Concession Contracts Sample Clauses

Concession Contracts. The expiration, termination or material breach of any of the Concession Agreements of the Corporation or the Subsidiaries which would have a Material Adverse Effect or the seizure, nationalization or forfeiture of any assets of the Corporation or the Subsidiaries; or
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Concession Contracts. 31 11.11 Indentures.....................................................................................31 11.12
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Concession Contracts. For the benefit of and subject to the approval by the Owner, the Manager shall make arrangements for the concessionaires, licensees, tenants or other intended users of the facilities of the Property.
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Concession Contracts. Any Borrower publicly announces that it is abandoning or intends to abandon the activities which it carries out pursuant to a Concession Contract or the decision of a Borrower to abandon such activities becomes public or a Borrower fails or is unable to comply with any of the terms of a Concession Contract or any other contract which is material to such Borrower's ability to carry on its business or revocation, cancellation or surrender of a Concession Contract occurs.
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Concession Contracts. (A) The Company's and each of its subsidiaries' concession contracts with XXXXX or any other governmental entity with power to represent the Brazilian federal government are in full force and effect, and have not been amended since the date of this Agreement, and (B) neither the Company nor any of its subsidiaries has received any notice of the termination of any of such contracts, or, except as disclosed in the Registration Statement and the Prospectus, of any adverse changes to tariff rates in effect as of the date of this Agreement, set by XXXXX, or by any other governmental entity with powers to set tariff rates, pursuant to the terms of such contracts; except, in the case of each of either (A) and (B), which would singly or in the aggregate, result in a Material Adverse Effect.
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Concession Contracts. 3.12.1 Concession Contracts are contracts for the supply, for the pecuniary interest, of works or services to the Authority where:
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Concession Contracts. Concession contracts, sometimes called licenses or tax/royalty systems, are the oldest form of petroleum contracts. The concession contract which originated at the very beginning of the petroleum industry in the mid-1800s, was the first system of petroleum development arrangement adopted to regulate the petroleum industry and is still the most widely practised contract system throughout the world. Concessions contract first developed in the United States of America (the USA) in the 1800s, especially in 18591, then IOCs exported the idea of the contract to oil producing countries. The basic principle of concession contracts is derived from the concept of ‘land ownership’ based on the American system of land ownership. In the country, a landowner has absolute legal right over his land, beneath (sub-surface) and the sky above the surface of it. Therefore, this would include petroleum below the land that can be granted to a company. Accordingly, this contracts seen more or less as granting a land ownership to a private company over a period of time for a fee.2 This type of contract has evolved significantly since its introduction and is used in many countries, for example,
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Concession Contracts. Future Productions under the Pledge include all those Future Productions produced under Concession Contracts that are listed in Annex 4 of the Contract, and all future concession agreements, licenses or permits and other agreements entered into by the Pledgor with the applicable Colombian regulatory authorities arising from the concession contracts and mining applications listed in Annex 4, which grant to the Pledgor or any of the Pledgor Affiliates’, successors’ or assigns’, rights to explore and exploit the Minerals.‌ At the time the Pledgor holds any concession agreement on the terms of the preceding paragraph it shall comply as specified in Clause 0above, in respect with such concession contract, without prejudice that the Secured Creditor exercises the option to forward such records, as provided in paragraph of Section 0 CHAPTER IV INDIVISIBILITY OF PLEDGE‌ This Pledge is indivisible, which is why the Concession Contracts, will be affected by this Pledge as defined in Article 2430 of the Civil Code and therefore the Future Productions on which rests the Pledge, are subject to the compliance of all of the Secured Obligation. Consequently, if the Secured Creditor enforces payment of the Secured Obligation, the property and assets subject to this Pledge will be used exclusively and privileged to pay all claims of Secured Creditor.
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Concession Contracts. The Concession Contracts from which Future Production will be extracted under the Pledge are identified below without prejudice of any other contract as provided in Section 3.05. LEGAL STATUS OF MINING TITLES MININ G TITLES EXECUTI ON DATE REGISTRATIO N DATE AREA Ha CURRENT STATUS TERMINATIO N DATE 5790 July 2, 2002 September 16, 2002 270.00 CONCESSION CONTRACT 2032 5791 Decembe r 17, 2002 October 7, 2003 219.97 CONCESSION CONTRACT 2033 7171 February 14, 2011 May 6, 2011 498.48 CONCESSION CONTRACT 2041 7560 Decembe r 9, 2009 September 30, 2010 499.70 CONCESSION CONTRACT 2040 LDM- 08061 Applicatio n Date: April 10, 2010 N.A. 1,648.75 APPLICATION N.A. LKA- 08004 Applicatio n Date: Nov. 10, 2010 N.A. 52.70 APPLICATION N.A. 3,189.60
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Related to Concession Contracts

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Union Contracts Seller is not a party to any union contracts, collective bargaining agreements or other agreements relating to the organization of employees in effect with respect to employees of the Property.

