Concession Period definition

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

Concession Period means the period of the Concession specified in Article 2.2 of this Agreement.

Concession Period shall have the meaning ascribed to it in under Article 2 of this Agreement.

Examples of Concession Period in a sentence

• During the Concession Period, the Concessionaire shall protect the Site from any and all occupations, encroachments or Encumbrances, and shall not place or create nor permit any Contractor or other person claiming through or under the Concessionaire to place or create any Encumbrance or security interest over all or any part of the Site or the Project Assets, or on any rights of the Concessionaire therein or under this Agreement, save and except as otherwise expressly set forth in this Agreement.

• The Concessionaire shall at all times during the Concession Period maintain and comply with the Applicable Permits.

• The Concessionaire, shall during the subsistence of the Concession Period, comply to the Safety Requirements for the Project and carry out the periodic testing, mock drills, etc of its safety equipment and maintain the validity of its safety clearance as applicable from the respective statutory agencies.

• The Concessioning Authority warrants that the Concessionaire shall, subject to complying with the terms and conditions of this Agreement, remain in occupation of the Project Site and Port’s Assets during the Concession Period.

• Provided that, nothing contained in this clause shall relieve the Concessionaire of its obligations under this Agreement to obtain the Applicable Permits and to keep them in force and effect throughout the Concession Period.

More Definitions of Concession Period

Concession Period or “Term” of Concession Agreement

Concession Period means the period of the Concession specified in Article 3.2.1.

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

Concession Period shall have the meaning ascribed thereto in Clause 2.2.

Concession Period or “Term” of the Concession Agreement shall have the meaning ascribed to it in Article 2.7. "Concessionaire Event of Default" shall have the meaning ascribed to it in Article 6.1 (a). “Concessionaire's Proposal to Rectify” shall have the meaning ascribed to it in Article 6.2 (a)(ii). "Concessioning Authority Event of Default" shall have the meaning ascribed to it in Article 6.1(b). "Concessioning Authority Proposal to Rectify" shall have the meaning ascribed to it in Article 6.2 (b)(ii).

Concession Period means, a period of Seven (07) years commencing from the Concession Fee Commencement Date, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Period means the period for which this Concession is granted, commencing from the Appointed Date, as mentioned in the RFP and Concession Agreement hereof.