Common use of Term of Concession Clause in Contracts

Term of Concession. 2.2.1 This Agreement shall take effect on the Effective Date, and shall remain in effect until expiration of the Lease or earlier termination of this Agreement and (if in effect) the Lease (the “Term”). The term of the Lease shall commence upon the Operating Commencement Date that first occurs, and shall continue until the date that is 52 years after the Effective Date; provided that the Lease shall be subject to earlier termination in accordance with the terms of this Agreement and the Lease shall be subject to extension under Section 13.1.4.

Appears in 9 contracts

Samples: Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement

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Term of Concession. 2.2.1 This Agreement shall take effect on the Effective Date, and shall remain in effect until expiration of the Lease or earlier termination of this Agreement and (if in effect) the Lease (the “Term”). The term of the Lease shall commence upon the Operating Commencement Date that first occurs, occurs and shall continue until the date that is 52 years after the Effective Date; provided that the Lease shall be subject to earlier termination in accordance with the terms of this Agreement and the Lease shall be subject to extension under Section 13.1.4.

Appears in 7 contracts

Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement

Term of Concession. 2.2.1 This Agreement shall take effect on the Effective Date, and shall remain in effect until expiration of the Lease or earlier termination of this Agreement and (if in effect) the Lease (the “Term”). The term of the Lease shall commence upon the Operating Commencement Date that first occurs, and shall continue until the date that is 52 years after the Effective Date; provided that the Lease shall be subject to earlier termination in accordance with the terms of this Agreement and the Lease shall be subject to extension under Section 13.1.4.

Appears in 3 contracts

Samples: Comprehensive Development Agreement, Comprehensive Development Agreement, Comprehensive Development Agreement

Term of Concession. 2.2.1 This Agreement shall take effect on the Effective Date, and shall remain in effect until expiration of the Lease or earlier termination of this Agreement and (if in effect) the Lease (the “Term”). The term of the Lease shall commence upon the Operating Commencement Date that first occurs, and shall continue until the date that is 52 years after the Effective Date; , provided that the Lease shall be subject to earlier termination in accordance with the terms of this Agreement and the Lease shall be subject to extension under Section 13.1.4.

Appears in 2 contracts

Samples: Comprehensive Development Agreement, Comprehensive Development Agreement

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Term of Concession. 2.2.1 This Agreement shall take effect on the Effective Date, and shall remain in effect until expiration of the Lease or earlier termination of this Agreement and (if in effect) the Lease (the “Term”). The term of the Lease shall commence upon the Operating Commencement Date that first occurs, occurs and shall continue until the date that is 52 years after the Effective DateJune 22, 2061; provided that the Lease shall be subject to earlier termination in accordance with the terms of this Agreement and the Lease shall be subject to extension under Section 13.1.4.

Appears in 1 contract

Samples: Facility Agreement

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