  • Leases The Property is not subject to any leases other than the Leases described in the rent roll attached hereto as Schedule V and made a part hereof. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect and, to the best of Borrower’s knowledge, (a) there are no defaults thereunder by either party and (b) there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. No Rent (including security deposits) has been paid more than one (1) month in advance of its due date. To the best of Borrower’s knowledge, all work to be completed by Borrower prior to the date hereof under each Lease has been performed as required and has been accepted by the applicable tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any tenant has already been received by such tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein. To the best of Borrower’s knowledge, no tenant listed on Schedule I has assigned its Lease or sublet all or any portion of the premises demised thereby, no such tenant holds its leased premises under assignment or sublease, nor does anyone except such tenant and its employees occupy such leased premises. No Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant has no right or option for additional space in the Improvements. Except as otherwise disclosed by the Environmental Report (as defined in the Mortgage), no hazardous wastes or toxic substances, as defined by applicable federal, state or local statutes, rules and regulations, have been disposed, stored or treated by any tenant under any Lease on or about the Property nor does Borrower have any knowledge of any Tenant’s intention to use its premises for any activity which, directly or indirectly, involves the use, generation, treatment, storage, disposal or transportation of any petroleum product or any toxic or hazardous chemical, material, substance or waste. True, correct and complete copies of the Leases have been provided to Lender and such Leases have not been modified or amended in any way.

  • Gas Contracts No Credit Party, as of the date hereof or as disclosed to the Administrative Agent in writing, (a) is obligated in any material respect by virtue of any prepayment made under any contract containing a “take-or-pay” or “prepayment” provision or under any similar agreement to deliver Hydrocarbons produced from or allocated to any of the Borrower’s and its Subsidiaries’ Oil and Gas Properties at some future date without receiving full payment therefor at the time of delivery or (b) except as has been disclosed to the Administrative Agent, has produced gas, in any material amount, subject to balancing rights of third parties or subject to balancing duties under Legal Requirements.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Tenant Leases All existing Tenant Leases are listed in the Rent Roll. Seller has delivered, prior to the date hereof, to Buyer true and complete copies of all Tenant Leases including, but not limited to all amendments and notices of commencement and renewal and all correspondence related thereto, with the exception of that certain lease with Motherhood Maternity at the Finger Lakes Property. The Rent Roll is accurate as to the information set forth therein in all material respects as of the date set forth therein. Except as set forth in the Rent Roll and the Tenant Leases, Seller has not entered into any oral or written Tenant Leases, nor has Seller given any person (other than the Tenants named in the Rent Roll) any right of possession to the Property or any part thereof, and there are no other Tenant Leases or rights of possession. Except as set forth in the Rent Roll and the Tenant Leases, Seller has not given any concessions of any kind or character (including, without limitation, free or reduced rent, free or reduced parking, buy-out, finish out, moving, refurbishment, Tenant equity in the Property, cash payments to Tenants, lease assumptions and other concessions or allowances granted to induce a Tenant to enter into a lease, or expand or renew a lease, (collectively, "Concessions")) to any Tenant. No rent under any Tenant Lease has been paid more than one (1) month in advance by any Tenant. No Tenant has made any claim against Seller for any security deposits or other deposits (which has not been satisfied), and, except as set forth in Exhibit B, no Tenant has any defense or offset to rent accruing after the Closing Date. The Tenant Leases described in the Rent Roll are in full force and effect (except as to Tenants in bankruptcy who may assume or reject such Tenant Leases) and, except as set forth on the Rent Roll, no breach exists in the payment of rents except as shown on the Rent Roll, no other default or breach exists on the part of any Tenant thereunder except as disclosed to Buyer in writing or identified on the Rent Roll, and except as set forth in Exhibit B, Seller has not received any notice of any alleged default or breach on the part of Seller thereunder. All Deposits (and a statement as to whether interest is payable thereon in accordance with the terms of the applicable Tenant Lease) are listed in the Rent Roll.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of Xxxxx Xxxxx prevailing wage rates, the Xxxxxxxx “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • Contracts and Leases (a) Schedule 4.12(a) lists each written contract, license, agreement, or personal property lease which is material to the business or operations of the Purchased Assets, other than any contract, license, agreement or personal property lease which is listed or described on another Schedule, or which is expected to expire or terminate prior to the Closing Date, or which provides for annual payments by Seller after the date hereof of less than $250,000 or payments by Seller after the date hereof of less than $1,000,000 in the aggregate.

  • Real Property Leases Section 2.12 of the Disclosure Schedule lists all Leases and lists the term of such Lease, any extension and expansion options, and the rent payable thereunder. The Company has delivered to the Buyer complete and accurate copies of the Leases. With respect to each Lease:

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