Common use of Term of the Concession Clause in Contracts

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.

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 concession shall be prohibited.