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Common use of Renewal of Concession Clause in Contracts

Renewal of Concession. First Party will agree to renew or extend the Concession after the expiry of the initial Term, for another period of thirty (30) years or such other period as may be mutually agreed to and on such terms and conditions as mutually agreed upon.

Appears in 3 contracts

Sources: Municipal Solid Waste Concession Agreement, Land Lease Agreement & Supply of Treated Sewage/Effluent Agreement (BioCrude Technologies USA, Inc.), Municipal Solid Waste Concession Agreement, Land Lease Agreement & Supply of Treated Sewage/Effluent Agreement (BioCrude Technologies USA, Inc.), Municipal Solid Waste Concession Agreement, Land Lease Agreement & Supply of Treated Sewage/Effluent Agreement (BioCrude Technologies USA, Inc.)

Related Clauses

  • Renewal of Contract
  • Renewal of Agreement
  • Renewal of Agreements
  • Non-Renewal of Agreement
  • Modification, Extension and Renewal of Options

Parent Clauses

  • The Concession and Conditions Precedent
  • The Project
  • Concession Terms Conditions
  • The Concession
  • NOW, THEREFORE

Sub-Clauses

  • Progress Report during the Construction Period
  • Delays in Occurrence of Operations Date
  • Adequate Organization
  • Vesting of Site with Concessionaire
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