Common use of Extension of Concession Period Clause in Contracts

Extension of Concession Period. Subject to the provisions of Clause 31.5, in the event that a material default or breach of this Agreement set forth in Clause 31.2 causes delay in achieving COD of Bus Terminal or leads to suspension of or reduction in collection of charge(s), as the case may be, the Authority shall, in addition to payment of compensation under Clause 31.2, extend the Concession Period, such extension being equal in duration to the period by which COD of Bus Terminal was delayed or the collection of charge(s) remained suspended on account thereof, as the case may be.

Appears in 16 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!