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 Term shall be reckoned from the Concession Fee Commencement Date as already defined in the RFP.

  • The Concessionaire however would be permitted sample marketing during this Gestation Period and would be liable to pay the proportionate Concession Fee for the actual Concessioned Premises area put to use without having any effect on the Concession Fee Commencement Date.

  • Concession Fee Commencement Date for each location shall mean the date on which the Gestation Period of that location has expired i.e. the 61st day from the Access Date of such location or commencement of business on that location whichever is earlier, unless extended in writing by the Authority.

  • The Parties undertake that, subject to the provisions of Clause 6.2 above, they shall collectively hold one hundred percent (100%) of the subscribed and paid up equity share capital of the SPV at all times until the third anniversary of the Concession Fee Commencement Date of the Concession.

  • The guarantee/credit enhancement by IIFCL for the project bonds should not exceed 40% of the total project cost and 50 per cent of the aggregate bonds issued.

  • RFP-F&BPage 76 of 170 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.

  • Carbon stock (t ha-1) dataset for the ASB benchmark sitesAppendix 2.

  • 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.

  • Trial Chamber, Second Severance Decision, para 161, where the Trial Chamber, for the first time, acknowledged that the limited availability of financial resources to fund reparations and the likelihood that future trials may be prevented by the death or unfitness of the Accused “may deprive many Civil Parties of their right to an effective remedy for the harm they have suffered”.


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 has the meaning specified in Section 3.2 of the Master Lease.

  • 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.

  • 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;

  • 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;

  • Commencement Date means the date of this Agreement;

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • 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.

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

  • 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;

  • 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;