Obligations relating to Change in Ownership. The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior written approval from the Authority. For the avoidance of doubt, it is expressly agreed that approval of the Authority hereunder shall be as per the provisions of this Concession Agreement and limited to national security and public interest perspective, and the Authority shall endeavour to convey its decision thereon expeditiously. It is also agreed that the Authority shall not be liable in any manner on account of grant or otherwise of such approval and that such approval or denial thereof shall not in any manner absolve the Concessionaire from any liability or obligation under this Agreement.
Appears in 2 contracts
Sources: Concession Agreement, Concession Agreement
Obligations relating to Change in Ownership. The Concessionaire shall not undertake or permit any Change in Ownership, except with the prior written approval from the Authority. For the avoidance of doubt, it is expressly agreed that approval of the Authority hereunder shall be as per the provisions of this Concession Agreement and limited to national security and public interest perspective, and the Authority shall endeavour to convey its decision thereon expeditiously. It is also agreed that the Authority shall not be liable in any manner on account of grant or otherwise of such approval and that such approval or denial thereof shall not in any manner absolve the Concessionaire from any liability or obligation under this Agreement.
Appears in 1 contract
Sources: Concession Agreement