Common use of Annual Concession Fee Clause in Contracts

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Authority or its Nominee / Designated Recipient an Annual Concession Fee (amount quoted by the Bidder in its Financial Proposal)( exclusive of applicable Taxes to be paid extra). The Annual Concession Fee shall be increased every year at the rate, which shall be linked to CPI of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx, over the previous year’s Annual Concession Fee. b. The First Annual Concession Fee shall be due on completion of one year from the signing of Concession Agreement and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding date in the subsequent years. c. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee / Designated Recipient every year at the Concessioning Authority’s or its Nominee’s / Designated Recipient’s bank account at a scheduled bank (to be intimated later on) payable at Anandpur Sahib. d. In the event of delay up to four weeks in payment by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee / Designated Recipient interest at the rate of SBI Prime Lending Rate plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as Concessionaire Event of Default.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Concessio ning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert ] (amount quoted by the Bidder Rupees [ insert in its Financial Proposalwords ] only)( exclusive of applicable Taxes to be paid extra). . b. The Annual Concession Fee shall be increased increased, after every year 3 years, at the rate, which shall be linked to CPI rate of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx10% (ten percent), over the previous year’s Annual Concession C oncession Fee. b. c. The First first Annual Concession Fee shall be due on and payable from the date of completion of one year 42nd month, starting from the signing of Concession Agreement Appoint ed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. For Illustration , if the date of completion of 42nd month, from the Appointed Date, is 15th April, the Concessionaire shall have to deposit the Annual Concession Fee on or before 8th of April every year during the Concession Period. c. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year designated recipient at the Concessioning Authority’s or its Nomineenominee’s / Designated Recipientdesignated recipient’s bank account at a scheduled bank (to be intimated later on) payable at Anandpur SahibRaipur. d. e. In the event of delay up to four weeks one week in payment by the ConcessionaireConcessionaire , the Concessionaire shall be required to pay the Concessioning Authority or its Nominee nominee / Designated Recipient designated r ecipient interest at the rate of SBI Prime Lending Rate PLR plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as a Concessionaire Event of Default. f. The Concessionaire shall pay service tax and / or any other tax as applicable over and above the Concession Fee to Concessioning Authority . However, all duties and taxes in consequence of its obligations under this Concession Agreement, including customs and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert] (amount quoted by the Bidder Rupees [insert in its Financial Proposalwords] only)( exclusive of applicable Taxes to be paid extra). . b. The Annual Concession Fee shall be increased increased, by 5% (five percent) every year at the rate, which shall be linked to CPI of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx, over the previous year’s preceding year Annual Concession Fee. b. c. The First first Annual Concession Fee shall be due on completion of one year and payable from the signing of Concession Agreement Schedule Completion Date i,e. 61st month, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. c. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year at designated recipient in the Concessioning Authority’s or its Nominee’s / Designated Recipient’s bank account at a scheduled bank (to be intimated later on) form of demand Draft payable at Anandpur SahibRaipur/Naya Raipur. d. e. In the event of delay up to four weeks one week in payment by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient interest at the rate of SBI Prime Lending Rate PLR plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as a Concessionaire Event of Default. f. The Concessionaire shall pay service tax and / or any other tax as applicable over and above the Concession Fee to Concessioning Authority. However, all duties and taxes in consequence of its obligations under this Concession Agreement, including customs and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs. g. As an incentive for early completion of the project, no concession fees shall be payable by the concessionaire till five years from the appointed date. For avoidance of doubt, the concession fees shall be payable by the concessionaire from the beginning of sixth year from the appointed date irrespective of the fact that the project is completed or not completed within five years from the appointed date.

