Grant of Permit.
(a) Pursuant to the Act and subject to the terms and conditions of this Agreement, the Department grants to the Developer the exclusive right, and the Developer accepts (i) the obligation to develop, design, finance, construct, operate and maintain the Project (including without limitation the obligation to develop, design, finance and construct the Transferred Project Assets) and (ii) the right to establish, impose, charge, collect, use and enforce payment of tolls and related charges (the “Permit”).
(b) The Department’s grant of the Permit pursuant to Section 4.01(a), and the Developer’s obligations with respect thereto pursuant to Section 4.01(a), are conditional upon Financial Close having occurred in accordance with Section 7.06; provided however that portions of the Work may be performed by the Developer prior to Financial Close pursuant to Section 8.02.
(c) In consideration of the Permit granted to the Developer by the Department pursuant to this Section 4.01, the Developer will perform the Work in accordance with the terms hereof at its own expense except as otherwise provided herein and pay (to the extent required) to the Department the Permit Fee in accordance with the Permit Fee calculation attached as Exhibit J.
Grant of Permit. PERMITTEE is hereby granted a permit for the use of a boat slip for the 2023 boating season (as defined in Paragraph #5) at the EAST XXXXXX XXXXXX.
Grant of Permit. Pursuant to the PPTA and subject to the terms and conditions of this Agreement as may be further described in the other Project Agreements, the Department hereby grants to the Concessionaire a permit (the “Permit”) pursuant to which the Concessionaire shall have the exclusive right, and the Concessionaire accepts the obligation (i) to finance, develop, design and construct the Route 495 HOT Lanes in Virginia Project, and (ii) from and after the Service Commencement Date and until the end of the Term, to manage, operate, maintain, improve and equip the HOT Lanes Project and establish, impose, charge, collect, use and enforce payment of tolls.
Grant of Permit. (a) Pursuant to the Act and subject to the terms and conditions of this Agreement, the Department grants to the Concessionaire the exclusive right, and the Concessionaire accepts
(i) the obligation to develop, design, finance, construct, operate, and maintain the Project, including the obligation to operate and maintain the STE following the applicable Service Commencement Date and following handover pursuant to Section 8A.11 and (ii) the right to establish, impose, charge, collect, use, and enforce payment of tolls and related charges (the “Permit”). For the avoidance of doubt, (1) the design, development, and construction of the Project shall not include the design, development, and construction of the STE and (2) the operations and maintenance of the Project shall not include the operations and maintenance of the 395 Department Assets.
(b) The Department’s grant of the Permit and the Concessionaire’s obligations, each pursuant to Section 4.01(a), is conditioned on:
(i) Financial Close having occurred in accordance with Section 7.03 (with respect to the Original HOT Lanes);
(ii) 395 Financial Close having occurred in accordance with Section 7.03A (with respect to the 395 HOT Lanes); and
(iii) Xxxx Ex Financial Close having occurred in accordance with Section 7.03B (with respect to the Xxxx Ex HOT Lanes); provided however that portions of the Work may be performed by the Concessionaire prior to Financial Close pursuant to Section 8.02 and Section 8.04, prior to 395 Financial Close pursuant to Section 8.17, or prior to Xxxx Ex Financial Close pursuant to Section 8.20.
(c) In consideration of the Permit granted to the Concessionaire by the Department pursuant to this Section 4.01, the Concessionaire will perform the Work at its own expense except as otherwise provided in this Agreement and pay (to the extent required) to the Department the Gross Toll Share Payment in accordance with the Gross Toll Share Payment calculation attached as Exhibit J-2 and the Annual Transit Investment in accordance with Section 5.11 and the terms as set forth in Exhibit P, which Annual Transit Investment also is in consideration for all the rights granted with respect to the 395 Project.
Grant of Permit. Pursuant to the PPTA and subject to the terms and conditions of this Agreement as may be further described in the other Project Agreements, the Department hereby grants to the Concessionaire a permit (the “Permit”) pursuant to which the Concessionaire shall have the exclusive right, and the Concessionaire accepts the obligation (i) to finance, develop, design and construct the Project, and (ii) from and after the applicable Service Commencement Date and until the end of the Term, to manage, operate, maintain, improve and equip the HOT Lanes Project and establish, impose, charge, collect, use and enforce payment of tolls.
Grant of Permit. Pursuant to the PPTA and subject to the terms and conditions of this Agreement, the Department grants to the Concessionaire the exclusive right, and the Concessionaire accepts the obligation: (a) to finance, develop, design and construct the Project, and (b) from and after the Service Commencement Date and until the end of the Term, to manage, operate, maintain and improve the Project and to establish, impose, charge, collect, use and enforce payment of tolls and related charges (the “Permit”).
Grant of Permit. The City hereby grants to Permittee a Permit over and across a portion of the City Property, as shown on the attached Exhibit C and hereinafter referred to as the "Permitted Area," for the purposes and subject to the restrictions set forth herein. Use of the Permitted Area shall be exclusively for the Permittee and the City, and not for access by the general public. J:\FORMS & LETTERS\APS-LIC & PERMITS\Long Term RPA 1 10/10/12
Grant of Permit. By issuance of this Permit, the Commission hereby grants Permittee the non- exclusive right, in common with others so authorized, to operate a ground transportation business at the Airport for the purpose of providing Permittee’s authorized Drivers with access for requests to drop off and pick up and transport Passengers to and from the Airport in accordance with the terms and conditions of this Permit.
Grant of Permit. The Ministry shall on the Effective Date issue COMPANY (A) the Exploration and Feasibility Study Permit. The permit shall be valid for the period as prescribed in Article 6.1 (b).
Grant of Permit. (a) Pursuant to the Act and subject to the terms and conditions of this Agreement, the Department grants to the Concessionaire the exclusive right, and the Concessionaire accepts the obligation (i) to finance, develop, design, construct, manage, operate and maintain the Project and (ii) to establish, impose, charge, collect, use and enforce payment of tolls and related charges (the “Permit”).
(b) The Department’s grant of the Permit pursuant to Section 4.01(a), and the Concessionaire’s obligations with respect thereto pursuant to Section 4.01(a), are conditional upon Financial Close having occurred in accordance with Section 7.03; provided, however, that portions of the Work may be performed by the Concessionaire prior to Financial Close pursuant to Section 8.02.
(c) In consideration of the Permit granted to the Concessionaire by the Department pursuant to this Section 4.01, the Concessionaire will perform the Work at its own expense except as otherwise provided herein and pay (to the extent required) to the Department the Assigned Gross Revenue and Refinancing Gain Share in accordance with the Assigned Gross Revenue and Refinancing Gain Share Calculation attached as Exhibit H; provided, however, that Refinancing Gains attributable to Planned Refinancings will not be subject to sharing under the Assigned Gross Revenue and Refinancing Gain Share Calculation.
(d) The Department shall have the right to dispute the Concessionaire’s calculation of the Assigned Gross Revenue and Refinancing Gain Share or to request additional information, clarification or amendment of such calculation, at any time for a period of 60 days following the submission of any data furnished pursuant to the Assigned Gross Revenue and Refinancing Gain Share Calculation. The Concessionaire shall deliver to the Department such information, clarification or amendment within 30 Days following the delivery of the Department’s request. If the Department does not agree with the calculation of the Assigned Gross Revenue and Refinancing Gain Share, the Dispute shall be resolved according to the dispute resolution procedures described in Article 21.
(e) The Concessionaire’s obligations to pay the Assigned Gross Revenue and Refinancing Gain Share shall survive the expiration of the Term. EXECUTION VERSION – DECEMBER 5, 2011
