Common use of Extension of Concession Period Clause in Contracts

Extension of Concession Period. Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.

Appears in 28 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Extension of Concession Period. Subject to the provisions of Clause 35.635 A.5, in the event that a material breach or default or breach of this Agreement set forth in Clause 35.2 35 A.2 causes delay in achieving COD or leads to suspension of or reduction in collection realisation of FeeGross Revenue, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.235 A.2, extend the Concession Period, such extension being equal in duration to the period Concession Period shall be considered and determined by which COD was delayed or the collection Authority at such time. The decision of Fee remained suspended on account thereof, as the case may beAuthority in this matter shall be final and binding.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.631.5, in the event that a material default or breach of this Agreement set forth in Clause 35.2 31.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may beCOD, the Authority shall, in addition to payment of paymentof compensation under Clause 35.231.2, extend the Concession Period, such extension being equal in duration to durationto the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.delayed

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of FeeAnnuity, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may bedelayed.

Appears in 1 contract

Samples: Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.6, in 27.3.1 In the event that a material default or breach of this Agreement set forth in Clause 35.2 29.5 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, User Charges as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.229.5, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may bedelayed.

Appears in 1 contract

Samples: Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.629.4, in the event that a material breach or default or breach of this Agreement set forth in Clause 35.2 29.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may beCOD, the Authority shall, in addition to payment of compensation under Clause 35.2, extend 29.2,extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may bedelayed.

Appears in 1 contract

Samples: Concession Agreement

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Extension of Concession Period. Subject to the provisions of Clause 35.627.5, in the event that a material default or breach of this Agreement set forth in Clause 35.2 27.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Feesuspension, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.227.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may bedelayed.

Appears in 1 contract

Samples: Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of FeeAnnuity, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.delayed

Appears in 1 contract

Samples: Concession Agreement

Extension of Concession Period. Subject to the provisions of Clause 35.633.5, in the event that a material default or breach of this Agreement set forth in for thin Clause 35.2 33.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may be, the Authority shall, in addition to additionto payment of compensation under Clause 35.233.2, extend the Concession Period, such extension being extensionbe equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may bedelayed.

Appears in 1 contract

Samples: Iii Concession Agreement

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