Competing Road definition

Competing Road means a road connecting the two end points of the Project Highway and serving as an alternative route thereof, such road being an existing paved road, which has been widened by more than 2 (two) metres of paved road for at least 75% (seventy five per cent) of the total length thereof at any time after the date of this Agreement, or a new road , which is constructed after such date, as the case may be, but does not include any road connecting the aforesaid two points if the length of such road exceeds the length of the Project Highway by 20% (twenty per cent) thereof;
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Competing Road means either an existing paved road built by or on behalf of the Authority or any other Government Instrumentality, which is two-laned with paved shoulder or of higher configuration/dimension, and has atleast 75% (seventy five percent) of the total length within 15 (fifteen) kms of Project highway and which has been widened by more than 2 (two) metres of paved road for at least 75% (seventy five percent) of the total length thereof at any time after the date of this Agreement, or a new road built by or on behalf of the Authority or any other Government Instrumentality, which is two-laned paved shoulder or of higher configuration/dimension, and has atleast 75% (seventy five percent) of the total length within 15 (fifteen) kms of Project highway and which is constructed after the date of this Agreement, as the case may be;
Sample 1
Competing Road. 3 means either an existing paved road built by or on behalf of the Contracting Authority or any other Government Authority, which is two-laned with paved shoulder or of higher configuration/dimension, and has at least 75% (seventy five per cent) of the total length within 15 kms of Project Highway and which has been widened by more than 2 (two) metres of paved road for at least 75% (seventy five percent) of the total length thereof at any time after the date of this Agreement, or a new road built by or on behalf of the Contracting Authority or any other Government Authority, which is two-laned paved shoulder or of higher configuration/dimension, and has at least 75% (seventy five per cent) of the total length within 15 kms of Project Highway and which is constructed after the date of this Agreement, as the case may be.
Sample 1

Examples of Competing Road in a sentence

  • Compensation by the Authority in the event that the Additional Toll way or Competing Road is opened in breach of this Agreement.

  • The Authority shall procure that during the subsistence of this Agreement, neither the Authority nor any Government Instrumentality shall construct or cause to be constructed any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Highway in any three consecutive years exceeds 90% (ninety per cent) of its designed capacity as stipulated in the Specifications and Standards.

  • The Projected Fee hereunder shall be an amount equal to the Average Daily Fee, increased at the close of every month by 0.5% (zero point five per cent) thereof and revised in accordance with Clause 27.2. 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 an Additional Tollway or a Competing Road, as the case may be.

  • The Metropolitan Commissioner, MMRDA indicated that MMRDA proposes to modify in clause 35.4.1 “average traffic on the Project Highway in any month shall have reached a level of 120% ofDesigned Capacity” in place of “equivalent to Designed capacity” for making compensation by the Authority in the event that the Additional Tollway or Competing Road is opened in breach of this Agreement.

  • Restriction on construction of Additional Tollway or Competing Road - Deleted Modification in the Concession Period It is expressly agreed that in cases when toll collection is impacted by Additional Tollway or Competing Road, the Concessionaire shall be compensated in accordance with Article 24.

  • It is expressly agreed that in cases when toll collection is impacted by Competing Road, the Concessionaire shall be compensated in accordance with Article 24.

  • The Projected Fee hereunder shall be an amount equal to the Average Daily Fee, increased at the close of every month by 0.5% (zero point five percent) thereof and revised in accordance with Clause 27.2. For the avoidance of doubt, the Average Daily Fee for the purpose 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 an Additional Toll way or a Competing Road as the case may be.

  • The Government shall procure that during the subsistence of this Agreement, neither the Government nor any Government I nstrumentality shall construct or cause to be constructed any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Highway in any year exceeds 90% (ninety per cent) of its designed capacity as stipulated in the Specifications and Standards.

  • Subject to the provisions of Clause 35.6, in the event that an Additional Tollway or a Competing Road, as the case may be, is opened to traffic in breach of this Agreement, the Authority shall pay to the Concessionaire, for each day of breach, compensation in a sum equal to the difference between the average daily Realisable Fee and the projected daily Fee (the “Projected Fee”) until the breach is cured.

