Proposed Concession Structure Sample Clauses

Proposed Concession Structure. The concession is structured to facilitate a limited recourse project financing in which the Project is financed mainly on the basis of forecast revenue streams and not through Government debt or balance sheet. This form of financing is now well established globally as a means of developing airport projects and its structure is familiar and indeed mandated by Project finance institutions. As such, the wheel should not be reinvented: tried and tested contractual structures need to be implemented to ensure familiarity to financing institutions and access to private capital. The core structure centers around a Grantor-Concessionaire contract relationship, established on the basis of allocating risks and responsibilities to the party best-placed to manage and control each risk. ProjectCo will raise private capital from equity and debt providers and will enter into the agreements necessary to develop the Project. Following international precedent, the chart below illustrates the proposed contractual structure for the Project. Int’ Banks Devl’ Banks Safety, Security, Economic Finance Grant & Oversight of Concession Project Company Special Purpose Vehicle Project Lenders Lead Arranger Principal & Interest Management Int’ Banks Debt Civil Airports Authority Host Government ‘Grantor’ Civil Aviation Regulator Property Users Service Suppliers Insurance Providers Construction Companies Concession Operator Customers (Airlines) (Passengers) Local Banks Devl’ Banks Figure.2: Airport Concession Structure Sponsor / Proposing Group Equity Returns
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Proposed Concession Structure. The concession is structured to facilitate a limited recourse project financing in which the Project is financed mainly on the basis of forecast revenue streams and not through Government debt or balance sheet. This form of financing is now well established globally as a means of developing airport projects and its structure is familiar and indeed mandated by Project finance institutions. As such, the wheel should not be reinvented: tried and tested contractual structures need to be implemented to ensure familiarity to financing institutions and access to private capital. The core structure centers around a Grantor-Concessionaire contract relationship, established on the basis of allocating risks and responsibilities to the party best-placed to manage and control each risk. ProjectCo will raise private capital from equity and debt providers and will enter into the agreements necessary to develop the Project. Following international precedent, the chart below illustrates the proposed contractual structure for the Project. Int’ Banks Devl’ Banks Safety, Security, Economic Equity Returns Debt Finance
Sample 1

Related to Proposed Concession Structure

  • SCOPE OF CONCESSION A. Concessionaire shall be granted, under a Concession Agreement (“Agreement”), the non- exclusive, revocable right to dispense food, non-alcoholic beverages, and novelties (hereinafter referred to as the “Concession Operation”) at Belleplain State Forest. Concessionaire’s operation shall be limited to the structure(s) or area(s) provided by Department for concession purposes and specifically designated in Exhibit A (hereinafter referred to as the “Concession Premises”).

  • Extension of Concession Period Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.

  • Contracts Concerning Use of Project The Recipient agrees that during the Agreement Term it will not contract with any Private Person for use of the Project or any portion thereof or the facility or facilities of which the Project is a part for any Private Business Use unless all of the conditions of subparagraph F.3.a., subparagraph F.3.b. or subparagraph F.3.c. are met:

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • FALSE STATEMENTS CONCERNING HIGHWAY PROJECTS T h i s p r o v i s i o n i s applicable to all Federal-aid construction contracts and to all related subcontracts. In order to assure high quality and durable construction in conformity with approved plans and specifications and a high degree of reliability on statements and representations made by engineers, contractors, suppliers, and workers on Federal- aid highway projects, it is essential that all persons concerned with the project perform their functions as carefully, thoroughly, and honestly as possible. Willful falsification, distortion, or misrepresentation with respect to any facts related to the project is a violation of Federal law. To prevent any misunderstanding regarding the seriousness of these and similar acts, Form FHWA-1022 shall be posted on each Federal-aid highway project (23 CFR 635) in one or more places where it is readily available to all persons concerned with the project: 18 U.S.C. 1020 reads as follows: "Whoever, being an officer, agent, or employee of the United States, or of any State or Territory, or whoever, whether a person, association, firm, or corporation, knowingly makes any false statement, false representation, or false report as to the character, quality, quantity, or cost of the material used or to be used, or the quantity or quality of the work performed or to be performed, or the cost thereof in connection with the submission of plans, maps, specifications, contracts, or costs of construction on any highway or related project submitted for approval to the Secretary of Transportation; or Whoever knowingly makes any false statement, false representation, false report or false claim with respect to the character, quality, quantity, or cost of any work performed or to be performed, or materials furnished or to be furnished, in connection with the construction of any highway or related project approved by the Secretary of Transportation; or Whoever knowingly makes any false statement or false representation as to material fact in any statement, certificate, or report submitted pursuant to provisions of the Federal-aid Roads Act approved July 1, 1916, (39 Stat. 355), as amended and supplemented; Shall be fined under this title or imprisoned not more than 5 years or both."

  • Exchange of Concessions 1. The Parties to this Agreement shall mutually allocate concessions set forth in Protocol I in accordance with the provisions of this Chapter.

  • The Concession 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and Applicable Permits, the Authority hereby grants to the Concessionaire the concession set forth herein including the exclusive right, licence and authority to construct, operate and maintain the Project (the “Concession”) during the Construction Period and for a period of 10 (ten) years commencing from COD, and the Concessionaire hereby accepts the Concession and agrees to implement the Project subject to and in accordance with the terms and conditions set forth herein.

  • Ownership of Acquired Property Except to the extent that a specific provision of this contract states to the contrary, the State shall own all intellectual property acquired or developed under this contract and all equipment purchased by the Engineer or its subcontractors under this contract. All intellectual property and equipment owned by the State shall be delivered to the State when the contract terminates, or when it is no longer needed for work performed under this contract, whichever occurs first.

  • MAINTENANCE OF CONCESSION PREMISES A. Concessionaire shall preserve and maintain the Concession Premises in good and clean condition, reasonable wear and tear excepted. Concessionaire is solely responsible for the maintenance and cleanliness of the Concession Premises.

  • If there is a permitted secondary offering (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.

Time is Money Join Law Insider Premium to draft better contracts faster.