Concession Contract Sample Clauses

Concession Contract. (a) Receipt by the Intercreditor Agent of evidence that: (i) the capital requirement under Article 15 of the Concession Contract has been complied with; (ii) the procedural requirements under Article 16 of the Concession Contract relevant to the creation of security over shares have been complied with; (iii) the Company has notified the Macau SAR regarding the Facilities and the Security granted in favour of the Secured Creditors and produced copies of the Senior Finance Documents to the Macau SAR pursuant to Articles 34(2) and (3) of the Concession Contract; (iv) expenditure of the total Project Costs referred to in the Project Budget which will be included in the calculation of the investment amount of MOP 4 billion will cause the Company to satisfy the requirement under the Concession Contract of expending MOP 4 billion within seven years after the date of the Concession Contract; (v) legislation has been enacted by the Macau SAR which provides for casino operators such as the Company to be the grantors of credit to casino patrons; (vi) the letter agreements dated 1 May 2002 between the Company and Banco Nacional Ultramasino and the Company and the Macau SAR in relation to the termination of the Concession Contract are of no force or effect; and (vii) each area in which any operation of casino games of chance or other forms of gaming will be carried out following the opening of the Original Project has been classified by the Macau SAR as a casino or gaming zone in accordance with article 9 of the Concession Contract. (b) Receipt by the Intercreditor Agent of copies of all documents submitted to the Macau SAR as required under Article 21 of the Concession Contract and evidence reasonably satisfactory to the Intercreditor Agent that approval of the Company’s delegation of management authority (including the appointment of the executive director, the scope of power of the executive director and term of authorisation) has been granted by the Macau SAR pursuant to Article 21 of the Concession Contract. (c) Receipt by the Intercreditor Agent of a letter from Macau SAR in relation to the granting of extension of time for completion of the Projects from 31 December 2006.

Concession Contract. As an alternative to the BOT procurement referred to in paragraph 5 above, Sub-projects under Part B of the Project may be implemented through concessioning arrangement, satisfactory to the Association, through an entrepreneur on the basis of international competitive bidding procedures in accordance with the provisions of Section II of the Guidelines, subject to the provisions of paragraph 3.13(a) thereof. The goods, works and services required for the construction of such Sub- project shall then be procured in accordance with the applicable procedures of said entrepreneur.

Concession Contract. It is the legal document by which the CONCESSION will be entered into between the SUCCESSFUL BIDDER and the GRANTOR.

Concession Contract comply with the requirements of all material provisions of the Concession Contract as may relate to it (including obligations relating to the transfer of shares, notifications relating to shares and the maintaining of proper qualifications under Article 26 of the Concession Contract) and, to the extent it becomes aware of any such failure or circumstance, notify the Security Agent of any failure or any circumstance which may cause a failure by any Substantial Shareholder to maintain proper qualifications under Article 26 of the Concession Contract except to the extent that notification of such failure or circumstance has been given to the Security Agent by any other Obligor. Wynn Resorts undertakes to: (a) Common Terms Agreement - perform (or refrain from performing) all such acts or things that the Company is obliged under the Common Terms Agreement (other than paragraph 10.5 and paragraph 22 of Schedule 5 Part A of the Common Terms Agreement) to cause Wynn Resorts to perform or refrain from performing.

Concession Contract. Any form of established relations between a Licensee and a Licensor by virtue of which the first party dedicates himself in the Dominican Republic to the activities provided for in section a) of this Article.

Concession Contract. The concession contract entered into by the applicable administrative division or agency or entity of the host country, sometimes called the Grantor or Contracting Authority, and the project company concessionaire establishes the essential definition of the project’s direction and provides the license for construction and/or operation and maintenance of the project. The contract should clearly define the scope of work (Module 2 -> Scope) of the concessionaire, what precisely he will be obliged and permitted to do and the length of time for which the concession is granted. In the past, host governments have attempted to circumvent the legally binding nature of their obligations under concession agreements by invoking the doctrine of “sovereign immunity.” International arbitration tribunals and courts have almost universally rejected sovereign immunity defences, however, on international legal grounds where stabilization or anti-nationalization or no material adverse governmental action clauses are included within the concession agreement. Such clauses act as a waiver of sovereign immunity. Private parties to a concession contract, therefore, will want to protect themselves under international law against unilateral termination of the project or unilateral modification of a concession contract by a host government by including appropriate contract clauses, or by referring to the notion of administrative contracts where the host country’s legal system considers a concession agreement as an administrative contract with the specific legal regime of rights and obligations attributed so such contracts.

Concession Contract. This contract, annexes and any other document to be attached to it as an integral and indivisible part.

Concession Contract. The Seller has delivered to the Purchaser a true and correct copy of the Concession Contract for the Management, Operation, Maintenance and Related Services of the Gaming Houses of the Provincial Casino in the Cities of Neuquen and San Mart▇▇ ▇▇ Los Andes dated December 21, 1994 (the "Concession Contract") with respect to the operation of the Company's casinos located in San Mart▇▇ ▇▇ Los Andes and Neuquen, Argentina (collectively, the

Concession Contract. The Shareholders acknowledge that, on or before August 5, 1994, the Consortium and the Company will endeavour to execute the Concession Contract. The final version of the Concession Contract will be attached to this Agreement as Exhibit 8.1, upon its signature.