Concession Agreement definition

Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;
Concession Agreement means an agreement between a highway agency and a concessionaire under which the concessionaire is given the right to op- erate and collect revenues or fees for the use of a federally funded highway in return for compensation to be paid to the highway agency. A concession agreement may include, but not be lim- ited to, obligations concerning the de- velopment, design, construction, main- tenance, operation, level of service, and/or capital improvements to a facil- ity over the term of the agreement. Concession agreement shall not include agreements between government enti- ties, even when compensation is paid, where the primary purpose of the transaction is not commercial in na- ture but for the purpose of determining governmental ownership, control, ju- risdiction, or responsibilities with re- spect to the operation of a federally funded highway. The highway agency’s determination as to whether an agree- ment between government entities constitutes a concession agreement shall be controlling.
Concession Agreement means this Agreement, its Recitals, the Schedules hereto and any amendments thereto made in accordance with the provisions contained in this Agreement;

Examples of Concession Agreement in a sentence

  • In such an event, the Authority shall be entitled to forfeit and appropriate the Bid Security or Performance Security, as the case may be, as Damages, without prejudice to any other right or remedy that may be available to the Authority under the Bidding Documents and/ or the Concession Agreement, or otherwise.

  • We understand that except to the extent as expressly set forth in the Concession Agreement, we shall have no claim, right or title arising out of any documents or information provided to us by the Authority or in respect of any matter arising out of or relating to the Bidding Process including the award of Concession.

  • There shall be a provision to sign the proposed Concession Agreement between the selected Developers and 'Project Owner' instead of Administrative Department.

  • In this regard, the Container Terminal Concession Agreement is under review, the Break Bulk License Agreement has now been laid in this Honourable House and the tender process for a second license has begun.

  • The Authority may, at the Selected Bidder’s option, adjust the amount of Bid Security in the amount of Performance Security to be provided by him in accordance with the provisions of the Concession Agreement.


More Definitions of Concession Agreement

Concession Agreement. “Concession Agreement” shall mean the agreement to be entered into between the Authority and the Selected Bidder (in case of consortium it will be SPV) as per the draft format set out in Appendix-III to this RFP.
Concession Agreement means an agreement entered into between a public agency and a private sector participant for and in respect of a public-private partnership;
Concession Agreement means a contract that authorizes and requires a private entity or individual to promote or sell, for its own business purposes, specified types of goods or services from real property owned or managed by the city of St. Helens, and under which the concessionaire makes payments to the city of St. Helens based, at least in part, on the concessionaire’s revenues or sales. The term “concession agreement” does not include a mere rental agreement, license or lease for the use of premises.
Concession Agreement means the Indiana Toll Road Concession and Lease Agreement, dated as of April 12, 2006, by and between the authority and the concessionaire, providing for, among other things, the lease of the toll road to the concessionaire and for the provision of toll road services by the concessionaire for the term of the concession agreement, together with all amendments thereto.
Concession Agreement means the agreement to be entered into between the Authority and a company incorporated by the Selected Bidder as per the draft format set out in Appendix-II to this RFP.