Vesting of Site with Concessionaire Sample Clauses

Vesting of Site with Concessionaire. 10.1.1. Pursuant to grant of Concession and in consideration of grant of lease of the Site in accordance with Land Lease Agreement, the Concessionaire shall pay to the ULB by way of lease payment (the “Lease Payment”), as per Schedule 19 during the Concession Period. Subject to other provisions of the Concession Agreement, Concessionaire shall have the full right to regulate the entry into and use of the Site. The land constituting the Site shall be vested with Concessionaire under this Concession, for the sole purposes of performance, execution and implementation of the Project. 10.1.2. The ULB will hand over land to the Concessionaire in accordance with Clause 6.1.1(e).
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Vesting of Site with Concessionaire. (a) State Govt hereby agrees that the land constituting the Site shall be vested with the Concessionaire under the Lease Agreement, for the purposes of the development of the Regional MSW Facility for enabling the Participating ULBs to discharge their functions of management, treatment, processing and disposal of MSW. State Govt shall vest the Site with the Concessionaire in accordance with this clause no later than six (6) months from the date of execution of this Concession Agreement. (b) State Govt shall lease the Site to the Concessionaire at a nominal lease rental of Rs. [●] per square meter per annum for the Term and the Concessionaire shall execute a separate Lease Agreement with State Govt together with the execution of this Agreement. The lease rental can be paid in advance for such period of time as the Concessionaire may deem fit. The lease rental shall remain fixed for the entire Term and shall not be subject to any escalation. The Concessionaire shall have the full right to regulate the entry into and use of the Site.
Sample 1
Vesting of Site with Concessionaire. The site of the Project shall comprise the one contiguous piece of land admeasuring twelve(12) Acres earmarked by SDMC at Tehkhand, Okhla, New Delhi described in Schedule-I, and in respect of which lease shall be provided and granted by the SDMC to the Concessionaire in accordance with this Agreement (collectively, the "Site").
Sample 1
Vesting of Site with Concessionaire. Pursuant to grant of Concession and in consideration of grant of lease of the Site in accordance with Land Lease Agreement, the Concessionaire shall pay to the Authority by way of lease payment (the “Lease Payment” / “Concession Fee”), a nominal sum of Re. 1 (Rupee one) per square meter per annum during the Concession Period. The amount of Lease Payment shall be escalated in accordance with the Land Lease Agreement. Subject to other provisions of the Concession Agreement, Concessionaire shall have the full right to regulate the entry into and use of the Site. The land constituting the Site shall be vested with Concessionaire under this Concession, for the sole purposes of performance, execution and implementation of the Project. The Concessionaire is responsible for payment of all applicable taxes, including property tax on the site. The Authority will hand over land to the Concessionaire in accordance with Clause 6.1.2(f) upon achievement of Milestones for land transfer as set out in Schedule 9, Clause 9.7.
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Related to Vesting of Site with Concessionaire

  • Granting of Sick Leave An employee shall be granted sick leave with pay when he or she is unable to perform his or her duties because of illness or injury provided that:

  • Service with Company During the Term, Employee agrees to perform such duties and responsibilities as are assigned to him from time to time by Company’s Chief Executive Officer (the “CEO”) and/or Board of Directors (the “Board”).

  • Reporting of Sick Leave The employee will call in sick or returning in accordance with Article 14.05 to the designated employer for purposes of payment. For purposes of notification of absence, the employee will notify the appropriate home in accordance with Article 14.05 of their absence that shift.

  • Compliance with Contractor Employee Jury Service Ordinance Contractor shall comply with the County Ordinance with respect to provision of jury duty pay to employees and have and adhere to a written policy that provides that its employees shall receive from the Contractor, on an annual basis, no less than five days of regular pay for actual jury service in San Mateo County. The policy may provide that employees deposit any fees received for such jury service with the Contractor or that the Contractor deduct from the employees’ regular pay the fees received for jury service.

  • Transfer of Sick Leave Any teacher shall be entitled to transfer sick leave credit from 14 other Florida school districts with the restriction that at least one-half (1/2) of the valid 15 accrued leave shall be established in The School District of Xxx County, Florida.

  • Verification of Sick Leave The appointing officer or designee to whom application for sick leave is made may make such independent investigation as to the necessity for sick leave as is deemed proper and may require certification for any period of sick leave, provided that the employee has been previously notified in writing that such certification for absence of less than five working days shall be required. The Human Resources Director may at any time make such independent investigation as may be deemed proper regarding the illness of any person on sick leave.

  • Coordination, Oversight and Monitoring of Service Providers As set forth in the Administrative Services Agreement between the Fund and CRMC, CRMC shall coordinate, monitor and oversee the activities performed by the Service Providers with which AFS contracts. AFS shall monitor Service Providers’ provision of services including the delivery of Customer account statements and all Fund-related material, including summary prospectuses and/or prospectuses, shareholder reports, and proxies.

  • Commencement of Services The Services will be commenced immediately upon receipt of the signed Proposal (the “Agreement”). If after commencement of the Services, the Project is delayed for any reason beyond Xxxxxxxxx’x control for more than 60 days, the terms and conditions contained herein will be subject to revision by Xxxxxxxxx. Subsequent modifications to this Agreement must be in writing and signed by the parties to the Agreement.

  • Bridging of Service If a regular employee resigns after the signing of this Agreement as a result of a decision to care for a dependent child or dependent children, spousal illness or disability, or an aging parent and is re- employed, upon application she shall be credited with length of service accumulated at time of termination for the purpose of benefits based on service seniority. The following conditions shall apply: (a) the employee must have been a regular employee with at least three (3) years of service seniority at time of termination; (b) the resignation must indicate the reason for termination; (c) the break in service shall be for no longer than six (6) years; (d) the previous length of service shall not be reinstated until successful completion of the probation period on re-employment.

  • Vesting of Shares (a) Except as otherwise provided in Section 2(b) below, the Executive Shares purchased hereunder will become vested in accordance with the following schedule, if as of each such date Executive is still employed by the Company or any Subsidiary of the Company: CUMULATIVE PERCENTAGE OF DATE EXECUTIVE SHARES TO BE VESTED ---- ----------------------------- 1st Anniversary of this Agreement 20% 2nd Anniversary of this Agreement 40% 3rd Anniversary of this Agreement 60% 4th Anniversary of this Agreement 80% 5th Anniversary of this Agreement 100% (b) Notwithstanding the foregoing or anything herein to the contrary, upon the occurrence of a Sale of the Company, all Executive Shares which have not yet become vested shall become vested at the time of such Sale of the Company (such portion being referred to herein as the "Accelerated Shares"); provided, however, and subject to and unless otherwise provided for under the Stockholders Agreement by and among the Company, the Investors, the Executive and certain other parties, that Executive shall not Transfer any interest in any Accelerated Shares unless and until such time as the Investors shall have received cash dividends or other cash proceeds resulting from any distributions on or dispositions of any Preferred Stock or Common Stock in an aggregate amount equal to the product of (i) two (2), multiplied by (ii) the aggregate purchase price paid by the Investors to the Company for all Preferred Stock, Common Stock and other equity interests of the Company purchased by the Investors (but not in any event including amounts committed but not yet contributed to the capital of the Company). Executive Shares which have become vested hereunder are referred to herein as "Vested Shares," and all other Executive Shares are referred to herein as "Unvested Shares." (c) The Executive Securities shall at all times be subject to such restrictions or limitations with respect to the Transfer thereof that may be contained herein or in the Stockholders Agreement or as otherwise provided by law.

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