Common use of New Concession Agreement Clause in Contracts

New Concession Agreement. In the event of division of the Concession Area for any reason, a new concession agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement. Upon approval of the Assignment, ANP shall call the Concessionaires to execute the new Concession Agreements within thirty (30) days of such approval. The new Concession Agreements entered into by the Parties shall be effective as of the date of their execution, under the Applicable Laws and Regulations. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee on the rights arising from this Agreement. Concessionaire shall notify ANP of the guarantee business provided for in Section 28.19 above, by sending a copy of the respective instrument of guarantee, within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from the guarantee foreclosure constitutes an assignment and depends on prior and express consent of ANP.

New Concession Agreement. In the event of division of the Concession Area for any reason, a new concession agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement. Upon approval of the Assignment, ANP shall call the Concessionaires to execute the new Concession Agreements within thirty (30) days of such approval. The new Concession Agreements entered into by the Parties shall be effective as of the date of their execution, under the Applicable Laws and RegulationsLaws. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee on the rights arising from this Agreement. Concessionaire shall notify ANP of the guarantee business provided for in Section paragraph 28.19 above, by sending a copy of the respective instrument of guarantee, within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from the guarantee foreclosure constitutes an assignment and depends on prior and express consent of ANP.

New Concession Agreement. In the event of division of the Concession Area for any reason, a new concession agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement. Upon approval of the Assignment, ANP shall call the Concessionaires to execute the new Concession Agreements within thirty (30) days of such approval. The new Concession Agreements entered into by the Parties shall be effective as of the date of their execution, under the Applicable Laws and Regulations. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee on the rights arising from this Agreement. Concessionaire shall notify ANP of the guarantee business provided for in Section paragraph 28.19 above, by sending a copy of the respective instrument of guarantee, within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from the guarantee foreclosure constitutes an assignment and depends on prior and express consent of ANP.

New Concession Agreement. In the event of division of the Concession Area for any reason, a new concession agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement. Upon approval of the Assignment, ANP shall call the Concessionaires to execute the new Concession Agreements within thirty (30) days of such approval. The new Concession Agreements entered into by the Parties shall be effective as of the date of their execution, under the Applicable Laws and Regulations. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee on the rights arising from this Agreement. The Concessionaire shall notify ANP of about the guarantee business operation provided for in Section 28.19 paragraph 27.19, above, by sending a copy of the respective relevant instrument of guarantee, guarantee within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from the guarantee foreclosure constitutes an assignment and depends on prior and express consent of ANP.

New Concession Agreement. In the event of division of the Concession Area for any reason, a new concession agreement shall be executed for each area resulting from the division, keeping the same terms, obligations, programs, and deadlines of the original Agreement. Upon approval of the Assignment, ANP shall call the Concessionaires to execute the new Concession Agreements within thirty (30) days of such approval. The new Concession Agreements entered into by the Parties parties shall be effective as of the date of their execution, under the Applicable Laws and Regulations. Within the scope of credit transactions or credit facility agreement, the Concessionaires may create guarantee guarantees on the rights arising from this Agreement. The Concessionaire shall notify ANP of about the guarantee business transaction provided for in Section 28.19 paragraph 28.19, above, by sending a copy of the respective relevant instrument of guarantee, guarantee within thirty (30) days of the date of its execution. The guarantee shall be foreclosed under the Applicable Laws and Regulations and upon notice to ANP pursuant to the instrument of guarantee, provided that transfer of ownership arising from foreclosure of the guarantee foreclosure constitutes an assignment Assignment and depends on prior and express consent of ANP.