Common use of No Compensation on Expiry of Concession Period Clause in Contracts

No Compensation on Expiry of Concession Period. In the event of expiry of Concession by efflux of time (the Concession having run its full course), the Concessionaire shall hand over/ transfer peaceful possession of the Project Site, Port’s Assets and the Project Facilities and Services free of cost and Encumbrance.

Appears in 9 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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No Compensation on Expiry of Concession Period. In the event of expiry of Concession by efflux of time (the Concession having run its full course), the Concessionaire shall hand over/ transfer peaceful possession of the Project Site, Port’s Assets and the andthe Project Facilities and Services free of cost and Encumbrance.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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