Common use of Termination upon occurrence of Financial Default Clause in Contracts

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 of the Concession Agreement.

Appears in 5 contracts

Sources: Concession Agreement, Concession Agreement, Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Lenders/▇▇▇▇▇▇▇’ Representative may by a notice in writing require the Concessioning Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Concessioning Authority shall undertake Termination under and terminate the Concession in accordance with the provisions of Article 25 of the Concession Agreement.

Appears in 4 contracts

Sources: Concession Agreement, Concession Agreement, Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 27 of the Concession Agreement.

Appears in 3 contracts

Sources: Concession Agreement, Concession Agreement, Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 30 of the Concession Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 31 of the Concession Agreement.

Appears in 2 contracts

Sources: Substitution Agreement, Vesting Certificate

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 37 of the Concession Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 6 of the Concession Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Senior Lenders' /Senior Lenders’ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and terminate the Agreement in accordance with the provisions of Article 25 of the Concession Agreement.

Appears in 1 contract

Sources: Operation and Maintenance Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession License Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 32 of the Concession License Agreement.

Appears in 1 contract

Sources: Appendices to the Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Lenders‟ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 32 of the Concession Agreement.

Appears in 1 contract

Sources: Public Private Partnership Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 22 and 23 of the Concession Agreement.

Appears in 1 contract

Sources: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 34 of the Concession Agreement.

Appears in 1 contract

Sources: Substitution Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority of NMC to terminate the Concession Contract Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 22 of the Concession Contract Agreement.

Appears in 1 contract

Sources: Contract

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Senior Lenders' /Senior Lenders’ Representative may by a notice in writing require the Concessioning Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and Concessioning Authorityshall terminatethe Concession in accordance with the provisions of Article 25 of the Concession Agreement.

Appears in 1 contract

Sources: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Lenders‟ Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 37 of the Concession Agreement.

Appears in 1 contract

Sources: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 13 of the Concession Agreement.

Appears in 1 contract

Sources: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority to terminate the Concession Lease Agreement forthwith, and upon receipt of such notice, the Authority shall undertake Termination under and in accordance with the provisions of Article 25 20 of the Concession Lease Agreement.

Appears in 1 contract

Sources: Lease Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Concessioning Authority to terminate the Concession Agreement forthwith, and upon receipt of such notice, the Concessioning Authority shall undertake Termination under and in in, accordance with the provisions of Article 25 of the Concession Agreement.

Appears in 1 contract

Sources: Concession Agreement

Termination upon occurrence of Financial Default. At any time after issue of a Notice of Financial Default, the Lenders' Representative may by a notice in writing require the Authority Employer to terminate the Concession Project Development and Implementation Agreement forthwith, and upon receipt of such notice, the Authority Employer shall undertake Termination under and in accordance with the provisions of Article 25 20 of the Concession Project Development and Implementation Agreement.

Appears in 1 contract

Sources: Project Development and Implementation Agreement