Concession Year definition

Concession Year means each successive twelve (12) month period during the Concession Term hereof.

Concession Year means each successive twelve months period during the concession term.

Concession Year means each successive twelve months period during the Concession Term starting from Concession Term Commencement Date.

Examples of Concession Year in a sentence

• Such value shall be deducted from the O&M Quote of the respective Concession Year.

• Name of Bidder and Details: Concession YearMinimum Revenue share percentage not less than 13% of Net Sales## In figuresIn wordsComplete Concession Termxxxxxx ## The Minimum Annual Guarantee (MAG) in Concession Year 1 shall be no less than USD 3.6 Million (“Reserve Minimum Annual Guarantee”) Note: The Minimum Annual Guarantee (MAG) in a subsequent Concession Yearshall be 110% (one hundred and ten percent) of the Concession Fee in theimmediately preceding Concession Year.

• For the purposes of evaluation of the Financial Bids and deciding the Selected Bidder, the financial quote offered to the Authority in the first Concession Year shall be the sole parameter for identification of the Highest Bidder.

• The prorated Yearwise Composite % so calculated shall be added to the Cumulative Composite % of the preceding Concession Year for arriving at the interim Cumulative Composite %.

• For the purposes of evaluation of the Financial Bids and deciding the Selected Bidder, the financial quote offered to the Authority in the first Concession Year shall be the sole parameter for identification of the Highest Bidder.2.3. Change in Composition of the Consortium2.3.1. Change in the composition of a Consortium will not be permitted by the Authority until the third anniversary of the Commencement Date of Concession Term.

More Definitions of Concession Year

Concession Year means (i) if the Closing Date occurs on the first day of a calendar month, the 12-month period beginning on the Closing Date or (ii) if the Closing Date does not occur on the first day of a calendar month, the period from the Closing Date through the end of the calendar month in which the Closing Date occurred and the next succeeding 12-month period and, in either case of clause (i) or (ii), each succeeding 12-month period and in any case ending on the End Date.

Concession Year means any given year, forming part of the Concession Period, commencing on the date and month of the Appointed Date and ending on a day prior to the said date and month of the each Subsequent Year. For example in the event the Appointed Date is December 30, 2016, the first Concession Year shall end on December 29, 2017.

Concession Year means in respect of the first Concession Year the period commencing from the Compliance Date and ending on the day falling at the end of one year from the Compliance Date and subsequently each one year period thereafter provided that the final Concession Year shall end on the Transfer Date;

Concession Year means each successive twelve (12) month period during the Concession

Concession Year means a period of twelve (12) consecutive months according to the Gregorian calendar starting on the Effective Date of this Agreement or on any anniversary of said Effective Date.

Concession Year means the period commencing on the effective date of the Metramac Concession Agreement and ending on 31 December 1992 and thereafter each period of one year ending on 31 December but so that the final Concession Year shall end on the Termination Date (i.e. the date of expiry or, if earlier, the date of termination of the Concession).

Concession Year means in respect of the first Concession Year, the period commencing on the Concession Commencement Date and ending on 31 December next following and, in respect of each subsequent Concession Year, the period of twelve (12) months commencing on the expiry of the preceding Concession Year (1 January) and ending on 31 December next following or, if earlier, at the expiry of the Concession Period;