Concession Period definition

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

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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

• The Performance Security shall remain in force and effect throughout the period of Concession Agreement and shall be released within 3 (three) months after the expiry of Concession Period, provided, however, that the Performance Security shall not be released and shall be kept alive by the Concessionaire if the Concessionaire is in breach of this Agreement.

• It is expressly agreed that trees on the Site are property of the Authority except that the Concessionaire shall be entitled to exercise usufructuary rights thereon during the Concession Period.

• Signing of the memorandum, in 2 (two) counterparts (each of which shall constitute an original), by the authorized representatives of the Parties shall, subject to the provisions of Clause 10.2.(b), be deemed to constitute a valid lease and Right of Way to the Concessionaire for free and unrestricted use and development of the vacant and unencumbered Site during the Concession Period under and in accordance with the provisions of this Agreement and for no other purpose whatsoever.

• The Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority as a consequence of any act or omission of the Concessionaire during the Concession Period.

• The Concessionaire shall maintain the Performance Security in full force and effect until the expiry of the Concession Period.

More Definitions of Concession Period

Concession Period means the period as applicable specified in Clause 2.2.

Concession Period means the period of the Concession specified in Article 3.2.

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

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.

Concession Period means the Implementation Period and a period of fifteen

Concession Period shall have the meaning specified in Section 2.2;