Examples of Competing Facility in a sentence
The Developer shall have no rights (including specifically any rights of pre-emption) with respect to any such Competing Facility, nor shall the Developer be permitted any alternation, variation, or modification of the Agreement (including specifically the extent of Consideration or the Term) consequent to any such development of a Competing Facility by the Railway (and/ or its nominee/ representative).
In the eventuality that a Competing Facility is constructed within a distance of a 100 (one hundred) km radius of the MMLP in violation of the conditions specified above, the Concessionaire can request written communication from the Authority stating breach of this clause to seek redressal i.e. extension of the Concession Period by the Authority.
Upon commissioning of the Competing Facility, the Concessionaire shall continue to collect the Fee, and shall not offer any discounts or reductions in such Fee except with the prior written consent of the Authority; provided that the Concessionaire may continue, in the same form and manner, any discounts or reductions that it had offered to any general or special class of Users for a continuous period of three years prior to the opening of the Competing Facility to traffic.
The Authority agrees and undertakes to procure that the fee to be levied and collected from any person using the Competing Facility during the subsistence of this Concession shall at no time be less than 25% (twenty five per cent) higher than the Fee levied and collected from similar Users using the XXX Ropeway.
For the avoidance of doubt, the Average Daily Fee for the purposes of this Clause shall be the amount so determined in respect of the Accounting Year or period, as the case may be, occurring prior to such opening or operation of the Competing Facility.