Common use of Concession Period Clause in Contracts

Concession Period. The period of Concession shall commence on the Execution Date of this Agreement and shall if not terminated earlier or extended by ADCL in accordance with the terms and conditions hereof, remain valid for a period of 33 (thirty three) Years from such date, during which the Concessionaire is authorized to implement the Project in accordance with the provisions of this Agreement (the “Concession Period”). For the avoidance of doubt, the Concession Period shall include the Construction Period.

Concession Period. The period of Concession shall commence on the Execution Date of this Agreement and shall if not terminated earlier or extended by ADCL in accordance with the terms and conditions hereof, remain valid for a period of 33 (thirty Thirty three) Years from such date, during which the Concessionaire is authorized to implement the Project in accordance with the provisions of this Agreement (the “Concession Period”). For the avoidance of doubt, the Concession Period shall include the Construction Period.