Easily Remove Tick to the Concession Agreement

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How to Remove Tick to the Concession Agreement

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What is meant by concession period?

Concession period starts from the signing of the concession agreement between the government and the private sector indicating the span of time within which the private sector is responsible for the construction phase and operation phase in BOT projects.

What does concession mean in purchasing?

We can define a concession as a discount or a benefit that the buyer or seller offers in order to help sell a home or other property and close the deal. The parties usually specify concessions during negotiations and include them in closing costs.

What is an example of a concession agreement?

For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the Chunnel under this agreement.

What does concession mean in payment?

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.

What is a concession agreement in oil and gas?

A grant extended by a government to permit a company to explore for and produce oil, gas or mineral resources within a strictly defined geographic area, typically beneath government-owned lands or lands in which the government owns the rights to produce oil, gas or minerals.

What does concession agreement do?

Concession contracts are used by public authorities to deliver services or construct infrastructure. Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder).

What is the purpose of a concession agreement?

Concession contracts are used by public authorities to deliver services or construct infrastructure. Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder).

What is the meaning of concession period?

Concession period means the period starting on and from the Appointed Date and ending on the Transfer Date.

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Remove Tick to the Concession Agreement