Assignment or Encumbrance of Concession Contracts | Midpage

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Code of Federal Regulations

Subpart J

Assignment or Encumbrance of Concession Contracts

51.84What special terms must I know to understand this part?51.85What assignments require the approval of the Director?51.86What encumbrances require the approval of the Director?51.87Does the concessioner have an unconditional right to receive the Director's approval of an assignment or encumbrance?51.88What happens if an assignment or encumbrance is completed without the approval of the Director?51.89What happens if there is a default on an encumbrance approved by the Director?51.90How does the concessioner get the Director's approval before making an assignment or encumbrance?51.91What information may the Director require in the application?51.92What are standard proformas?51.93If the transaction includes more that one concession contract, how must required information be provided?51.94What information will the Director consider when deciding to approve a transaction?51.95Does the Director's approval of an assignment or encumbrance include any representations of any nature?51.96May the Director amend or extend a concession contract for the purpose of facilitating a transaction?51.97May the Director open to renegotiation or modify the terms of a concession contract as a condition to the approval of a transaction?