Concession Extension definition

Concession Extension means an action by the MTT that (x) extends both of the Concession Agreements through at least April 22, 2021 or (y) replaces both of the Concession Agreements with new Concession Agreements with termination dates on or after April 22, 2021.
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Examples of Concession Extension in a sentence

  • The Concession Extension is not expected to have any material impact on the Group’s net tangible assets per share and earnings per share for the financial year ending 31 December 2024.

  • The Board is of the view that the Concession Extension is in the interest of the Group as it is expected to contribute positively to future earnings of the Group over the extended period.

  • Following receipt by the Indenture Trustee of such Concession Extension Redemption Price, the Noteholders shall be entitled to receive on the selected Redemption Date an amount in U.S. dollars equal to the Concession Extension Redemption Price.

  • If such Concession Extension Redemption Price is made by (or on behalf of) the Company, then the Indenture Trustee will apply such amounts to make such payment to the applicable Beneficiaries; it being understood that such payments to the applicable Beneficiaries might not occur until the Indenture Trustee’s Business Day after the Redemption Date and no additional Interest or other amounts will accrue as a result of any such delay.

  • On or before the New York Business Day before the indicated Redemption Date, the Company shall deliver to the Indenture Trustee the Concession Extension Redemption Price for the full redemption of the Notes.