Grant of Concession Sample Clauses
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Grant of Concession. (a) Subject to and in accordance with the terms and conditions set forth in this Agreement, the Applicable Laws, the terms of Applicable Permits, and Good Industry Practice, the Authority hereby grants to the Concessionaire, and the Concessionaire hereby accepts the exclusive right, authority and Concession to undertake, during the Concession Period, the development, design, engineering, financing, procurement, completion, commissioning, implementation, marketing, management, administration operation and maintenance of the Project Facilities at the Site and exercise and enjoy the rights, powers, privileges, Concessions and entitlements as set forth in this Agreement (collectively the “Concession”)and the Concessionaire hereby accepts the Concession and agrees to implement the Project subject to and in accordance with the terms and conditions set forth herein.
(b) Subject to and in accordance with the provisions of this Agreement, the Concession granted herein includes, subject to the provisions hereof, shall oblige or entitle (as the case may be) the Concessionaire to:
i. make at its cost and expense such development and improvements in the Site as may be necessary to implement the Project and establish the Project Facilities thereat subject to and in accordance with the provisions of this Agreement;
ii. Develop, finance, design, construct, market, manage, administer, operate and maintain the Project Facilities in conformity with the Specifications and Standards set forth in Appendix;
iii. To apply for, procure & maintain all requisite Applicable Permits for the development of Project Facilities on the Project Site as well as for the O&M thereof, including plans for construction thereon for such uses and purposes as permitted under this Agreement; and
iv. Operate and maintain the Project and regulate the use thereof by Third Parties in accordance with the provisions of this Agreement and Applicable Laws;
v. Determine, demand, revise, charge, collect, retain and appropriate User Charges;
vi. Enter into Contractual Arrangements in relation to the Project Facilities;
vii. Appoint Contractors/sub-contractors for discharging any of its obligations under this Agreement, carrying on its business of implementing, constructing, managing, marketing, operating and/or maintaining the Project;
viii. exercise all rights and remedies available under the Applicable Laws to recover the User Charges in compliance with the requirements of the Applicable Laws, terms of Applic...
Grant of Concession. TERM 4
2.1 Grant of Concession 4 2.2 Term of Concession 5
Grant of Concession. 2.1.1 Pursuant to the provisions of the Act and subject to the terms and conditions of the CDA Documents, including Section 2.1.8, TxDOT hereby grants to Developer the exclusive right, and Developer accepts the obligation, to finance, develop, design and construct the Project described in Section 1 of the Technical Provisions, and to enter into the Lease in the form attached as Exhibit 3 for the Project and Project Right of Way.
2.1.2 From and after issuance of NTP1, Developer and its authorized Developer- Related Entities shall have the right and license to enter onto Project Right of Way and other lands owned by TxDOT for purposes of carrying out its obligations under this Agreement.
2.1.3 TxDOT and ▇▇▇▇▇▇▇▇▇ acknowledge that they have executed two counterparts of the Lease and one counterpart of the Memorandum of Lease and placed them in a neutral escrow for safekeeping pursuant to the Lease Escrow Agreement. Upon the Operating Commencement Date that first occurs, but not before then, and as a ministerial act, TxDOT and Developer shall date the Lease and Memorandum of Lease, obtain acknowledgment of their signatures on the Memorandum of Lease by a Texas notary public, attach all legal descriptions pertaining to the Section for which the first Operating Commencement Date occurs, and each Party shall deliver to the other Party, and the other Party shall accept, the Lease and Memorandum of Lease, whereupon the Lease shall take effect and the right of entry under Section 2.1.2 shall automatically cease to have effect as to the Section for which the first Operating Commencement Date occurs (but continue in effect for all other Sections). Developer, at its expense, shall have the right to record the Memorandum of Lease upon its delivery to Developer, and shall promptly deliver to TxDOT a conformed copy of the Memorandum of Lease bearing all recording information.
2.1.4 Upon the Operating Commencement Date for each additional Section, but not before then, and as a ministerial act, TxDOT and Developer shall date and execute an Amendment to Lease and Amendment to Memorandum of Lease, each in the form attached to this Agreement as Exhibit 3, obtain acknowledgment of their signatures on the Amendment to Memorandum of Lease by a Texas notary public, attach all legal descriptions pertaining to the Section, and each Party shall deliver to the other Party, and the other Party shall accept, the Amendment to Lease and Amendment to Memorandum of Lease, whereupon the Amen...
Grant of Concession. Subject to and in accordance with the terms and conditions set forth in this Agreement, the Applicable Laws and the Applicable Permits, the Authority and PLBs hereby grant and authorize the Concessionaire to design, build, finance, operate and transfer (DBFOT) the Project and to exercise and/ or enjoy such rights, powers, benefits, privileges, authorizations and entitlements as set forth in this Agreement (“the Concession”) for a period of ▇▇ ( ▇▇▇▇▇▇ ▇▇▇▇▇) years commencing from the Compliance Date and the concessionaire hereby accepts the concession and agrees to implement the project subject to and in accordance with the terms and conditions set forth herein.
Grant of Concession. Subject to and in accordance with the terms and covenants set forth in this Agreement, the Concessioning Authority hereby grants and authorises the Concessionaire to design, engineer, finance, construct, operate and maintain the Project and to exercise and/ or enjoy the rights, powers, benefits, privileges, authorisations and entitlements as set forth in this Agreement. “Concession”.
