Loss of Concession definition

Loss of Concession means any or all of the Concession Agreements being terminated, revoked, suspended, cancelled, amended or invalidated, or the relevant concession being bought back, where in each case the relevant Concession Holder receives monetary compensation.
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Loss of Concession means (i) the Sanef Concession Agreement or (ii) the SAPN Concession Agreement being terminated, revoked, suspended, cancelled, amended by the French State or invalidated upon request of, or by, the French State, or the concession being bought back by the French State, where in each case the Sanef Concession Holder or the SAPN Concession Holder receives monetary compensation.
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Loss of Concession means any Concession is terminated or revoked, or any Sponsor ceases for any reason (including its breach of its respective Concession) to be the Person or Persons solely entitled to operate the Existing Airport (in the case of the Existing Sponsor) or the Texcoco Project (in the case of the Texcoco Project Sponsor) in accordance with its applicable Concession; provided, that upon termination of the Existing Airport Concession as a result of the commencement of commercial operations of the Texcoco Project, the events described
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Examples of Loss of Concession in a sentence

  • In case of the occurrence of a Loss of Concession (as defined below), the Issuer may, after having given not less than fifteen (15) nor more than sixty (60) calendar days’ irrevocable notice (which notice shall specify the date fixed for redemption) to the Noteholders in accordance with Condition 14, redeem all, but not some only, of the Notes at par with interest accrued to but excluding, the date fixed for redemption.

  • In addition, if in the case of any particular Tranche of Notes the relevant Final Terms specify that the Notes are redeemable at the Issuer’s option in certain other circumstances (Condition 6(d)(i) (Call Option), (ii) (Residual Maturity Call Option), (iii) (Make-whole Redemption) and Condition 6(l) (Squeeze-Out Option) and Condition 6(m) (Loss of Concession)), the Issuer may choose to redeem the Notes at times when prevailing interest rates may be relatively low.

  • In addition, if in the case of any particular Tranche of Notes the relevant Final Terms specify that the Notes are redeemable at the Issuer’s option in certain other circumstances (Condition 6(d)(i) (Call Option), (ii) (Residual Maturity Call Option), (iii) (Make-whole Redemption) and Condition 6(l) (Squeeze-Out Option) and Condition 6(m) (Loss of Concession), the Issuer may choose to redeem the Notes at times when prevailing interest rates may be relatively low.

  • In case of the occurrence of a Loss of Concession (as defined below), the Issuer may, after having given not less than fifteen (15) nor more than sixty (60) calendar days’ irrevocable notice (which notice shall specify the date fixed for redemption) to the Noteholders in accordance with Condition 14, redeem all, but not some only, of the Notes at par with any interest accrued to but excluding, the date set for redemption.

  • Mandatory Redemption Upon Expropriatory Event or Loss of Concession On the first Quarterly Date occurring after receipt by the Issuer or the Security Trust of any Expropriation Compensation payable to, received by or paid to or for the account of the Issuer or the Security Trust, the Issuer will or will cause the Security Trust Trustee to apply, as the case may be, any Net Cash Proceeds to prepay, ratably, the outstanding amounts under the Issuer’s Senior Secured Debt, including the Indentures.

  • On the first Quarterly Date occurring after any Loss of Concession, the Issuer will prepay, ratably, the outstanding amounts under the Issuer’s Senior Secured Debt, including the Indentures, equal to the amount of any amounts payable to any Sponsor or for the account of such Sponsor arising from such Loss of Concession.

  • In addition, if in the case of any particular Series of Notes the relevant Final Terms specify that the Notes are redeemable at the Issuer’s option in certain other circumstances (Condition 6(d)(i) (Call Option), (ii) (Residual Maturity Call Option), (iii) (Make-whole Redemption) and Condition 6(l) (Squeeze-Out Option) and Condition 6(m) (Loss of Concession), the Issuer may choose to redeem the Notes at times when prevailing interest rates may be relatively low.


More Definitions of Loss of Concession

Loss of Concession means any or all of the Concession Agreements being terminated, revoked, suspended, cancelled, amended or invalidated or the relevant concession being bought back, where in each case the relevant Concession Holder has a right to receive a payment and, until the relevant Concession Holder receives such payment, it continues to collect revenues generated pursuant to the relevant Concession Agreement.
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Related to Loss of Concession

  • Loss of Use means the total and irrecoverable loss of function of an arm, hand, foot, leg or thumb and index finger of the same hand provided such loss of function is continuous for 12 consecutive months and such loss of function is thereafter determined on evidence satisfactory to Chubb Life to be permanent.

  • Area of concern or “AOC” shall mean any area that has had a probable release of a hazardous waste or hazardous constituents and that is determined by the Department to pose a current or potential threat to human health or the environment.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Environmentally preferable products means a product or service that has a lesser or reduced effect on human health and the environment when compared with competing products or services that serve the same purpose. Such products or services may include, but are not limited to, those which contain recycled content, minimize waste, conserve energy or water, and reduce the amount of toxics either disposed of or consumed.

  • Loss of Hand or Foot means complete severance through or above the wrist or ankle joint. (In South Carolina, "Loss of Hand" can also mean the loss of four whole fingers from one hand.)

  • Environmental Infrastructure System means the Environmental Infrastructure Facilities of the Borrower, including the Project, for which the Borrower is receiving the Loan.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Covered Guest All registered guests and all persons booked to share the same unit of accommodations, and have paid the required plan cost. • "Stay": The stay at an iTrip unit, from the date of a Covered Guest's check-in to the date of check-out.

  • Loss of an Eye, means total and irrevocable loss of sight in that eye.

  • Natural channel design concepts means the utilization of engineering analysis and fluvial geomorphic processes to create, rehabilitate, restore, or stabilize an open conveyance system for the purpose of creating or recreating a stream that conveys its bankfull storm event within its banks and allows larger flows to access its bankfull bench and its floodplain.

  • Covered Environmental Losses means all environmental losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, costs and expenses of any Environmental Activity, court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, by reason of or arising out of:

  • Environmental Approval means any consent, authorisation, licence or approval of any governmental or public body or authorities or courts applicable to any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from such Relevant Ship required under any Environmental Law;

  • Company IP Contract means any Contract to which the Company is a party or by which the Company is bound, that contains any assignment or license of, or covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Company IP or any Intellectual Property developed by, with, or for the Company.

  • Areas susceptible to mass movement means those areas of influence, characterized as having an active or substantial possibility of mass movement, where the movement of earth material at, beneath, or adjacent to the landfill unit, because of natural or human-induced events, results in the downslope transport of soil and rock material by means of gravitational influence. Areas of mass movement include landslides, avalanches, debris slides and flows, soil fluction, block sliding, and rock falls.