SUBSTITUTION OF. CONCESSIONAIRE At any time during the period of Suspension, the Lenders' Representative, on behalf of Senior Lenders, shall be entitled to substitute the Concessionaire under and in accordance with the Substitution Agreement, and upon receipt of notice there under from the Lender's Representative, the ULB/Authority shall withhold Termination for a period not exceeding 180 (one hundred and eighty) days from the date of Suspension, and any extension thereof under Clause 2.7.1, for enabling the Lenders' Representative to exercise its rights of substitution on behalf of Senior Lenders.
Appears in 2 contracts
Sources: Concession Agreement, Concession Agreement