Service concession definition

Service concession means a public contract whereby the consideration for the provision and the management of services consists either solely in the right to provide or manage the services or in that right together with payment and whereby an operating risk encompassing demand or supply transfers to the concessionaire.
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Service concession means a service concession that KCRC shall grant MergeCo to access and use the Concession Assets to provide the KCRC Services;
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Service concession means a contract of the same type as a service contract except for the fact that the consideration for the provision of services consists either solely in the right to exploit the service or in that right together with payment.
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Examples of Service concession in a sentence

  • Service concession assets (including those provided by the operator, an upgrade to or a major component replacement of an existing asset of the grantor; and existing assets of the grantor – also applicable to previously unrecognised intangible assets except goodwill) are initially measured at current replacement cost based on AASB 13 Fair Value Measurement principles.

  • Using reverse engineering tools, three main files were identified and studied.

  • The Advisory Board shall be comprised of not more than seven individuals appointed from among citizens of the United States not in the employment of the Federal Government and not in the employment of or having an interest in a National Park Service concession.

  • Service concession liabilities are initially measured at the same amount as the service concession asset and subsequently measured using either the 'financial liability' model applying AASB 9 Financial Instruments or, the 'grant of right' model under AASB 1059 Service Concession Arrangements.

  • Service concession arrangementsThe Group recognises a financial asset arising from a service concession arrangement when it has an unconditional contractual right to receive cash or another financial asset from or at the direction of the grantor for the construction or upgrade services provided.

  • Service concession arrangement is a contractual arrangement between a grantor and an operator in which an operator uses the services concession asset to provide a mandated function on behalf of a grantor for a specified period, where the operator is compensated for its services over the period of service concession arrangement.

  • Service concession arrangements (formerly classed as PFI and similar contracts) are agreements to receive services, where the responsibility for making available the property, plant and equipment needed to provide the services passes to the contractor.

  • Service concession arrangements (formerly classed as PFI and similar contracts) are contractual arrangements between the Authority and an operator where responsibility for providing public services, using assets provided either by the operator or the Authority, passes to the operator for a specified period of time.

  • Preparation of the financial aspects of prospectuses for Service concession con- tracts.

  • Service concession arrangements, reported as buildings and improvements,are $202.1 million of original cost and $25.6 million of accumulated depreciation at June 30, 2018.


More Definitions of Service concession

Service concession. (服務經營權) means an arrangement under which the rights of the Corporation to have access to, use or possess certain railways and certain other property for the operation of those railways or the operation of bus services within the North-west Transit Service Area, are granted to the MTR Corporation Limited;
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Service concession means a service concession and licence granted by KCRC to the Company under the Service Concession Agreement;
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Service concession means a contract of the same kind as a service cont- ract, but which involves consideration for the services comprising wholly or in part the right to exploit the service.
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Service concession shall have the same meaning as set out in The Concession Contracts Regulations 2016 Services: the services to be delivered by or on behalf of the Supplier under this agreement, as more particularly described in Schedule 1. Sub-Contract: any contract between the Supplier and a third party pursuant to which the Supplier agrees to source the provision of any of the Services from that third party. Sub-Contractor: the contractors or suppliers that enter into a Sub-Contract with the Supplier. Target KPI: NOT USED. Term: the period of the Initial Term as may be varied by:
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Service concession. (服務經營權) means an arrangement under which the rights of KCRC to have access to, use or possess certain railways, and certain other
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Service concession. (服務經營權) means an arrangement
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Related to Service concession

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession shall not include vending machines.

  • Service Connection means all cables and equipment required to connect the supply mains to the electrical installation of the consumer at the point of supply;

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Water Service Connection means the pipes and fixtures used for the purpose of supplying any premises in the Municipality with water from the Corporation’s water works that is located between the Corporation’s watermain in the street and the street property line abutting the premises so supplied.

  • System with a single service connection means a system which supplies drinking water to consumers via a single service line.

  • Franchise Area means the present legal boundaries of the City as of the Effective Date, and shall also include any additions thereto, by annexation or other legal means as provided in this Agreement.

  • Rural areas means any area within the county located outside the

  • Concessions means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.

  • Agricultural land means land suitable for use in farming.

  • Rural area means any county with a population of fewer than twenty thousand individuals. "Small business concern," as used in this clause, means a concern, including its affiliates, that is

  • School building means any building in which any of the instruction, extracurricular activities, or training provided by a school is conducted, whether or not any instruction, extracurricular activities, or training provided by the school is being conducted in the school building at the time a criminal offense is committed.

  • Leasing means the rental, leasing, or financing under operating leases, finance leases or hire purchase or rental agreements, of property (other than O&G Products and Services), whether real, personal, tangible or intangible.

  • Concessionaire shall have the meaning attributed thereto in the array of Parties hereinabove as set forth in the Recitals;

  • mining area means all those pieces of land containing two hundred and forty‑six (246) square miles or thereabouts situate in what is known to the parties as the “Xxx Xxxxx‑Siberia Nickel Laterite Area” the subject of the mineral claims applications for mineral claims and Temporary Reserves listed in the First Schedule hereto which are generally delineated and respectively coloured green and orange and red in the plan marked “X” signed by or on behalf of the parties for the purpose of identification;

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Tax Service Contract As defined in Section 3.09(a).

  • communal land means land under the jurisdiction of a traditional council determined in terms of section 6 of the Eastern Cape Traditional Leadership and Governance Act, (Act 4 of 2005) and which was at any time vested in -

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Natural area means an area of the rural or non-urban environment which is in an unspoilt natural state or is of high scenic value, and includes, but is not limited to, national parks, game reserves, nature reserves, marine reserves, wilderness areas, areas of extensive agriculture and scenic areas;