Term of the Concession Sample Clauses

Term of the Concession. 1. The term of the concession granted hereunder shall be 20 years from June 27th , 2002 to June 26th 2022.
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Term of the Concession. The Concession will be an initial term of 30 years, commencing on the date PCT undertakes the operations of the New Container Terminal, which is currently scheduled to take place on 1 October 2009, with a mandatory extension for a term of 5 years subject to PCT’s fulfillment of its obligations to construct the eastern section of the new Pier 3 as provided under the Concession Agreement. The term may also be extended for a corresponding period in the event of interruption of operation of the New Container Terminal not caused by PCT as specified in the Concession Agreement. PPA will also have the right to unilaterally extend the term for a further period of 5 years by giving prior written notice of not later than 24 months prior to the expiry of the initial term. Nevertheless, in any event, the term of the Concession Agreement may not be extended beyond 42 years, being the duration of the concession of the Piraeus Port area obtained by PPA from the Republic of Greece pursuant to a concession contract entered into between the Republic of Greece and PPA dated 13 February 2002 (as amended), under which PPA acquired the exclusive right to use and commercially exploit the Piraeus Port area with power to undertake all measures required for the development thereof.
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Term of the Concession. 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. The term of effectiveness of this AGREEMENT, provided for in sub-clause 7.1, may only be extended maintaining a direct link with the reason that justifies it and verifying, in each case, if the original subject matter of the AGREEMENT was not distorted, and the discretionary extension of the concession shall be prohibited.
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Term of the Concession. In accordance with Article 8.2 of the Framework Agreement and without prejudice to the provisions of Articles 6.1, 11 et seq. of the Concession Agreement, the term of the Concession shall at least be equal to the duration of the Operating Permit for Fort-Dauphin (initial period plus renewals). It is hereby agreed that three (3) years prior to the end of each period of validity of the Operating Permit for Fort-Dauphin, the Concessionaire shall inform the Concession Grantor of QMM's intentions as to whether or not to renew the Operating Permit for Fort-Dauphin. If QMM does not apply for renewal of the Operating Permit for Fort-Dauphin two (2) years prior to expiry thereof, the Concessionaire may submit to the Concession Grantor an investment programme intended to upgrade, improve or extend its facilities and infrastructure in order to improve service under the Concession. If approved by the Concession Grantor, these investments shall be witnessed in a supplemental agreement to the Concession Agreement in order, inter alia, to amend the corresponding Appendices of the Particular Conditions and where applicable to extend the term of the Concession. The duration of such extension shall be at least equal to the ordinary amortisation period for new investments that the Concessionaire undertakes to make; the combined length of the outstanding term as at signature of the supplemental agreement extending the Concession and of the duration of such extension shall not exceed thirty (30) years if the investment programme having given rise to the supplemental agreement provides for construction by the Concessionaire of heavy infrastructure such as jetties, piers, wharves, etc.; and fifteen (15) years otherwise. Such an extension of the Concession by way of a supplemental agreement shall not be granted more than once subject to the opinion of the Consultative Commission of Users and Operators of the Port of Ehoala.
Sample 1
Term of the Concession. 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. The term of effectiveness of this AGREEMENT, provided for in sub-clause 7.1, may be extended for the economic-financial rebalance of this AGREEMENT.
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Term of the Concession. 1. The term of the concession of the concession contract is ten years, starting on 1 January 2023 and ending on 31 December 2032.
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Term of the Concession. This concession for transmission of electric power has a term of 30 (thirty) years, from the signing of this CONTRACT. [Provision applicable only to Lot 11] The present concession for transmission of electric energy has a term of 30 (thirty) years, counted as of September 30, 2018 or the new date eventually established by XXXXX for the commercial start-up of the TL 230 kV Xxx Xxxxx - Fiat Seccionadora, under the responsibility of the free consumer Fiat Automóveis S/A, whose access to the Basic Network of the National Interconnected System - SIN was authorized by XXXXX´s Resolution no. 4820, dated September 20, 2014, considering the dependence of the facilities object of this Contract of those owned by said consumer. ATTORNEY GENERAL´S OFFICE/XXXXX INITIALS Paragraph One - At the sole discretion of the CONCESSION-GRANTING AUTHORITY and to secure the continuity and quality of the public service, the term of the concession may be extended for a maximum of an equal period, in accordance with § 3 of Article 4 of Law No. 9.074, of 1995, upon request of the TRANSMISSION UTILITY. Any extension of the concession period shall be subject to the public interest and the review of the conditions stipulated in this CONTRACT. Paragraph Two - The application for an extension of the concession period must be submitted up to 36 (thirty- six) months before the end of the term of this CONTRACT, accompanied by proof of regularity and compliance with the tax, social security obligations and the commitments and duties undertaken with the bodies of the Public Administration, regarding the provision of public service of electric power, as well as any other responsibilities provided for in the legal and regulatory rules then in force. Paragraph Three - The CONCESSION-GRANTING AUTHORITY will manifest itself on the application for extension of the concession period until the 18th (eighteenth) month prior to the end of the term of the concession. In the analysis and instruction of the application for extension, XXXXX will take into account the information collected during the concession period over the services provided.
Sample 1
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Term of the Concession. The term of the concession is forty-nine years as of the date on which it was originally granted by the ICT in favor of Ecodesarrollo Papagayo, S.
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Term of the Concession. The term of the concession is forty-nine years as of the date on which it was originally granted by the ICT, i.e., January fifteenth, nineteen hundred ninety-three, therefore the term of this concession shall terminate on January fifteen two thousand forty two. Said term will be automatically extended by a forty-nine year period, provided the concessionaire has fulfilled the obligations set forth in this agreement and has complied with the laws and regulations governing the Gulf of Papagayo Tourist Complex. For the payment of said concession extension what is established in clause eleven of the Assignor’s contract will be applied. At the end of the first extension, the term granted may automatically be extended by fifty year periods, provided the concessionaire still meets the requirements, in accordance with the obligations set forth in the concession and in accordance with the laws and regulations governing the Gulf of Papagayo Tourist Complex; if the area and its buildings and facilities are kept in good condition; if they are up to date in meeting legal and contractual obligations, unless the public interest justifies annulling the concession, as provided in article fifteen of the Law Regulating the Tourist Complex. Any additional concession extensions for the said periods of time shall be paid during the previous period, at the rate of three dollars and seventy-five cents U.S. for each square meter of the area granted, for each fifty year period, at a constant US dollar value pegged to the US$ inflation index.
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Related to Term of the Concession

  • Term of the Contract A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • The Concession 3.1.1 Subject to and in accordance with the provisions of this Agreement, Applicable Laws and Applicable Permits, the Authority hereby grants to the Concessionaire the concession set forth herein including the exclusive right, licence and authority to construct, operate and maintain the Project (the “Concession”) during the Construction Period and for a period of 10 (ten) years commencing from COD, and the Concessionaire hereby accepts the Concession and agrees to implement the Project subject to and in accordance with the terms and conditions set forth herein.

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Term of the Company The existence of the Company commenced as of the date that the Certificate of Formation was filed with the Secretary of State of the State of Delaware and shall continue until dissolution thereof in accordance with the provisions of this Agreement.

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • SUB-LETTING This Rental Agreement shall not be assigned nor shall the premises be sub-let without written consent of the Landlord.

  • Term of License The license granted to the Engineer by this article shall terminate at the end of the term specified in Article 2 of this contract.

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