Concession Agreements Sample Clauses

Concession Agreements. The Association is not by this Agreement granted the right to sell items, the sale of which would infringe on a concession contract between the Department and a third party. However, the Association may request of the Department that any concession contract(s) at the park exclude/include specific items currently being distributed by the Association, and, within its sole discretion, the Department will consider including such conditions in existing or pending contracts.

Concession Agreements. Borrower hereby represents and warrants to Lender the following with respect to each of the Concession Agreements: (i) Borrower has heretofore provided Lender with a true and correct copy of the Concession Agreement; (ii) there have not been amendments or modifications to the terms of the Concession Agreements other than pursuant to written instruments, copies of which have been previously provided to Lender; (iii) Mortgage Borrower’s interests in the Concession Agreements are not subject to any Liens or encumbrances superior to, or of equal priority with, the Mortgage; and (iv) as of the date hereof, each of the Concession Agreements is in full force and effect and no default by Mortgage Borrower, or to the best knowledge of Borrower, any other party thereto has occurred under either of the Concession Agreements and there is no existing condition which, but for the passage of time or the giving of notice, could result in a default under the terms of either the Concession Agreements.

Concession Agreements. Borrower shall cause Mortgage Borrower to (a) cause the parking areas to be operated pursuant to the related Concession Agreements; (b) promptly perform and/or observe in all material respects all of the covenants, agreements and obligations required to be performed and observed by Mortgage Borrower under the Concession Agreements and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (c) promptly notify Lender of any default under any Concession Agreements upon becoming aware of the same; (d) to the extent reasonably requested by Lender, promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by Mortgage Borrower under the Concession Agreements; and (e) promptly enforce to the extent commercially reasonable the performance and observance of all of the covenants and agreements required to be performed and/or observed by the Operator under the Concession Agreements.

Concession Agreements. Notwithstanding anything herein to the contrary, all Concession Agreements (as hereinafter defined) permitted in this Section 19.10 shall at all times (a) be pursuant to terms consistent with arms-length transactions with parties who are not Prohibited Persons, (b) be for the purpose of concession sales only, and (c) shall specifically be for Coliseum Uses. Subject to the foregoing requirements and conditions, Tenant shall have the right to grant any and all such licenses, concessions and franchises to any party and to enter into any agreements or contracts with regard to the same (but not sublets except in accordance with the provisions of Section 19.3 of this Lease) (collectively, the "Concession Agreements"), and any and all Concession Agreements shall be subject and subordinate to this Lease, and shall have a term that expires prior to the expiration of the Lease Term. Tenant shall give Landlord a copy of all executed Concession Agreements within twenty (20) calendar days following the execution thereof.

Concession Agreements. Subject to Sections 2.1.2, 2.1.3, 2.1.4, 2.4.2, 2.4.6 and 2.4.7 of this Agreement below and the remaining provisions of this Section, Manager shall negotiate, enter into and administer, as agent on behalf of Owner and for the benefit of the Hotel, any agreement with a concessionaire relating to the management and operation of the Hotel (individually, a “Concession Agreement” and collectively, “Concession Agreements”). Manager shall ensure that all Concession Agreements are expressly assignable to Owner or its designee, unless entered into explicitly by Manager on behalf of Owner. Prior to entering into any such Concession Agreement (or any other similar occupancy agreement), Manager shall submit such Concession Agreement to Owner, who shall obtain an opinion from Bond Counsel to the effect that such Concession Agreement will not adversely affect the Hotel’s exemption from ad valorem taxes, and Manager shall have the right to rely upon such opinion. Upon the termination of this Agreement for any reason whatsoever, Manager shall promptly take all reasonable actions necessary to assign to Owner or its designee all such Concession Agreements; provided, however, that Manager shall not be required to pay any money in connection with the assignment. In addition, Manager shall require that each such agreement include a no personal liability and indemnity clause in favor of Owner.

Concession Agreements. The concession agreements and power purchase agreements described in the Registration Statement, the General Disclosure Package and the Prospectus and entered into between the Company and/or its subsidiaries, on the one hand, and the relevant governmental or regulatory authority or other person, on the other hand (i) have been duly authorized, executed and delivered and constitute valid and legally binding agreements of the Company and/or such subsidiary, as applicable, and none of the Company or any of its subsidiaries has received any notice of termination, revocation or modification with respect to any such concession agreements or power purchase agreements, as the case may be, except for any modification that is described in the Registration Statement, the General Disclosure Package and the Prospectus or any termination, revocation or modification that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; (ii) to the extent such concessions or related projects are under construction, they will comply in all material respects with all applicable laws and regulations and with their respective concession or power purchase agreements, except for any non-compliance that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; and (iii) the financial and operating information included in the Registration Statement, the General Disclosure Package and the Prospectus with respect to such concessions and power purchase agreements has been properly prepared after due and careful enquiry and is accurate in all material respects.

Concession Agreements. The Borrower has heretofore delivered to the Board and the Agent a true and correct schedule identifying the Concessions together with true and correct copies of the agreements effecting the Concessions which have not been amended, supplemented or otherwise modified prior to the date hereof. After giving effect to the Loan and application of the proceeds therefrom, the Concessions are in full force and effect.

Concession Agreements. A concession agreement is entered into between a public- sector entity and the project company (the figure), under which the project company must operate and the types and period of concession are specified. For instance, the concession may state that the firm finances, upgrades, build, maintains, and operates a road for 20-30 years, in a road project, before transferring ownership to the government.7 Additionally, under this contract, the aim of the project is to provide a service rather than product to the public-sector entity or to the public.8The concession agreement contains the detailed obligations and rights of the parties and also creates the right and obligation to build, own and transfer ownership to the host government infrastructure used for the general benefit of the population. Therefore, It should clearly state the rights such as terms and duration of the concession, capacity of extending the concession even if there are changes in the law, termination of the concession, and ability of banks to freely transfer the concession to a third party.9 1Hoffman, loc. cit. 2ibid., p. 210, 211. 3Yescombe, op. cit., p. 71. 4Hoffman, op. cit., p. 211. 5Professor A ▇▇▇▇▇▇,▇▇▇. cit.

Concession Agreements. Borrower shall (a) cause the parking to be operated pursuant to the related Concession Agreements; (b) promptly perform and/or observe in all material respects all of the covenants, agreements and obligations required to be performed and observed by Borrower under the Concession Agreements and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (c) promptly notify Lender of any default under any Concession Agreements upon becoming aware of the same; (d) to the extent reasonably requested by Lender, promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by Borrower under the Concession Agreements; and (e) promptly enforce to the extent commercially reasonable the performance and observance of all of the covenants and agreements required to be performed and/or observed by the Operator under the Concession Agreements.