Service concession definition

Service concession means a public contract whereby the consideration for the provision and the management of services consists either solely in the right to provide or manage the services or in that right together with payment and whereby an operating risk encompassing demand or supply transfers to the concessionaire.

Service concession means a service concession that KCRC shall grant MergeCo to access and use the Concession Assets to provide the KCRC Services;

Service concession means a contract of the same type as a public service contract except for the fact that the consideration for the provision of services consists either in the sole right to exploit the service or in that right together with payment.

Examples of Service concession in a sentence

• The unique nature of a National Park Service concession blends commercial enterprise with the treasured historic, cultural, and, natural assets that the Director is responsible for protecting.

• Service concession assets (including those provided by the operator, an upgrade to or a major component replacement of an existing asset of the grantor; and existing assets of the grantor – also applicable to previously unrecognised intangible assets except goodwill) are initially measured at current replacement cost based on AASB 13 Fair Value Measurement principles.

• The agenda is decided upon in close interaction with the Prime Minister.The character of the agendas has changed.

• The Advisory Board shall be comprised of not more than seven individuals appointed from among citizens of the United States not in the employment of the Federal Government and not in the employment of or having an interest in a National Park Service concession.

• Service concession arrangementsThe Group recognises a financial asset arising from a service concession arrangement when it has an unconditional contractual right to receive cash or another financial asset from or at the direction of the grantor for the construction or upgrade services provided.

More Definitions of Service concession

Service concession. (服務經營權) means an arrangement under which the rights of the Corporation to have access to, use or possess certain railways and certain other property for the operation of those railways or the operation of bus services within the North-west Transit Service Area, are granted to the MTR Corporation Limited;

Service concession means the service concession and licence granted by KCRC to theCompany under the Service Concession Agreement;

Service concession means a contract of monetary interest entered into in writing by which one or more contracting authorities entrust the provision and administration of services to one or more economic operators, the remuneration of which consists in the right to use the services to which they are subject of the contract, or in that right along with the payment;

Service concession. (服務經營權) means an arrangement under which the rights of KCRC to have access to, use or possess certain railways, and certain other

Service concession. (服務經營權) means an arrangement

Service concession means a contract of the same kind as a service cont- ract, but which involves consideration for the services comprising wholly or in part the right to exploit the service.

Service concession shall have the same meaning as set out in The Concession Contracts Regulations 2016 Services: the services to be delivered by or on behalf of the Supplier under this agreement, as more particularly described in Schedule 1. Sub-Contract: any contract between the Supplier and a third party pursuant to which the Supplier agrees to source the provision of any of the Services from that third party. Sub-Contractor: the contractors or suppliers that enter into a Sub-Contract with the Supplier. Target KPI: NOT USED. Term: the period of the Initial Term as may be varied by: