Additional Annual Concession Fee Sample Clauses

Additional Annual Concession Fee. ‌ 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Concessioning Authority, on the completion of 550th (five hundred and fiftieth) day from the Appointed Date annually, the first years Additional Annual Concession Fee which shall be Rs (As per the Bid of the Selected Bidder). Thereafter, for the remaining Concession Period, the Additional Annual Concession Fee shall be increased, after every year, at the rate of 4% (four percent), over the previous Additional Annual Concession Fee. 26.2.2 The Additional Annual Concession Fee payable under Clause 26.2.1 shall be deemed to be part of the Concession Fee for the purposes of this Agreement. 26.2.3 For Optional Commercial Built-up Area, Additional Annual Concession Fee - Optional Commercial Built- up Area (“AACF Optional Commercial Component”), shall be an amount to be paid in Indian Rupees and calculated by dividing the Additional Annual Concession Fee (bid of Selected Bidder, as per article 26.2.1), by the total obligatory minimum commercial built-up area (in sq. ft.) of 43,000 sq. ft. and multiply with Optional Commercial Built-up Area that may be constructed by the Concessionaire and as certified by the Independent Engineer and /or Concessioning Authority’s Nodal Officer/Project Engineer1. “AACF Optional Commercial Component” = AACF (as per bid Optional of selected bidder) x Commerc ial Built- 43,000 sq. ft. (min. obligation) up Area Thereafter, for the remaining Concession Period, the “AACF Optional Commercial Component” shall be increased, after every year, at the rate of 4% (four percent), over the previous “AACF Optional Commercial Component”. 1 For an example, if the Concessionaire shall plan to construct an Optional Commercial Built-up Area of 50,000 sq. ft. and offers an AACF Rs. 100 Lac, then Concessionaire shall have to pay “AACF Optional Commercial Component”, @ [ Rs. 100,00,000 / 43,000 sq. ft .(min. obligation]. X 50,000 sq. ft. = INR 1,16,27,906.97 (per year) plus applicable escalation, @ 4 % per annum (compounded, based on the actual year of construction completion of additional optional commercial built-up area. The annual escalation shall be calculated from 550th (five hundred & fiftieth) day from the Appointed Date.
Sample 1
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Additional Annual Concession Fee. ‌ 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Concessioning Authority, on the completion of 550th (five hundred and fiftieth) day from the Appointed Date annually, the first years Additional Annual Concession Fee which shall be Rs 26.2.2 The Additional Annual Concession Fee payable under Clause 26.2.1 shall be deemed to be part of the Concession Fee for the purposes of this Agreement.
Sample 1
Additional Annual Concession Fee. ‌ 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Concessioning Authority, on COD ( commercial operation date) of mandatory bus terminal component annually, the first years Additional Annual Concession Fee which shall be Rs (As per the Bid of the Selected Bidder). Thereafter, for the remaining Concession Period, the Additional Annual Concession Fee shall be increased, after every year, at the rate of 4% (four percent), over the previous Additional Annual Concession Fee. 26.2.2 The Additional Annual Concession Fee payable under Clause 26.2.1 shall be deemed to be part of the Concession Fee for the purposes of this Agreement.
Sample 1

Related to Additional Annual Concession Fee

  • Concession Fee In consideration of the grant of Concession, the Concessionaire shall pay to the Authority by way of concession fee (the “Concession Fee”) a sum of Re. 1 (Rupee one) per annum.

  • CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date.

  • Extension Fee If the Borrower exercises its right to extend the Termination Date in accordance with Section 2.12., the Borrower agrees to pay to the Agent for the account of each Lender a fee equal to two-tenths of one percent (0.20%) of the amount of such Lender’s Commitment (whether or not utilized) at the time of such extension. Such fee shall be due and payable in full on the date the Agent receives the Extension Request pursuant to such Section.

  • Licence Fee The Licensee must pay the Licence Fee to the School Council: (a) at the School Council’s address specified in Item 15 of Schedule 1 (or to any other address as the School Council notifies the Licensee by Notice from time to time); and (b) without demand by the School Council at the times and in the manner set out in Item 7 of Schedule 1 (or at such other times or in such other manner as the School Council notifies the Licensee by Notice from time to time).

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

  • Additional Fees The Borrower has agreed to pay to the Administrative Agent and the Arranger additional fees, the amount and dates of payment of which are embodied in the Fee Letter.

  • Modification Fee In consideration of the Lenders amending the Loan Agreement as provided herein, each Borrower jointly and severally agrees to pay to the Agent for the account of each Lender approving this Amendment (which approval is evidenced by its signature below) a modification fee in an amount equal to one-half of one percent (0.50%) of such Lender’s Commitment.

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.

  • Construction Fee A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Property.

  • Rental Fee Is for one day only from 8:00 am to 12:00 midnight. Groups or Individuals requiring more than one day for their event will be charged a rental fee for each day required – no exceptions.

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