Term of the Concession Sample Clauses

Term of the Concession. 1. The term of the concession granted hereunder shall be 20 years from June 27th , 2002 to June 26th 2022. 2. The provisions of the preceding paragraph shall not operate to the prejudice of the survival of certain provisions contained herein after the expiration of the concession.
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Term of the Concession. The term of this AGREEMENT includes the sum of the period of ASSISTED OPERATION OF THE SYSTEM and the period of 35 (thirty-five) years of OPERATION OF THE SYSTEM, which starts upon the issuance of the CERTIFICATE OF SYSTEM TRANSFER. The term of effectiveness of this AGREEMENT, provided for in sub-clause 7.1, may only be extended maintaining a direct link with the reason that justifies it and verifying, in each case, if the original subject matter of the AGREEMENT was not distorted, and the discretionary extension of the CONCESSION shall be prohibited.
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Term of the Concession. The Concession will be an initial term of 30 years, commencing on the date PCT undertakes the operations of the New Container Terminal, which is currently scheduled to take place on 1 October 2009, with a mandatory extension for a term of 5 years subject to PCT’s fulfillment of its obligations to construct the eastern section of the new Pier 3 as provided under the Concession Agreement. The term may also be extended for a corresponding period in the event of interruption of operation of the New Container Terminal not caused by PCT as specified in the Concession Agreement. PPA will also have the right to unilaterally extend the term for a further period of 5 years by giving prior written notice of not later than 24 months prior to the expiry of the initial term. Nevertheless, in any event, the term of the Concession Agreement may not be extended beyond 42 years, being the duration of the concession of the Piraeus Port area obtained by PPA from the Republic of Greece pursuant to a concession contract entered into between the Republic of Greece and PPA dated 13 February 2002 (as amended), under which PPA acquired the exclusive right to use and commercially exploit the Piraeus Port area with power to undertake all measures required for the development thereof.
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Term of the Concession. The term of the concession is forty-nine years as of the date on which it was originally granted by the ICT, i.e., January fifteenth, nineteen hundred ninety-three, therefore the term of this concession shall terminate on January fifteen two thousand forty two. Said term will be automatically extended by a forty-nine year period, provided the concessionaire has fulfilled the obligations set forth in this agreement and has complied with the laws and regulations governing the Gulf of Papagayo Tourist Complex. For the payment of said concession extension what is established in clause eleven of the Assignor’s contract will be applied. At the end of the first extension, the term granted may automatically be extended by fifty year periods, provided the concessionaire still meets the requirements, in accordance with the obligations set forth in the concession and in accordance with the laws and regulations governing the Gulf of Papagayo Tourist Complex; if the area and its buildings and facilities are kept in good condition; if they are up to date in meeting legal and contractual obligations, unless the public interest justifies annulling the concession, as provided in article fifteen of the Law Regulating the Tourist Complex. Any additional concession extensions for the said periods of time shall be paid during the previous
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Term of the Concession. 1. The term of the concession of the concession contract is ten years, starting on 1 January 2023 and ending on 31 December 2032. 2. The provision of the preceding paragraph shall not prejudice the survival of certain provisions of the present concession contract after the termination of the term of the concession.
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Term of the Concession. The term of the concession is forty-nine years as of the date on which it was originally granted by the ICT in favor of Ecodesarrollo Papagayo, S.
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Term of the Concession. In accordance with Article 8.2 of the Framework Agreement and without prejudice to the provisions of Articles 6.1, 11 et seq. of the Concession Agreement, the term of the Concession shall at least be equal to the duration of the Operating Permit for Fort-Dauphin (initial period plus renewals). It is hereby agreed that three (3) years prior to the end of each period of validity of the Operating Permit for Fort-Dauphin, the Concessionaire shall inform the Concession Grantor of QMM's intentions as to whether or not to renew the Operating Permit for Fort-Dauphin. If QMM does not apply for renewal of the Operating Permit for Fort-Dauphin two (2) years prior to expiry thereof, the Concessionaire may submit to the Concession Grantor an investment programme intended to upgrade, improve or extend its facilities and infrastructure in order to improve service under the Concession. If approved by the Concession Grantor, these investments shall be witnessed in a supplemental agreement to the Concession Agreement in order, inter alia, to amend the corresponding Appendices of the Particular Conditions and where applicable to extend the term of the Concession. The duration of such extension shall be at least equal to the ordinary amortisation period for new investments that the Concessionaire undertakes to make; the combined length of the outstanding term as at signature of the supplemental agreement extending the Concession and of the duration of such extension shall not exceed thirty (30) years if the investment programme having given rise to the supplemental agreement provides for construction by the Concessionaire of heavy infrastructure such as jetties, piers, wharves, etc.; and fifteen (15) years otherwise. Such an extension of the Concession by way of a supplemental agreement shall not be granted more than once subject to the opinion of the Consultative Commission of Users and Operators of the Port of Ehoala.
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Term of the Concession. The term of this AGREEMENT includes the sum of the period of ASSISTED OPERATION OF THE SYSTEM and the period of 35 (thirty-five) years of OPERATION OF THE SYSTEM, which starts upon the issuance of the CERTIFICATE OF SYSTEM TRANSFER. The term of effectiveness of this AGREEMENT, provided for in sub-clause 7.1, may be extended for the economic-financial rebalance of this AGREEMENT.
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Term of the Concession. This concession for transmission of electric power has a term of 30 (thirty) years, from the signing of this CONTRACT. [Provision applicable only to Lot 11] The present concession for transmission of electric energy has a term of 30 (thirty) years, counted as of September 30, 2018 or the new date eventually established by ▇▇▇▇▇ for the commercial start-up of the TL 230 kV ▇▇▇ ▇▇▇▇▇ - Fiat Seccionadora, under the responsibility of the free consumer Fiat Automóveis S/A, whose access to the Basic Network of the National Interconnected System - SIN was authorized by ▇▇▇▇▇´s Resolution no. 4820, dated September 20, 2014, considering the dependence of the facilities object of this Contract of those owned by said consumer. INITIALS
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Related to Term of the Concession

