Obligations relating to Competing Roads. The Authority shall procure that during the subsistence of this Agreement, neither the Authority nor any Government Instrumentality shall, at any time before the 10th (tenth) anniversary of the Appointed Date, construct or cause to be constructed any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Highway in any year exceeds 90% (ninety percent) of its designed capacity specified in Clause
Appears in 4 contracts
Samples: Model Concession Agreement, Concession Agreement, Concession Agreement
Obligations relating to Competing Roads. The Authority shall procure that during the subsistence of this Agreement, neither the Authority nor any Government Instrumentality shall, at any time before the 10th (tenth) anniversary of the Appointed Date, construct commission or operate or cause to be constructed commissioned or operated any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Highway in any year exceeds 90% (ninety percentper cent) of its designed capacity specified in ClauseClause 29.2.
Appears in 3 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
Obligations relating to Competing Roads. The Authority Government shall procure that during the subsistence of this Agreement, neither the Authority Government nor any Government Instrumentality shall, at any time before the 10th (tenth) anniversary of the Appointed Date, construct or cause to be constructed any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Highway in any year exceeds 90% (ninety percentper cent) of its designed capacity specified in ClauseClause 29.2.
Appears in 1 contract
Samples: Concession Agreement
