Common use of Extension of Concession Period Clause in Contracts

Extension of Concession Period. Subject to the provisions of Clause 21.3.5, in the event that a material breach or default of this Agreement set forth in Clause 21.3.2 causes delay in achieving COD or leads to suspension of or reduction in realisation of Tariff, as the case may be, the Concessioning Authority shall, in addition to payment of compensation under Clause 21.3.2, extend the Concession Period, such extension in the Concession Period shall be considered and determined by the Concessioning Authority at such time. The decision of the Concessioning Authority in this matter shall be final and binding.

Extension of Concession Period. Subject to the provisions of Clause 21.3.535 A.5, in the event that a material breach or default of this Agreement set forth in Clause 21.3.2 35 A.2 causes delay in achieving COD or leads to suspension of or reduction in realisation of TariffGross Revenue, as the case may be, the Concessioning Authority shall, in addition to payment of compensation under Clause 21.3.235 A.2, extend the Concession Period, such extension in the Concession Period shall be considered and determined by the Concessioning Authority at such time. The decision of the Concessioning Authority in this matter shall be final and binding.