System definition
Examples of System in a sentence
The term of this AGREEMENT includes the sum of the period of ASSISTED OPERATION OF THE SYSTEM and the period of 35 (thirty-five) years of OPERATION OF THE SYSTEM, which starts upon the issuance of the CERTIFICATE OF SYSTEM TRANSFER.
And, the third installment, in the amount of 20% (twenty percent) of the FIXED CONCESSION FEE, shall be paid up until last day of the third year of effectiveness of the AGREEMENT, the issuance of the CERTIFICATE OF SYSTEM TRANSFER.
The second installment, in the amount of 15% (fifteen percent) of the FIXED CONCESSION FEE, shall be paid within 2 (two) working days after the issuance of the CERTIFICATE OF SYSTEM TRANSFER.
At least 300 (three hundred) days in advance of the end of the contractual term, the PARTIES and the REGULATORY AGENCY shall prepare a TRANSITION PLAN in order to facilitate the reversal of the REVERSIBLE ASSETS and SYSTEM to the STATE.
For the preparation of executive designs and other studies of the SYSTEM IMPROVEMENT WORKS, the CONCESSIONAIRE shall take into consideration the provisions of the ITB, the data contained in ANNEX IV - CONCESSION TECHNICAL SPECIFICATIONS, as well as the schedule and other information contained in the BUSINESS PROPOSAL.