Common use of Concession Clause in Contracts

Concession. It is the legal relationship in Public Law that is established between the Grantor and the Concessionaire as of the Closing Date, by means of which the Grantor grants the Concessionaire the right to economic exploitation of a public utility, during its validity term, according to Agreement Terms and to the Applicable Laws and Provisions.

Concession. It is Is the legal relationship in Public Law relation of public law that is established between the Grantor and the Concessionaire as of since the Closing Dateclosing date, by means of which whereby the Grantor grants to the Concessionaire the right to for economic exploitation operation of a the public utilityservice, during its validity effectiveness term, according to Agreement Terms the terms of the Contract and to the Applicable Laws applicable laws and Provisionsprovisions.