Concession Period definition

Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

Concession Period means the period of the Concession specified in Article 2.2 of this Agreement.

Concession Period shall have the meaning ascribed to it in under Article 2 of this Agreement.

Examples of Concession Period in a sentence

• The Agreement hereby granted is for a period of 5 (Five) years from the Appointed Date with an option to further extend the Concession Period by 5 (Five) years based on satisfactory performance of concessionaire and by mutual consent of the Parties of this Agreement or until earlier Termination thereof in accordance with the terms of this Agreement (“Concession Period”).

• The Concessionaire shall, from time to time, promptly pay insurance premium, keep the insurance policies in force and valid throughout the Concession Period.

• The Concessionaire shall at its cost and expense, purchase and maintain by due reinstatement or otherwise, during the Concession Period all insurances in respect of the Project Facility in accordance with the Good Industry Practice.

• The Concessionaire shall regularly carry out the necessary preventive maintenance activities for the Project Facilities to ensure adherence to the Project Requirements throughout the Concession Period.

• Un-insurable Risks If during the Concession Period, any risk which has been previously insured becomes un-insurable due to the fact that the insurers have ceased to insure such a risk and therefore insurance cannot be maintained/ re-instated in respect of such risk, the Concessionaireshall not be deemed to be in breach of its obligations regarding insurance under this Agreement.

More Definitions of Concession Period

Concession Period or “Term” of Concession Agreement

Concession Period means the period of the Concession specified in Article 3.2.1.

Concession Period shall have the meaning ascribed thereto in Clause 2.2.

Concession Period or “Term” of the Concession Agreement shall have the meaning ascribed to it in Article 2.7. "Concessionaire Event of Default" shall have the meaning ascribed to it in Article 6.1 (a). “Concessionaire's Proposal to Rectify” shall have the meaning ascribed to it in Article 6.2 (a)(ii). "Concessioning Authority Event of Default" shall have the meaning ascribed to it in Article 6.1(b). "Concessioning Authority Proposal to Rectify" shall have the meaning ascribed to it in Article 6.2 (b)(ii).

Concession Period means, a period of Seven (07) years commencing from the Concession Fee Commencement Date, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Period means the period for which this Concession is granted, commencing from the Appointed Date, as mentioned in the RFP and Concession Agreement hereof.

Concession Period means the period as applicable specified in Clause 2.2.