Authorisation Period definition

Authorisation Period means the period specified under Section 2.2 of the Authorisation Agreement;

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Authorisation Period means either the Contract Period or the period commencing on the Commencement Date and expiring 10 years therefrom, whichever is shorter;

Authorisation Period means the period commencing from the Appointed Date and extending till the expiry of eighty four months from the Commercial Operations Date, provided however that the last day of the relevant month shall be considered for this purpose.

Examples of Authorisation Period in a sentence

TSRTC shall on the date of Signing of Authorization Agreement, Lease the Project Site to the Preferred Bidder on an “as is where is basis” under a valid and binding Land Lease Deed for a period coterminous with the Authorisation Period.
For the avoidance of doubt, the Lead Member shall during the Authorisation Period, hold at least 26% of the paid up equity share capital of the Authorisee( in SPC).
The Authorisee shall pay the premium payable on such insurance policy(ies) so as to keep the policy(ies) in force and valid throughout the Authorisation Period and furnish certified true copies of the same to the Grantor.
Further, this Agreement shall automatically terminate upon expiry of the Authorisation Period by efflux of time, or in the event of Termination.
Without prejudice to any other consequences or requirements under this Agreement or under any law, the following consequences shall follow upon expiry of the Authorisation Period by efflux of time or due to a Force Majeure Event or an Event of Default.
Provided that in the event of Termination, the Authorisation Period shall mean and be limited to the period commencing from the Agreement Date and ending with the Termination Date.
In the case of any delays in shifting of the utilities due and attributable to the owner of the utility or the Grantor and provided such delay is not due to any default or negligence on the part of the Authorisee or Persons claiming through or under it, there shall be a commensurate extension of the Authorisation Period as certified by the Independent Engineer/Consultant.
All such labour and employees shall be the responsibility of the Authorisee/such Persons even after the expiry of the Authorisation Period and they shall have no claim to any type of employment or compensation from TSRTC.
The Authorisation Period shall commence from the Appointed Date and shall be co-terminus with the Concession Period.
The Concessionaire shall keep the Authority indemnified during the Authorisation Period against any claims, damages, liabilities, costs, penalties etc.

More Definitions of Authorisation Period

Authorisation Period means the period as mentioned in Article I of this Agreement. “Authorisation” means the rights granted by the Company to the Operator under Article I, subject to the terms and conditions of this Agreement.

Authorisation Period or “Term” shall mean a period commencing from Appointed Date and extending till the Transfer Date;

Authorisation Period means the period specified in Item 4 of the Schedule;

Authorisation Period means the period the alteration to the Road is authorised under Section 221 of the Act as described in the Authorisation Letter (if applicable).