Common use of Selection to be binding Clause in Contracts

Selection to be binding. The decision of the Senior Lenders/Senior Lenders’ Representative and the ConcessioningAuthority in selection of the Nominated Company shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge theactions of the Senior Lenders’ Representative or the Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation of the Concession Agreement in favour of the Selectee. The Concessionaire agrees andconfirms that it shall not have any right to seek revaluation of assets comprised in the Project orthe Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Senior Lenders/Senior Lenders’ Representative are irrevocable and shall not be contested inany proceedings before any court or Concessioning Authority and the Concessionaire shallhave no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/SeniorLenders’ Representative.

Selection to be binding. The decision of the Senior Lenders/Senior LendersLenders/▇▇▇▇▇▇▇’ Representative and the ConcessioningAuthority Concessioning Authority in selection of the Nominated Company / Selectee shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge theactions the actions of the Senior Lenders’ Representative or the Lenders/Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation novation/ assignment/ endorsement of the Concession Agreement in favour of the Selectee. The Concessionaire agrees andconfirms and confirms that it shall not have any right to seek revaluation of assets comprised in the Project orthe or the Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Senior Lenders/Senior LendersLenders/▇▇▇▇▇▇▇’ Representative are irrevocable and shall not be contested inany in any proceedings before any court or Concessioning Authority and the Concessionaire shallhave shall have no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/SeniorLendersLenders/▇▇▇▇▇▇▇’ Representative.

Selection to be binding. 1.5.1 The decision of the Senior Lenders/Senior LendersLenders/▇▇▇▇▇▇▇’ Representative and the ConcessioningAuthority Concessioning Authority in selection of the Nominated Company / Selectee shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge theactions the actions of the Senior Lenders’ Representative or the Lenders/Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation novation/ assignment/ endorsement of the Concession Agreement in favour of the Selectee. The Concessionaire agrees andconfirms and confirms that it shall not have any right to seek revaluation of assets comprised in the Project orthe or the Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Senior Lenders/Senior LendersLenders/▇▇▇▇▇▇▇’ Representative are irrevocable and shall not be contested inany in any proceedings before any court or Concessioning Authority and the Concessionaire shallhave shall have no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/SeniorLendersLenders/▇▇▇▇▇▇▇’ Representative.

Selection to be binding. The decision of the Senior Lenders/Senior Lenders’ Representative and the ConcessioningAuthority Concessioning Authority in selection of the Nominated Company shall be final and binding on the Concessionaire. The Concessionaire irrevocably agrees and waives any right to challenge theactions the actions of the Senior Lenders’ Representative or the Senior Lenders or the Concessioning Authority taken pursuant to this Agreement including the transfer/novation of the Concession Agreement in favour of the Selectee. The Concessionaire agrees andconfirms and confirms that it shall not have any right to seek revaluation of assets comprised in the Project orthe or the Concessionaire’s shares. It is hereby acknowledged by the Parties that the rights of the Senior Lenders/Senior Lenders’ Representative are irrevocable and shall not be contested inany in any proceedings before any court or Concessioning Authority and the Concessionaire shallhave shall have no right or remedy to prevent, obstruct or restrain the Concessioning Authority or the Senior Lenders/Senior Lenders’ Representative from effecting or causing the transfer by substitution and endorsement of the Concession as requested by the Senior Lenders/SeniorLendersSenior Lenders’ Representative.