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The concession provides for the creation of a statutory toll regulator, but many questions are referred to an expert. If the regulator does not grant an increase in tolls to the capped toll level, as indexed under the concession, grantor must pay a residual balance. This may limit the circumstances under which the contract would be applicable in its current form, but there are other conditions that indicate that the agreement should not be renewed without amendment. Concessions for the development of modernizations of the existing Phase 2 road system (also in two parts) will be the subject of a separate concession agreement. In some legal systems, this approach could lead to procurement issues, as Phase 2 is more of an agreement to be agreed upon. (b) concession of the right and obligation to plan, finance, maintain and maintain the development of existing roads in three phases: see observations above on the use of experts and on the practical modification of the road corridor. Also consider protecting franchisees or tenants of gas stations or services in the event of early termination. While the concession includes development rights to gas stations and rest areas, the Grantor may also have issued the land adjacent to the toll road. Developer developments must be returned at the end or end of the concession, without charges that could create difficulties for tenants or franchisees of gas or service areas/ (e) land that must be leased or sublet by Grantor to Den The Developer (d).
Followed by warnings and, finally, termination. (g) a series of conditions that precede and follow each of the phases that could lead to the termination of the concession. (f) redacted terms, so that important business details are omitted. (t) Developer Grantor`s non-compliance with obligations may designate short-term contractors to meet the obligations. (q) Unforeseen conditions Development risk, with the exception of pre-existing soil conditions. w) dividend restrictions until the end of Phase 1, point b) (no more than 8% IRR) and, subsequently, increased revenue by reference to IRR. s) the manual investigation carried out 3 years before the expiry of the concession obligation and return by hand to be issued. (r) The construction contract must be in agreed form.
No changes to the operator or contractor without notice and in accordance with the quality control information of the operator`s and contractor`s subcontractors made available to Grantor. v) In the event of termination for a reason other than that of the shareholders, the granting of loans is refunded. If the termination is made by Extended Force Majeure (duration of nine months or more), 50% of the equity is repaid. Instead of having an independent engineer, an expert is widely used.