Grant of Concession Rights. (1) In consideration of the Preferred Bidder having paid the Highest Upfront Fee to the Concessioning Authority, and agreeing to comply with the terms and conditions of this Agreement and the representations, warranties and covenants on part of the Concessionaire, and in accordance with this Agreement, the Applicable Laws and the terms of Applicable Permits, the Concessioning Authority hereby grants to the Concessionaire , and the Concessionaire hereby accepts the right in the Project Site for the Concession Period, solely for the purpose of constructing, financing, developing, operating and managing the Project for general commercial operation and any other ancillary activity connected with operation and maintenance of the Project without interruption of any nature whatsoever from the Concessioning Authority or any person claiming for and on behalf of the Concessioning Authority. It is also expressly agreed and understood that the acceptance of the Concession has been on the basis of the independent due diligence and study done by the Bidder and the Concessioning Authority does not stand guarantee on the viability of the project in any way.
(2) Subject to and in accordance with the provisions of this Agreement, the Applicable Laws & Applicable Permits, the Concession rights hereby granted shall, during the Concession Period, oblige or entitle (as the case may be) the Concessionaire to the following:
a) Enjoy the possession of the Project Site as per the Concession Agreement hereunder, for the purpose of undertaking the implementation of the Project;
b) Undertake the construction of assets, Project Facilities upon the Project Site, on its own or through sub‐contracts, in accordance with the terms hereof;
c) To apply for and obtain all requisite Applicable Permits for the development of the Project Site, including plans for construction of building/s and other structure/s thereon for such uses and purposes as prescribed herein;
d) Xxxxxx, collect and appropriate charges from the users of the Project;
e) Not to assign, transfer, lease or sublet or create any lien or Encumbrance on this Agreement, or rights hereby granted or on the whole or any part of the Project Site nor transfer, Concession, or part possession thereof, save and except as otherwise provided herein;
f) Perform and fulfill all of the Concessionaire’s obligations under and in accordance with this Development Agreement and
g) bear and pay all costs, expenses and charges in connection with or in...
Grant of Concession Rights. The Grantor hereby grants the Concessionaire the right to:
(a) design, research, engineer, finance, construct, operate, maintain, undertake the Rehabilitation of, and transfer the Xxxxxx HPPs to the Grantor upon the expiration of the Concession Period;
(b) design, research, engineer, finance, and construct the Xxxxxx Transmission Lines, and transfer to CGES the specific part within the Xxxxxx Transmission Lines being used not only for the electricity transmission from the Xxxxxx HPPs, but also for the purpose of electric energy system of Montenegro in accordance with Section 3.13; and
(c) sell the capacity of, the net electrical output of, the ancillary and system services generated by, any Emission Reductions from, the Xxxxxx HPPs to any purchaser thereof during the Concession Period, in each case in accordance with the Laws of Montenegro, the Social and Environmental Standards, the Consents, this Agreement, and the other Project Agreements (such rights collectively, the “Concession Rights”).
Grant of Concession Rights. The City hereby grants to Concessionaire, for the Term and subject to the exemptions, conditions, and provisions specified in this Agreement, the exclusive right and privilege to sell Programs and Novelties at events held at or in the KeyArena or any portion thereof, at or from the areas specified by the Director. The Seattle Center Director may also require Concessionaire to sell Programs and Novelties at events held in XxXxx Xxxx, or any portion thereof, on an event-by-event basis, at or from the areas specified by the Director, but otherwise subject to the same terms and conditions as are contained herein.
Grant of Concession Rights. The Grantor hereby grants the Concessionaire the right to:
(a) design, research, engineer, finance, construct, operate, maintain, undertake the Rehabilitation of, and (upon the expiration of the Concession Period) transfer the Xxxxxx HPPs to the Grantor;
(b) design, research, engineer, finance, and construct the Xxxxxx Transmission Lines, and until the transfer of the Xxxxxx Transmission Lines to PRENOS in accordance with Section 3.14; and
(c) sell the capacity of, the net electrical output of, the ancillary and system services generated by, and any Emission Reductions from, the Xxxxxx HPPs to any purchaser thereof during the Concession Period, in each case in accordance with the Laws of Montenegro, the Environmental Standards, the Consents, this Agreement, and the other Project Agreements (such rights collectively, the “Concession Rights”).
Grant of Concession Rights
