Concession Title definition

Concession Title means the right of the Company for a period of 30 years to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services granted by the Mexican government pursuant to the Concession Title, subject in all cases to the terms and conditions of the Concession Title, as in effect on June 23, 1997.
Concession Title means the Borrower’s right, for a period of 30 years, to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services over the Northeast Rail Lines, granted by the Mexican government pursuant to the Concession Title, subject in all cases to the terms and conditions of the Concession Title, as in effect on June 23, 1997 and as amended on February 12, 2001 and November 22, 2006.
Concession Title means KCSM’s right for a period of 30 years to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services granted by the Mexican government pursuant to the Concession Title, subject in all cases to the terms and conditions of the Concession Title, as in effect on June 23, 1997 and as amended on February 12, 2001, November 22, 2006, December 31, 2013, December 20, 2017 and April 27, 2018.

Examples of Concession Title in a sentence

  • There shall be a revocation, termination, abrogation, appropriation (rescate) or repudiation by any Person of the Concession Title, or abandonment (renuncia) of the Concession Title by any applicable Obligor.

  • The Exhibits and Appendices listed below are an integral part of this Agreement: Exhibit A Ferromex Concession Title Exhibit B Kansas Concession Title Exhibit C Settlement Procedures Exhibit D Kansas’ complaints before the Ministry of Public Service Exhibit E Additional Termination Acts Exhibit F Information to be Delivered to Subject Trackage Owner Exhibit G Complementary Interlineal Matrix Appendix 1 Technical Descriptions Clause Two.

  • The Ministry acknowledges Ferromex’s acknowledgement herein that the settlement in this Agreement or this Exhibit shall not serve as precedent for determining the appropriate procedures for modification of either Party’s Concession Title in the future.

  • Note: In terms of section 2.7(e) of the Agreement, the Parties hereby specifically and conclusively agree that the inclusion of the litigation involving amendment of Ferromex’s Concession Title in this Exhibit shall not be deemed as an acceptance on behalf of Kansas of the procedure adopted by the Federal Government of the UMS and/or by Ferromex to amend the Ferromex Concession Title, nor that such is the appropriate procedure to modify the Ferromex Concession Title in the future.

  • In order to guarantee payment of any unpaid percentage of the initial share to which this condition refers, the Concessionaire shall post the bond that covers the corresponding unpaid amounts before receiving this Concession Title, issued by a qualified bonding company.

  • The Concession Title is hereby amended to eliminate all reference to the obligation to conserve and maintain the Buenavista-Huehuetoca line.

  • Terms appearing with a capital letter shall be understood as so defined in the Concession Title, as said document is defined below.

  • The terms of this Amendment to the Concession Title shall enter into effect the day following its execution.

  • Should the Concessionaire fail to provide the services in the terms and conditions of this Concession Title, the Ministry will take the proper steps.

  • There are no actions, suits or proceedings pending or, to the best knowledge of the Loan Parties, threatened against any Loan Party or affecting the Property of any Loan Party before any court, tribunal or other Governmental Authority: (a) with respect to any Loan Document, (b) which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect or (c) which seeks the revocation or expropriation of the Concession Title.


More Definitions of Concession Title

Concession Title means the Kansas Concession Title and/or the Ferromex Concession Title, as applicable.
Concession Title means KCSM’s right, for a period of 30 years, to be the exclusive provider (subject to certain trackage rights existing as of the Effective Date or arising from time to time thereafter) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services over the Northeast Rail Lines, granted by the Mexican government, subject in all cases to the terms and conditions of such grant, as in effect on June 23, 1997 and as amended on February 12, 2001 and November 22, 2006. Kansas City Southern Credit Agreement
Concession Title means the Borrower's right for a period of 30 years, to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services granted by the Mexican government pursuant to the Concession Title, subject in all cases to the terms and conditions of the Concession Title, as in effect on June 23, 1997, the date on which Grupo TFM acquired 80% of the Capital Stock of the Borrower.
Concession Title means the concession title granted by the Federal Government of Mexico, dated December 2, 1996, as amended on February 12, 2001 and November 22, 2006, pursuant to which the Borrower has the right, for a period of 30 years, to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the northeast rail lines of the Mexican railroad system and for an additional 20 years to be a non‑exclusive provider of such services over such rail lines pursuant to and subject in all cases to the terms and conditions set forth in such concession title.
Concession Title means the right of the Company for a period of 30 years to be the exclusive provider (subject to certain trackage rights) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services granted by the Government pursuant to the Concession, subject in all cases to the terms and conditions of the Concession Title, as in effect on the Acquisition Date.
Concession Title means KCSM’s right, for a period of 30 years, to be the exclusive provider (subject to certain trackage rights existing as of the Effective Date or arising from time to time thereafter) of freight transportation services over the Northeast Rail Lines and for an additional 20 years to be a non-exclusive provider of such services over the Northeast Rail Lines, granted by the Mexican government, subject in all cases to the terms and conditions of such grant, as in effect on June 23, 1997 and as amended on February 12, 2001, November 22, 2006, December 31, 2013, December 20, 2017 and April 27, 2018.

Related to Concession Title

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property, other than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Industrial Property Rights means all of the Company's patents, trademarks, trade names, inventions, copyrights, know-how or trade secrets, formulas and science, now in existence or hereafter developed or acquired by the Company or for its use, relating to any and all products and services which are developed, formulated and/or manufactured by the Company.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Leased Intangible Property means all agreements, service contracts, equipment leases, booking agreements and other arrangements or agreements affecting the ownership, repair, maintenance, management, leasing or operation of the Leased Property, or any portion thereof, to which Landlord is a party; all books, records and files relating to the leasing, maintenance, management or operation of the Leased Property, or any portion thereof, belonging to Landlord; all transferable or assignable permits, certificates of occupancy, operating permits, sign permits, development rights and approvals, certificates, licenses, warranties and guarantees, rights to deposits, trade names, service marks, telephone exchange numbers identified with the Leased Property, and all other transferable intangible property, miscellaneous rights, benefits and privileges of any kind or character belonging to Landlord with respect to the Leased Property.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.

  • Oil and Gas Leases means all leases, subleases, licenses or other occupancy or similar agreements (including any series of related leases with the same lessor) under which a Person leases, subleases or licenses or otherwise acquires or obtains rights to produce Hydrocarbons from real property interests.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).