Annual Concession Fee. a. a) In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert] (amount quoted by the Bidder Rupees [insert in its Financial Proposalwords] only)( exclusive of applicable Taxes to be paid extra). . b) The Annual Concession Fee shall be increased increased, by 5% (five percent) every year at the rate, which shall be linked to CPI of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xxyear, over the previous year’s preceding year Annual Concession Fee. b. c) The First first Annual Concession Fee shall be due on completion of one year and payable from the signing of Concession Agreement Schedule Completion Date i,e. 43rd month, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. c. d) The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year at designated recipient in the Concessioning Authority’s or its Nominee’s / Designated Recipient’s bank account at a scheduled bank (to be intimated later on) form of demand Draft payable at Anandpur SahibRaipur/Naya Raipur. d. e) In the event of delay up to four weeks one week in payment by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient interest at the rate of SBI Prime Lending Rate PLR plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as a Concessionaire Event of Default. f) The Concessionaire shall pay service tax and / or any other tax as applicable over and above the Concession Fee to Concessioning Authority. However, all duties and taxes in consequence of its obligations under this Concession Agreement, including customs and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of this the Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert ] (amount quoted by the Bidder Rupees [ insert in its Financial Proposal)( exclusive of words ] only) and service tax as applicable Taxes from time to be paid extra). time. b. The Annual Concession Fee shall be increased increased, after every year 3 years, at the rate, which shall be linked to CPI rate of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx15 % (fifteen percent), over the previous year’s Annual Concession C oncession Fee. b. c. The First first Annual Concession Fee shall be due on and payable from the date of completion of one year 42nd month, starting from the signing of Concession Agreement Appointed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. For Illustration , if the date of completion of 42nd month, from the Appointed Date, is 15th April, the Concessionaire shall have to deposit the Annual Concession Fee on or before 8th of April every year during the Concession Period. c. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year designated recipient at the Concessioning Authority’s or its Nomineenominee’s / Designated Recipientdesignated recipient’s bank account at a scheduled bank (to be intimated later on) payable at Anandpur SahibRaipur. d. In the event of delay up to four weeks in payment by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee / Designated Recipient interest at the rate of SBI Prime Lending Rate plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as Concessionaire Event of Default.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted gra nted by the Concessioning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert ] (amount quoted by the Bidder Rupees [ insert in its Financial Proposalwords ] only)( exclusive of applicable Taxes to be paid extra). . b. The Annual Concession Fee shall be increased increased, after every year 3 years, at the rate, which shall be linked to CPI rate of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx15% (fifteen percent), over the previous year’s Annual Concession C oncession Fee. b. c. The First first Annual Concession Fee shall be due on and payable from the date of completion of one year 42nd month, starting from the signing of Concession Agreement Appointed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. For Illustration , if the date of completion of 42nd month, from the Appointed Date, is 15th April, the Concessionaire shall have to deposit the Annual Concession Fee on or before 8th of April every year during the Concession Period. c. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year designated recipient at the Concessioning Authority’s or its Nomineenominee’s / Designated Recipientdesignated recipient’s bank account at a scheduled bank (to be intimated later on) payable at Anandpur SahibRaipur. d. e. In the event of delay up to four weeks one week in payment payme nt by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee nominee / Designated Recipient designated r ecipient interest at the rate of SBI Prime Lending Rate PLR plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as Concessionaire a Concession aire Event of Default. f. The Concessionaire shall pay service tax (as applicable) over and above the Concession Fee to Concessioning Authority . However, all duties and taxes in consequence of its obligations under this Concession Agreement, including custo ms and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs.

Annual Concession Fee. a. In consideration of the rights, privileges pr ivileges and interests granted by the Concessioning Authority to the Concessionaire in terms of this Agreement, the Concessionaire shall pay to the Concessioning Authority or its Nominee nominee / Designated Recipient designated recipient an Annual Concession Fee of Rs [insert ] (amount quoted by the Bidder Rupees [insert in its Financial Proposalwords ] only)( exclusive of applicable Taxes to be paid extra). . b. The Annual Concession Fee shall be increased increased, after every year 3 years, at the rate, which shall be linked to CPI rate of all the commodities, published at xxx.xxxxxxxxxxxx.xxx.xx10% (ten percent), over the previous year’s Annual Concession C oncession Fee. b. c. The First first Annual Concession Fee shall be due on and payable from the date of completion of one year 42nd month, starting from the signing of Concession Agreement Appointed Date and accordingly, the Concessionaire shall deposit the first Annual Concession Fee on or before the completion of one year from the signing of Concession Agreement. However, for rest of the years, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the corresponding same date in every year, throughout the subsequent yearsConcession Period. For Illustration , if the date of completion o f 42nd month, from the Appointed Date, is 15th April, the Concessionaire shall have to deposit the Annual Concession Fee on or before 8th of April every year during the Concession Period. c. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its Nominee nominee / Designated Recipient every year designated recipient at the Concessioning Authority’s or its Nomineenominee’s / Designated Recipientdesignated recipient’s bank account at a scheduled bank (to be intimated later on) payable at Anandpur SahibRaipur. d. e. In the event of delay up to four weeks one week in payment by the Concessionaire, the Concessionaire shall be required to pay the Concessioning Authority or its Nominee nominee / Designated Recipient designated r ecipient interest at the rate of SBI Prime Lending Rate PLR plus 4% per annum. In the case of delay beyond such four weeks, it shall be considered as b e a Concessionaire Event of Default. f. The Concessionaire shall pay service tax and / or any other tax as applicable over and above the Concession Fee to Concessioning Authority . However, all duties and taxes in consequence of its obligations under this Con cession Agreement, including customs and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs.