Concession Rights definition
Examples of Concession Rights in a sentence
The terms of the Exclusive Concession Rights Agreement have been arrived at after arm’s length negotiations between the parties.
The Directors consider that the terms of the Exclusive Concession Rights Agreement and the transactions contemplated thereunder are fair and reasonable, on normal commercial terms and in the interests of the Company and its Shareholders as a whole.
The Directors believe that the entering into of the Exclusive Concession Rights Agreement would enable the Group to exert their strengths and grasp market opportunities in metro advertising market in the PRC and create a greater return for the Shareholders.
The Concessionaire shall be liable for and shall pay any stamp duty payable on this Concession Contract, together with any other costs, charges or taxes that may be payable as a result of the granting of the Concession Rights.
On or before the Effective Date, the Concessionaire shall pay to the Developer a once-off Initial Fee amounting to ................................., as payment in lieu of being granted the Concession Rights.