Concession Fee Commencement Date definition

Concession Fee Commencement Date for each location shall mean the 61st day from Gestation Period Commencement Date or the commencement of the business, whichever is earlier, unless extended by the Authority.
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Concession Fee Commencement Date means the 61st day in respect of all tendered sites i.e. at the expiry of the Gestation Period of 60 days, reckoned from the Access date or a later date if notified by Authority. However in the event of concessionaire commencing commercial exploitation of the approved advertisement locations as a sample marketing exercise, the concession fee shall be charged on Pro Rata basis. For any sample marketing during the gestation period the licensee has to obtain prior approval from AAI in writing before such display at approved location. Further during the gestation period if the licensee displays its own name, contact number, email, website etc. to make awareness towards being authorized advertisement agency at the airport as a self-marketing promotion such display during gestation period will not attract any concession fee. However this partial utilization of the Assigned Area during the Gestation Period as Sample Marketing would not shift or affect the formal Concession Fee Commencement date.
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Concession Fee Commencement Date means the 61st day in respect of all tendered sites i.e. at the expiry of the Gestation Period of 60 days, reckoned from the Access date or a later date if notified by Shimla Smart City limited/Municipal Corporation Shimla. However, in the event of concessionaire commencing commercial exploitation of the approved locations as a sample marketing exercise, the concession fee shall be charged on Pro Rata basis.
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Examples of Concession Fee Commencement Date in a sentence

  • The Concession Fee shall commence sixty (60) days after the Agreement Commencement Date,upon the day store opens for business ("Concession Fee Commencement Date").

  • The Terminal Operator shall, no later than the Concession Fee Commencement Date, furnish to TNPA an unconditional bank guarantee in an amount equal to …(quantum of guarantee to be inserted) ) ……months Concession Fee as payable during the first year, excluding VAT thereon (the “Guarantee”) as security for the payment of any and all amounts payable by the Terminal Operator in terms of this Agreement.

  • RFP-RETAIL CALICUT INTERNATIONAL AIRPORT 2.2 The Concession Term2.2.1 The term of the Concession (the “Concession Term”) shall commence on the Concession Fee Commencement Date and shall terminate on the seventh (07th) anniversary of the Concession fee Commencement Date, unless terminated earlier in accordance with the terms and conditions of this Agreement.2.2.2 The Concession Term shall be reckoned from the Concession Fee Commencement Date.

  • The Terminal Operator shall be required, annually within 30 (thirty) days after expiry of the annual anniversary of the Concession Fee Commencement Date, to increase the amount of the Guarantee to such amount as is equal, at the relevant time, to an amount of 3 (three) months Concession Fee, excluding VAT thereon.

  • Unless otherwise agreed to in writing by the Authority, the Authority will begin to collect Concession Fees as provided in Section 4 as of the Concession Fee Commencement Date if Concessionaire has not substantially completed construction and/or is not open for business.

  • The Authority shall not be liable to Concessionaire for any delay in making the Premises available for commencement of construction, except that Concessionaire's time frame for completion of construction and the Concession Fee Commencement Date will be proportionately extended to compensate for any delay in delivery of the Premises by the Authority.

  • In addition, if Concessionaire is not open for business on the Concession Fee Commencement Date, the Authority may, either in lieu of, or at any time after proceeding with Concessionaire's construction as above, terminate this Lease.


More Definitions of Concession Fee Commencement Date

Concession Fee Commencement Date means the 61st day in respect of all tendered sites i.e. at the expiry of the Gestation Period of 60 days, reckoned from the Access date or a later date if notified by Authority. However in the event of concessionaire commencing commercial exploitation of the approved advertisement locations as a sample marketing exercise, the concession fee shall be charged on Pro Rata basis. No claims for discounts / reductions / abatements in Concession Fee shall be admissible for any Location(s) lying unsold, after taking over the possession from Authority.
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Related to Concession Fee Commencement Date

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Billing Commencement Date means the earlier of:

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Commencement Date means the date of this Agreement;

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Concession Fee for a particular month shall mean the higher of the following:

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Recommencement Date As defined in Section 6(d) hereof.

  • Offering Commencement Date means the first day of each Offering Period.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;