Grant of Concession. (a) On and from the Effective Date and subject to the terms of this Agreement, Applicable Laws and Applicable Permits, the Jal ▇▇▇▇▇ grants to the Concessionaire the exclusive right to:
(i) design, finance, engineer, construct, develop and complete the Facilities;
(ii) design, finance, rehabilitate and upgrade the Associated Infrastructure; and
(iii) upon completion of construction of the Facilities and the rehabilitation of the Associated Infrastructure, operate and maintain the Facilities and the Associated Infrastructure during the O&M Period.
(b) The grant of the concession set out in Clause 2.2(a) shall oblige or entitle the Concessionaire, as the case may be, to the following:
(i) access to the Site from the Effective Date, for the sole purpose of implementing the Project;
(ii) apply for and obtain all Applicable Permits and utilities required to undertake the Project;
(iii) raise funds (through both debt and equity financing) to finance 60% of the Bid Project Cost;
(iv) complete the construction of the Facilities and the rehabilitation of the Associated Infrastructure on or before the Scheduled Construction Completion Date;
(v) upon completion of construction of the Facilities and the rehabilitation of the Associated Infrastructure, undertake Trial Operations during the Trial Period;
(vi) upon successful completion of the Trial Operations, operate and maintain the Facilities and the Associated Infrastructure for 15 years;
(vii) receive, treat and process Sewage up to the Design Capacity;
(viii) store, treat, market, sell or dispose of the STP By-Productsand the Treated Effluent in accordance with this Agreement;
(ix) transfer the Facilities and the Associated Infrastructure to the Jal ▇▇▇▇▇ upon the expiry of the Term or termination of this Agreement, after rectification of any defects in the Facilities or the Associated Infrastructure, in accordance with the Hand-back Conditions and the Hand-back Requirements;
(x) receive the Construction Payments during the Construction Period and the O&M Payments during the O&M Period, subject to compliance with the terms and performance of the obligations under this Agreement;
(xi) appoint Subcontractors, agents, advisors and consultants and enter into Subcontracts to undertake the Project,with the prior approval of the Jal ▇▇▇▇▇; and
(xii) construct a Power Plant at the Site, at its sole option and discretion.
Grant of Concession a Subject to and in accordance with the terms and conditions set forth in this Agreement, the Hospital Authority hereby grants and authorizes the Concessionaire to operate and maintain the Fair Price Outlet, and to exercise and/or enjoy the rights, powers, benefits, privileges, authorizations and entitlements as set forth in this Agreement (“the Concession”).
Grant of Concession. 3.1 The Concession (“Concession”)
3.1.1 Subject to and in accordance with the terms and conditions set forth in this Concession Agreement, the Authority hereby grants to the Concessionaire and the Concessionaire hereby accepts the Concession for a period of 15 (fifteen) years, commencing from the Appointed Date, including the exclusive right, license, authority and authorization during the subsistence of this Agreement, including extension thereof, to design, build, finance, operate, maintain and manage the Project during the Concession Period.
3.1.2 Subject to and in accordance with the provisions of this Agreement, the Concession hereby granted shall oblige or entitle (as the case may be) the Concessionaire to:
a. Right of way, access and license to the Site for the purpose of and to the extent conferred by the provisions of this Agreement;
b. design, finance and construct the Project Facilities;
c. manage, operate and maintain the Project Facilities and regulate the use thereof by third parties;
d. demand, collect and appropriate Project Revenues from guests and users, liable for payment of Commercial Charge, for using the Project Facilities or any part thereof and refuse entry of guests if the Commercial Charges due is not paid;
e. perform and fulfil all of the Concessionaire's obligations under and in accordance with this Agreement;
f. bear and pay all costs, expenses and charges in connection with or incidental to the performance of the obligations of the Concessionaire under this Agreement; and
g. neither assign, transfer or sublet, or create any lien or Encumbrance on this Agreement, or on the Concession hereby granted, or on the whole or any part of the Project; nor transfer, or part with the possession of the Project Site thereof, save and except as expressly permitted by this Agreement or the Substitution Agreement;
h. to enter into sub-contracts, joint development agreement, development management agreements, sub lease or any other kind of arrangements with regards to design, planning, construction, implementation or operations and maintenance of Optional Project Facilities during the term of the Agreement and in a way that does not contravene any of the underlying terms of the Concession under this Agreement.
Grant of Concession. Subject to and in accordance with the terms, conditions and covenants set forth in this Agreement, MCD hereby grants and authorises the Concessionaire to (i) collect Municipal Solid Waste from Persons generating such waste within the Concession Area from the street corner bins and Waste Storage Depots, in accordance with Applicable Laws and to segregate, transport and deliver segregated waste at the Landfill Site (ii) investigate, study, design, engineer, procure, finance, modify, construct, operate, maintain and transfer the Project Facilities and (iii) exercise and/or enjoy the rights, powers, benefits, privileges, authorisations and entitlements as set forth in this Agreement (“the Concession”).
Grant of Concession. Subject to and in accordance with the terms and conditions set forth in this Agreement, the Hospital Authority hereby grant and authorise the Concessionaire to undertake round the clock operation and management of Dialysis Services installed by the DoHFW at Hospital and to exercise and/or enjoy the rights, powers, benefits, privileges, authorisations and entitlements as set forth in this Agreement (“the Concession”).