Common use of Term of Concession Clause in Contracts

Term of Concession. This Agreement shall take effect on the Effective Date, and shall remain in effect until the earliest of (a) thirty-five (35) years after the Baseline Substantial Completion Date, (b) thirty- five (35) years after the Substantial Completion Date, or (c) the termination of this Agreement as provided herein (the “Term”); provided that IFA may extend the Term as provided in Section 15.4.2(e).

Appears in 8 contracts

Sources: Public Private Agreement, Public Private Agreement, Public Private Agreement

Term of Concession. This Agreement shall take effect on the Effective Date, and shall remain in effect until the earliest of (a) thirty-five (35) 35 years after the Baseline Substantial Completion Date, (b) thirty- five (35) 35 years after the Substantial Completion Date, or (c) the termination of this Agreement as provided herein (the “Term”); provided that IFA may extend the Term as provided in Section 15.4.2(e).15.4.2(e).‌

Appears in 3 contracts

Sources: Public Private Agreement, Public Private Agreement, Public Private Agreement