Concession Agreement Clause Samples
A Concession Agreement is a contract that grants a company or individual the right to operate a business or provide a service within a specific area, often involving public assets or infrastructure. Typically, this agreement outlines the terms under which the concessionaire can use the property, the duration of the arrangement, and the obligations regarding maintenance, payments, and compliance with regulations. Its core practical function is to formalize the relationship between the granting authority and the operator, ensuring clear allocation of rights and responsibilities while enabling the efficient management or development of public resources.
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Concession Agreement. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Concession Agreement; (b) reduce or consent to the reduction of the term of the Concession Agreement; (c) decrease or consent to the decrease of the amount of any charges due by the Operator under the Concession Agreement; or (d) modify, change, supplement, alter or amend, in any material respect the Concession Agreement or waive or release, in any material respect any of Borrower’s rights and remedies under the Concession Agreement;
Concession Agreement. The Concessionaire hereby accepts the Concession and agrees and undertakes to implement the Project/ manage the Project Facility, and to perform/ discharge all of its obligations in accordance with the terms and conditions set forth in this Agreement.
Concession Agreement. The Borrower (i) shall use the proceeds of the TIFIA Loan only for Eligible Project Costs, (ii) shall comply with the Concession Agreement in all material respects and (iii) shall not terminate the Concession Agreement without the TIFIA Lender’s consent.
Concession Agreement. Where (either before or after the passing of this Act) the Secretary of State enters into an agreement with a person for the construction by that person of the new bridge (whether or not together with any other of the scheduled works), the agreement may also provide—
Concession Agreement. Operator acknowledges that, notwithstanding anything to the contrary in this Lease Agreement, Operator will lose any right to occupy the Premises for the Lease Term if Operator is not, as part of the Request for Qualifications process, awarded a Concession Agreement for the operation of a Rental Car Concession for each Concession Term over the Lease Term. For the initial Concession Term, the Port shall employ a Concession Agreement substantially in the form attached as Exhibit O.
Concession Agreement. The awarded party shall enter into a concession agreement within thirty (30) days from receipt of a Notice of Award in the form attached to this RFP as Exhibit B (the “Concession Agreement”). Issues regarding the Concession Agreement terms should be raised prior to the submission of proposals, and if the Airport determines that a provision is in need of inclusion, deletion or amendment, an addendum will be issued to all potential proposers. If a proposer takes exception to any non-material provision(s) of the proposed Concession Agreement, the proposer must identify with specificity in its response the provision to which exception is taken, the basis for the exception, and the RFP respondent’s proposed alternative language or provision to address that exception, by providing a redlined copy of the Concession Agreement. Any exceptions or changes not so identified in the RFP response will be deemed waived.
Concession Agreement. Lake Seller’s right, title and interest as concessionaire under the Lake Concession Agreement. As used herein, the term “Lake Concession Agreement” shall mean the documents listed on Schedule 2.1.1.
Concession Agreement. The ▇▇▇▇▇▇ Park Chamber of Commerce Oysterfest Committee hereby grants to
Concession Agreement agreements executed between the STATE, as representative of the holders of the services, and the CONCESSIONAIRES, with the intervention and consent of the REGULATORY AGENCY, with the purpose of regulating the concession of water supply and sanitation services;
Concession Agreement. In consideration of the Concessionaire agreeing to pay to the Concessioning Authority (a) License Fee and (b) Royalty along with performing its obligations as set out in this Agreement, the Concessioning Authority hereby grants to the Concessionaire, an exclusive license for operation, management and development (“OMD”) of the Project Facilities and Services as per Scope of Work defined in Annexure III subject to the provisions of this Agreement.