  • TERM OF THE CONTRACT This Contract begins on 07/01/2015 and ends on 06/30/2016. DSHS has the option, in its sole discretion, to renew the Contract. DSHS is not responsible for payment under this Contract before both parties have signed the Contract or before the start date of the Contract, whichever is later.

  • The Concession 3.1.1. Subject to and in accordance with the provisions of this Agreement, Applicable Laws and Applicable Permits, the Authority, awards to the Concessionaire the concession set forth herein including exclusive right, license and authority to construct, operate and maintain the Project and provide Hospitality Services (the “Concession”), for the Concession Period, 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 in this Agreement. 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) the Right of Way, access and leave and license rights to use the Project Site for the purpose of developing the Project, to the extent conferred by the provisions of this Agreement; (b) design, finance, construct the Project during the Construction Period; (c) achieve Project COD in accordance with the provisions of Article 15.1 and subsequently, manage, operate and maintain the Resort and Project Infrastructure throughout the Concession Period; (d) provide Hospitality Services in accordance with the standards and terms set out in this Agreement, Applicable Laws, Applicable Permits and Good Industry Practice; (e) demand, collect and appropriate Revenue from the Users for using the Resort and availing of the Hospitality Services in accordance with this Agreement; (f) pay Concession Fee to the Authority in accordance with the provisions of Article 24; (g) perform and fulfil all the obligations of the Concessionaire under and in accordance with this Agreement; (h) 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; (i) appoint Contractors, sub-contractors, agents, advisors and consultants to carry out its obligations under this Agreement in accordance with its terms; (j) upon Termination of the Concession Period transfer the Project to the Authority in accordance with the terms of this Agreement; (k) neither assign, transfer or sub-let or create any lien or Encumbrance on this Agreement, or the Concession hereby granted or on the whole or any part of the Project Site, nor sell, transfer, exchange, lease or part possession thereof; (l) set all standards and frame and apply all internal policies, guidelines and procedures as may be appropriate for safety, security, development, management, operation or maintenance of the Project and the Project Site, subject only to the terms of this Agreement and in accordance with Applicable Permits, Applicable Laws and Good Industry Practice;

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Term of the Company The term of the Company shall commence on the date the Certificate is filed with the Delaware Secretary of State in accordance with the provisions of the Act and shall continue until dissolved and terminated pursuant to this Agreement.

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.