Common use of Annual Concession Fee Clause in Contracts

Annual Concession Fee. 26.3.1 Without prejudice to the provisions of Clause 26.1 and Clause 26.2, the Concessionaire agrees to pay to the Authority an amount of Rupees [***] to be calculated at the rate of 2% (two per cent) of the prevailing circle rates as on the [30] (thirty) days prior to the Effective Date, as consideration for the Commercial Complex (“Annual Concession Fee”).

Annual Concession Fee. 26.3.1 Without prejudice to the provisions of Clause 26.1 and Clause 26.2, the Concessionaire agrees to pay to the Authority an amount of Rupees [***] to be calculated at the rate of 2% (two per cent) of the prevailing circle rates as on the [30] (thirty) days prior to the Effective Date, as consideration for the Commercial Complex (“Annual Concession Fee”).