Concession Term definition

Concession Term means, in respect of Airport Premises/Terminal, a period as specified in relevant clause of this manual, commencing on the Rent Commencement Date, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Term means, a period of Five (05) years, commencing on the Rent Commencement Date, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Term means, a period of Seven (07) years commencing from the Concession Fee Commencement Date, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Examples of Concession Term in a sentence

• Notwithstanding anything contained in this agreement, Parties agree that during the Concession Term, in the event the Authority opts to transfer its rights such as operation, maintenance, development etc.

• This Agreement shall be effective from the date hereof and shall continue in full force and effect until the end of Concession Term of the Concession is achieved under and in accordance with the Concession Agreement, in case the Concession is awarded to the Consortium.

• This Agreement shall be effective from the date hereof and shall continue in full force and effect until the end of Concession Term of the Concession is achieved under and in accordance with the Concession Agreement or is otherwise terminated, in case the Concession is awarded to the Consortium.

• The allotment of such additional location (s) would however cease on or before the Concession Term expiry date.

• Such a venture must be offered to the Existing Advertising Rights Concessionaire on first right of refusal basis for the balance period of the Concession Term.

More Definitions of Concession Term

Concession Term means, a period of Three (03) years, commencing on the License Commencement Date for the locations handed over at the first instance, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Term means, a period of 10 (ten) years from the execution of the Concession Agreement by the Concessionaire at the Airports, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Term means the period commencing on the Start Date and ending on the Expiry Date;

Concession Term means, a period of seven (07) years commencing from the 60th day of actual or deemed date of handing over, whichever is earlier, of at-least 50% of tendered area, unless terminated earlier in accordance with the terms and conditions of the Concession Agreement.

Concession Term means the period commencing on the Start Date and ending on the Expiry Date; Concession Year means any period of 12 months during the Concession Period, beginning on 1 April and ending on 31 March, except that the first and last Concession Years may be for a period of less than 12 months and the first Concession Year shall begin on the Start Date and the last Concession Year shall end on the last day of the Concession Period and, where appropriate, shall include any extension pursuant to paragraph 1.4 of Schedule 19 (Continuation of Crossrail Concession), upon notice of which pursuant to that paragraph 1.4, the parties shall allocate the Reporting Periods that are the subject of that extension to, as appropriate, the last Concession Year scheduled to occur before the extension and the next Concession Year;

Concession Term means from October 1, 2012 herein referred to as “The Lease Term” terminating at 12:00 midnight on September 30, 2014, subject to earlier termination pursuant to the terms and conditions of the Concession Agreement.

Concession Term as defined in clause 3.7;