  • The Authority shall procure that during the subsistence of this Agreement, neither the Authority nor any Government Instrumentality shall construct or cause to be constructed any Competing Road; provided that the restriction herein shall not apply if the average traffic on the Project Road in any three consecutive years exceeds 90% (ninety per cent) of its designed capacity as stipulated in the Specifications and Standards.

Related to Competing Road

  • Competing Services means to provide, manage, supervise, or consult about (whether as an employee, owner, partner, stockholder, investor, joint venturer, lender, director, manager, officer, employee, consultant, independent contractor, representative or agent, or otherwise) any services that are similar in purpose or function to services you provided to the Company in the two year period preceding the termination of your employment, that might involve the use or disclosure of Confidential Information, or that would involve business opportunities related to Relevant Products.

  • Competing Proposal means a proposal, offer or invitation to the Company, any Party or any of a Party’s Affiliates (other than the Proposal), that involves the acquisition of Control of the Target, a sale of all or a substantial part of the assets of the Target, a restructuring or recapitalization of the Target, or some other transaction that would adversely affect, prevent or materially reduce the likelihood of the consummation of the Transaction with the Parties.

  • Competing Business means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

  • Competing Activity means the providing of services or performance of activities for a Competitive Enterprise in a line of business that is similar to any line of business to which the Executive provided services to the Firm in a capacity that is similar to the capacity in which the Executive acted for the Firm while employed by the Firm, and (ii) “Competitive Enterprise” shall mean a business (or business unit) that (A) engages in any activity or (B) owns or controls a significant interest in any entity that engages in any activity, that in either case, competes anywhere with any activity in which the Firm is engaged up to and including the Executive’s Date of Termination. Further, notwithstanding anything in this Section 5, the Executive shall not be considered to be in violation of this Section 5 solely by reason of owning, directly or indirectly, any stock or other securities of a Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in any such Competitive Enterprise) if the Executive’s interest does not exceed 5% of the outstanding capital stock of such Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in such Competitive Enterprise).

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Competing Activities means the same or similar services as Xxxxxx Xxx Ltd is providing to the Restaurant under this Agreement or other activities having a similar purpose.

  • Competing Enterprise means any person or any business organization of whatever form, engaged directly or indirectly within the Area in the Business of the Company.

  • Competing Product means [***].

  • Compete means to provide Competitive Services, whether Employee is acting on behalf of himself/herself, or in conjunction with or in concert with any other entity, person, or business, including activities performed while working for or on behalf of a Customer.

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)

  • Competitive Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • Competing Entity means any entity or person that is engaged, directly or indirectly, in a Competitive Business.

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • Restricted Territory means the United States of America.

  • Competing Organization means any person or organization engaged in, or with definitive plans to become engaged in, research or development, production, distribution, marketing or selling of a Competing Product.

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Competitive Products shall include any product or service that directly or indirectly competes with, is substantially similar to, or serves as a reasonable substitute for, any product or service in research, development or design, or manufactured, produced, sold or distributed by the Company;

  • Competing Permitted Bid means a Take-over Bid that:

  • Competing Transaction has the meaning set forth in Section 6.1(n).

  • Competitive Business Activity means:

  • Competitive Product means a product or service, made or provided by a Competitor, which is the same as or is directly competitive with one with respect to which the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Company.

  • Competitive contracting means the method described in sections 45 through 49 of P.L.1999, c.440 (C.18A:18A-4.1 through C.18A:18A-4.5) of contracting for specialized goods and services in which formal proposals are solicited from vendors; formal proposals are evaluated by the purchasing agent or counsel or School Business Administrator; and the Board awards a contract to a vendor or vendors from among the formal proposals received.

  • Restricted Territories means: (i) Cuba, Sudan, Iran, North Korea, Syria and the territory of Crimea / Sevastopol; and (ii) any other country or territory that is subject to sanctions by the United Kingdom, the European Union, the U.S, United Nations or elsewhere.

  • Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.

  • Protected Territory means the United States of America.

  • Competitive integrated employment means work (including self-employment) that is performed on a full-time or part-time basis: