Common use of Additional Concession Fee Clause in Contracts

Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the MOR for each year commencing from [365th day after the COD], a premium (the “Premium”) in the form of an additional Concession Fee equal to {1% (one per cent)}$ of the total User Fee during that year, net of any taxes on User Fee. 26.2.2 The Premium payable under Clause 26.2.1 shall be deemed to be part of the Concession Fee for the purposes of this Agreement.

Appears in 3 contracts

Samples: Construction Contract, Construction Agreement, Construction Agreement

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Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the MOR for each year commencing from [365th day after the COD], a premium (the “Premium”‡ 3 U ) in the form of an additional iHn thPe foLrm oXf anPadd·itional Concession Fee equal to {1% (one per cent)}$ of the total User Fee during that year, net of any taxes on User Fee. 26.2.2 The Premium payable under Clause 26.2.1 shall be deemed to be part of the Concession Fee for the purposes of this Agreement.

Appears in 1 contract

Samples: Construction Agreement

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