Concession Assets definition

Concession Assets means the property, rights and liabilities designated as such pursuant to paragraph 1 of Schedule 17.5 (Designation of Concession Assets) but excluding such property, rights or liabilities as shall, in accordance with the terms of this Agreement, cease to be so designated;

Concession Assets means collectively, the Existing Concession Assets and the New Concession Assets or, if the context is appropriate, any one of them;

Concession Assets means and includes all tangible and intangible assets of the Concession Assets Project Site, the Project Expressway, the Toll Plazas and the Project Facilities and all rights, title, benefits, facilities and easements, whether directly and / or indirectly related thereto, relating to and forming part of the Project including (only to the extent of the Project Expressway, the Project Site and the Project Facilities) but not limited to (a) rights over the Project Site in the form of Licence, right of way or otherwise, (b) tangible assets such as civil works including foundations, embankments, pavements, road surface, interchanges, bridges, approaches to bridges and flyovers, roads over-bridges, drainage works, lighting facilities, traffic signals, sign boards, milestones, equipment relating to regulation of traffic, road furniture, electrical works for lighting on the Project Expressway, toll plazas, toll gates, the Project Facilities and/or the Project Site, telephone and other communication systems and communication equipment for the Project, wayside amenities, administration maintenance facilities, relief centers, equipment, vehicles etc. on the Project Expressway and the Project Facilities, and (c) the Project Facilities situated on the Project Site; Concession Assets Project Site means such part of the Project Site on which the Concession Assets are situated and on which the Concession Assets shall be located in terms of this Agreement; Concession Direct Agreement means the direct agreement that may be entered into between the Concessionaire, the GoS and the Financiers, if required by the Financiers; Concession Period means, in respect of the Concession and the Concession Assets, the period commencing on the Commencement Date (provided, however, that the Concession Period in respect of the Preliminary Works (if any) shall commence on the Effective Date) and ending on the Trigger Date; Concessionaire Authorized Representative shall have the meaning ascribed thereto in Section 7.4.1; Concessionaire Conditions Precedent shall have the meaning ascribed thereto in Section 3.1 (Conditions Precedent); Concessionaire Default Termination Amount shall have the meaning ascribed thereto in Schedule T (Termination Payment);

Examples of Concession Assets in a sentence

• All assets owned by the Concession Holder that do not qualify as Concession Assets and that are at its free disposal.

• Regardless of the value set out for tax purposes or any other end, in this Contract, “book value” refers to the book value of the Concession Assets expressed in dollars (according to the audited Financial Statements prepared in accordance with the standards and principles generally accepted in Peru), the net of depreciations and amortizations accrued at the time of the calculation.

• The Concession Assets whose use is essential for the service provision and allows the provision of power transmission and distribution services by third parties, as set out in the Applicable Laws and Regulations.

• Concession intangible assets comprise Expressway Development Expenditure ("EDE"), Capital Work-In-Progress, Concession rights and Other Concession Assets.

• The Concessionaire shall hold the Grantor harmless with regard to any action or challenge of a legal, administrative, arbitral, or contractual nature, or any claim of any nature with regard to the Concession Assets or the provision of the Service, except in the event that the damages or harm are caused by the Grantor, its personnel, representatives, agents, or the Inspector.

More Definitions of Concession Assets

Concession Assets means the assets of the KCRC System to be used by MergeCo to provide the KCRC Services including the assets of the KCRC Railway, the TSA Buses and the assets of the KCRC Related Businesses;

Concession Assets means collectively the Existing Assets and the New Assets subsequent to the Council making them available to the Concessionaire in terms of this Contract or, if the context is appropriate any one of them;

Concession Assets means all assets of the Port included in the Perimeter and on which a right of concession is granted to the Company under this Agreement and which are described in Annex 1 and 12;

Concession Assets means rail infrastructure and other fixed and move- able equipment, rolling stock and other vehicles used in connection with the movement of railway trains by a person to whom powers of

Concession Assets means the assets of the KCRC System to be used by

Concession Assets means the goods required to operate a public infrastructure development or the provision of a public service, in accordance with the Concession Agreement.

Concession Assets is the Concession Area, including the Works and New Works that the CONCESSIONAIRE carries out within it, as well as the Equipment and Additional Equipment acquired during the Concession’s Term and that are assigned for its Operation by the CONCESSIONAIRE. The Concession Assets shall be returned and/or delivered to the GRANTOR at the end of the Concession.