Concession Deed definition
Examples of Concession Deed in a sentence
Under each Relevant Deed, the State accepts the risk of Law to the extent that it prevents absolutely (regardless of the application of financial or technical resources) the doing of certain things described in Exhibit P to the Concession Deed.
If pursuant to clause 4.3 or 7.2(e) a matter may be referred for expert determination under this clause 4.6, any dispute or difference arising between the State and the Security Trustee or Agent (as applicable) in relation to that matter shall be resolved in the same manner as disputes or differences referred for expert determination under Article 16 of the Concession Deed are resolved.
Prior to the commencement of negotiations in relation to a matter under clause 2.9 or 2.10 or paragraph 12.8(g), of the Concession Deed, each of them shall give the Agent notice of the commencement of negotiations and a reasonable opportunity for the Agent (or its nominee) to attend those negotiations.
The parties to this Deed agree that if financial accommodation is made available as provided in the penultimate sentence of the definition of "Project Debt" in clause 1.1 of the Concession Deed, references to the Lending Documents will, to the extent necessary having regard to paragraphs (d), (e), (f) or (g) of that definition, include references to the documents evidencing the arrangements made by the Company and the Trustee in respect of that financial accommodation.
Without limiting rights and obligations accrued, this Agreement shall also terminate if the Concession Deed terminates and when the Concession Period expires.
The State may only exercise its right of termination of the Concession Deed because a party to that deed has become aware of an EIS if Completion of all Sections has not, at the relevant time, occurred and the relevant EIS did not result solely from CLEP, the Exhibition Street Extension or both, or any part of CLEP, the Exhibition Street Extension or both.
OpCo acknowledges that it has received a copy of the Concession Deed, the ESEP Deed, the Deed of Charge and the ESEP Deed of Charge.
Similarly, if notice given by the State under paragraph (a) relates to clause 15.3 of the Concession Deed, the Lenders Cure Program shall comprise those of the steps and actions described in the program applicable under that clause of the Concession Deed as remain incomplete at the later of the time of the appointment of Controller referred to in paragraph (c) and the time at which that notice was given.
Data incorporated into the Financial Model and Traffic Model must be consistent with the nature of, and limitations inherent in, the concepts of "Project Debt" and "Equity Return", and the various bases and assumptions required under a Relevant Deed to be adopted in relation to them as outlined, in particular, in clause 5.4 of this Agreement, clause 14.4 of each Relevant Deed, in the definitions of those concepts and in the definition of "Project Securities" in the Concession Deed.
If there has not been a termination of the CityLink Concession Deed or an expiry of the Concession Period (as defined in the CityLink Concession Deed) prior to the expiry of the Term, the Company shall set a Maximum Charge Toll for a WGT/CityLink Trip for a HCV or HPFV and each quarter from and including the quarter in which the Company first becomes entitled to levy tolls under this Agreement.