Common use of Revocation of Suspension Clause in Contracts

Revocation of Suspension. 30.3.1 In the event that the Authority, acting in accordance with the provisions of Article 30, shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder. 30.3.2 Upon the Concessionaire having cured the Concessionaire Default within a period not exceeding 90 (ninety) days from the date of Suspension, the Authority shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Revocation of Suspension. 30.3.1 28.3.1 In the event that the Authority, acting in accordance with the provisions of Article 30, Authority shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the suspension Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder.. Development of MSW Treatment facility in Kolhapur – Draft Concession 2012 Agreement 30.3.2 28.3.2 Upon the Concessionaire having cured the Concessionaire Event of Default within a period not exceeding 90 (ninety) days from the date of Suspension, the Authority shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement.

Appears in 1 contract

Sources: Concession Agreement

Revocation of Suspension. 30.3.1 In the event that the Authority, acting in accordance with the provisions of Article 30, Concessioning Authority shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the suspension Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Concessioning Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder. 30.3.2 Upon the Concessionaire having cured the Concessionaire Default within a period not exceeding 90 (ninety) days from the date of Suspension, the Concessioning Authority shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement.

Appears in 1 contract

Sources: Concession Agreement

Revocation of Suspension. 30.3.1 26.3.1 In the event that the Authority, acting in accordance with the provisions of Article 30, Concessioning authority shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the suspension Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Authority Concessioning authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder. 30.3.2 26.3.2 Upon the Concessionaire having cured the Concessionaire Event of Default within a period not exceeding 90 (ninety) days from the date of Suspension, the Authority Concessioning authority shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement.

Appears in 1 contract

Sources: Concession Agreement

Revocation of Suspension. 30.3.1 24.3.1 In the event that the Authority, acting in accordance with the provisions of Article 30, Concessioning Authority shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the suspension Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Concessioning Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder. 30.3.2 24.3.2 Upon the Concessionaire having cured the Concessionaire Event of Default within a period not exceeding 90 (ninety) days from the date of Suspension, the Concessioning Authority shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement.

Appears in 1 contract

Sources: Concession Agreement