that are modified as to materiality or contain a qualification referring to a “Material Adverse Effect” or any similar modification or qualification shall be true and correct in all respects as of said dates; (b) Seller shall have performed and complied in all material respects with all obligations and agreements required in this Agreement to be performed or complied with by them prior to the Closing Date; (c) Purchaser shall have received a certificate signed by an authorized officer of Seller, dated the Closing Date, certifying that the conditions contained in Sections 9.1(a) and 9.1(b) have been fulfilled; (d) there shall not be in effect on the Closing Date any Order or Law restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated by this Agreement or any of the Transaction Documents or that could reasonably be expected to otherwise result in a material diminution of the benefits of the transactions contemplated by this Agreement or any of the Transaction Documents to Purchaser, and there shall not be pending or threatened on the Closing Date any action in, before or by any Governmental Body that could reasonably be expected to result in the issuance of any such Order or the enactment, promulgation or deemed applicability of any such Law to Purchaser or the transactions contemplated by this Agreement or any of the Transaction Documents; (e) there shall not be any action, suit, or proceeding pending or threatened before any Governmental Body that could reasonably be expected to (i) prevent consummation of any of the transactions contemplated by this Agreement or the Transaction Documents, (ii) cause any of the transactions contemplated by this Agreement to be rescinded following consummation, or (iii) have a Seller Material Adverse Effect on the right of Purchaser to own the Purchased Shares or to own and operate the Purchased Assets (and no such Order shall be in effect); (f) [Reserved];