Examples of Concession in a sentence
Save and except as otherwise expressly provided in this Agreement, in the event that the Project or any part thereof suffers any loss or damage during the Concession Period from any cause whatsoever, the Concessionaire shall, at its cost and expense, rectify and remedy such loss or damage forthwith so that the Project conforms to the provisions of this Agreement.
The draft of the Escrow Agreement is annexed as Schedule B to the Draft Concession Agreement in this tender.
For providing emergency medical aid during the Concession Period, the Concessionaire shall make provision of medical aid post at his own cost and expense (the “Medical Aid Post”) at Project Site.
In the event of expiry of Concession by efflux of time (the Concession having run its full course), the Concessionaire shall hand over/ transfer peaceful possession of the Project Site, all Assets and the Project Facilities and Services to Maha-Metro, free of cost and Encumbrance.
In the event that the Scheduled Completion Date is extended pursuant hereto, the Concession Period shall be deemed to be extended by a period equal in length to the period of extension of the Scheduled Completion Date.