Entering of the CONCESSIONAIRE Sample Clauses

Entering of the CONCESSIONAIRE into the rights and obligations under the effective insurance contracts relevant to the object of concession or signing of new insurance contracts in conformity to the requirements of the present Concession Agreement. The date of entering into force will be date on which the last of the conditions is fulfilled. With regard to the fact that the term envisaged under art. 6.2 is up to 3 (three) months for receiving of the necessary licenses, the date of entering into force will come in 3-month term as from the date of signing of the present Concession Agreement under the condition that all conditions envisaged under this article have been fulfilled. In case the condition under art. 6.2.5 is not fulfilled until the expiry of the three-month term then the Date of entering into force shall be the 10-th day after entering into force of the decision of the Commission on Protection of Competition (or the respective other competent body), by which the concentration is permitted or a decision that such permission is not necessary.
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