Concession Operations definition
Examples of Concession Operations in a sentence
Concessionaire shall obtain and, during the term of this Agreement, maintain in full force and effect, for Concession Operations insurance of such type and in such amount as is customary and prudent in accordance with generally accepted practice of the international petroleum industry, and whose coverage terms and conditions shall be communicated to the Minister within thirty (30) days after the Effective Date.
The Government hereby grants Concessionaire the exclusive right to carry out Concession Operations in the Concession Area.
The Concession Operations may be inspected and audited by the Minister at such intervals as the Minister deems necessary.
Concessionaire shall assume all liability, and exempt the Government from any liability, in respect of any and all claims, obligations, losses, expenses (including solicitor’s fees), damages or costs of any nature resulting from the violation of any intellectual property rights of any kind caused by Concessionaire, its Affiliates or contractors as a result of or in relation to the conduct of Concession Operations, regardless of the nature of the violation or of the way in which it may occur.
The representatives of the Minister inspecting and monitoring Concession Operations shall comply with the safety standards of Concessionaire.