Granting Power definition

Granting Power means the Federal Government or the Government of the States, Municipalities or their agencies and autarchies, responsible for granting public services of monitoring, recovery, maintenance, conservation, operation, implementation and expansion of highways and bridges, object of the Concession Agreements.
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Examples of Granting Power in a sentence

  • Clause 37.2. This Contract may be altered unilaterally upon supervening legal provision, by virtue of law, or through act of the Granting Power.

  • CCEE: a private legal entity with non-profitable purposes acting under authorization of the Granting Power and regulated and inspected by ▇▇▇▇▇, according to the COMMERCIALIZATION CONVENTION, with the attribution of entering into agreements associated with RESERVE POWER, under the terms of Decree no.

  • The BENEFICIARY authorizes, in this act, in an irrevocable and unchangeable form, the BNDES to receive directly from the Granting Power the indemnification due by the BENEFICIARY, as foreseen in the Concession Contract No. 018/97-DOTC/SFO/MC executed on November 4th, 1997, the amounts sufficient to settle de debts assumed by this Contract.

  • Paragraph One — The PARTIES acknowledge that the supply will be fully subject to the technical determinations from ONS (National Electric-System Operator) and ▇▇▇▇▇, including in case the Granting Power decrees electric power rationing at the SUBMARKET of the supply of CONTRACTED POWER WITH INCENTIVES object hereunder.

  • The BENEFICIARY hereby irrevocably and irreversibly authorizes the BNDES to receive, directly from the Granting Power, the compensation owed to the BENEFICIARY, as provided for in the Concession Agreement, in an amount sufficient for the settlement of the debt assumed in this Agreement.

  • CLAUSE FIFTEEN — If the Granting Power decrees rationing, the contract liabilities will be governed by the legislation in force and the COMMERCIALIZATION RULES.