Concession Assets Clause Samples
The 'Concession Assets' clause defines the specific assets that are subject to a concession agreement, typically outlining which properties, equipment, or rights are transferred to or used by the concessionaire during the term of the contract. This clause usually details the scope of assets involved, such as land, buildings, infrastructure, or intellectual property, and may specify conditions for their use, maintenance, or return at the end of the concession period. Its core practical function is to clearly delineate the assets covered by the agreement, thereby preventing disputes over ownership, usage rights, and responsibilities during and after the concession.
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Concession Assets. Movable and immovable property comprised of lands, buildings, equipment, accessories, concessions (including the Definitive Electricity Transmission Concession), licenses, rights of way to be constituted in accordance with the Applicable Laws and Provisions and, in general, all works, equipment, vehicles, spare parts stock, tools, facilities, drawings, studies, software, databases, manuals and technical information provided or acquired by the CONCESSIONAIRE for the proper construction and operation of the Project and provision of the Service, under the terms of this Contract and for compliance with the subject of the Concession. It includes Reinforcements, if executed by the CONCESSIONAIRE, in accordance with the Applicable Laws and Provisions.
Concession Assets. These are the movable and immovable property that comprise land, buildings, equipment, accessories, concessions, licenses, easements to be incorporated according to the Laws and Applicable Provisions, and in general all works, equipment, vehicles, spare parts, tools, plans, studies, software, databases, manuals and technical information, provided or acquired by the Concessionaire for proper Project construction and operation, under the terms of this Agreement and for the fulfillment of the Concession purpose. They include Reinforcements, if the Concessionaire had executed them in accordance with the Applicable Laws and Provisions.
Concession Assets. The group of personal property and real estate required for the LNG System to operate, such as rights, pipelines, equipment, accessories and, in general, all the works, equipment and facilities of the LNG System Infrastructure. The Concession Assets include all the rights to operative systems, software, know-how and the corresponding licenses and sub-licenses thereto, used by the Concessionaire to operate the Concession Assets".
Concession Assets. 8.1 CONCESSION ASSETS refer to those which: i. belong to the GRANTING AUTHORITY or to its indirect administration and are assigned to the CONCESSIONAIRE, according to the BASE REGISTRY approved by the PARTIES under this CONTRACT AGREEMENT;
Concession Assets. Are the assets that are affected to the concession and are those indicated in Clause 5.2 of this contract. Said assets will be reverted to the GRANTOR at the concession expiration.
Concession Assets. It refers to movable and immovable property comprising land, buildings, equipment, accessories, concessions, licenses, easements to be incorporated under Applicable Laws, and in general all works, equipment, vehicles, stock parts, tools, facilities, plans, studies, software, databases, manuals and technical information provided or acquired by the Concessionaire for the proper construction and operation of the Power Line, under the terms of this Contract and to fulfill the purpose of the Concession. It includes Reinforcements, if executed by the Concessionaire in accordance with Applicable Laws.
Concession Assets. Are all the assets of ownership of the Concessionaire that do not qualify as Concession Assets and are of his free disposal.
Concession Assets. They are i) the immovable and moveable property, easements and infrastructure works provided by the GRANTOR, including the Concession Area, and ii) the constructed Works, the immovable and moveable property acquired or implemented and easements acquired during the term of the Concession. These assets will be used in the execution of the Concession, which are owned by the GRANTOR and will be returned and/or delivered by the CONCESSIONAIRE, upon completion of the Concession.
Concession Assets. The Concessionaire will at its own risk benefit, profit and/or loss have the right to possess, use, operate, manage, maintain, rehabilitate, redesign, return, improve and expand the Concession Assets during the Contract Term.