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 the Agreement, the Concessionaire shall pay to the Concessioning Authority or its nominee / designated recipient an Annual Concession Fee of Rs b. The Annual Concession Fee shall be increased, after every 5 years, at the rate of 10 % (ten percent), over the previous Annual Concession Fee. c. The first Annual Concession Fee shall be due and payable from the date of completion of 8 th year, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the same date every year, throughout the Concession Period. For Illustration, if the date of completion of 7th year, from the Appointed Date, is 20th June, the Concessionaire shall have to deposit the Annual Concession Fee on or before 7th of June every year during the Concession Period. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its nominee / designated recipient 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 Raipur.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of the Agreement, the Concessionaire shall pay to the Concessioning Authority or its nominee / designated recipient an Annual Concession Fee of RsRs 12 Lacs (Rupees Twelve Lacs only) and service tax as applicable from time to time. b. The Annual Concession Fee shall be increased, after every 5 years, at the rate of 10 % (ten percent), over the previous Annual Concession Fee. c. The first Annual Concession Fee shall be due and payable from the date of completion of 8 th year, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the same date every year, throughout the Concession Period. For Illustration, if the date of completion of 7th year, from the Appointed Date, is 20th June, the Concessionaire shall have to deposit the Annual Concession Fee on or before 7th of June every year during the Concession Period. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its nominee / designated recipient 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 Raipur.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of the Agreement, the Concessionaire shall pay to the Concessioning Authority or its nominee / designated recipient an Annual Concession Fee of Rs b. The Annual Concession Fee shall be increased, after every 5 years, at the rate of 10 % (ten percent), over the previous Annual Concession Fee. c. The first Annual Concession Fee shall be due and payable from the date of completion of 8 th year, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the same date every year, throughout the Concession Period. For Illustration, if the date of completion of 7th year, from the Appointed Date, is 20th June, the Concessionaire shall have to deposit the Annual Concession Fee on or before 7th of June every year during the Concession Period. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its nominee / designated recipient 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 Raipur. First concession fees will payable from 8th year from the date of signing of concession agreement.

Annual Concession Fee. a. In consideration of the rights, privileges and interests granted by the Concessioning Authority to the Concessionaire in terms of the Agreement, the Concessionaire shall pay to the Concessioning Authority or its nominee / designated recipient an Annual Concession Fee of RsRs 7 Lacs (Rupees Seven Lacs only) and service tax as applicable from time to time. b. The Annual Concession Fee shall be increased, after every 5 years, at the rate of 10 % (ten percent), over the previous Annual Concession Fee. c. The first Annual Concession Fee shall be due and payable from the date of completion of 8 th year, starting from the Appointed Date and accordingly, the Concessionaire shall deposit the Annual Concession Fee 7 (seven) days prior to the same date every year, throughout the Concession Period. For Illustration, if the date of completion of 7th year, from the Appointed Date, is 20th June, the Concessionaire shall have to deposit the Annual Concession Fee on or before 7th of June every year during the Concession Period. d. The Annual Concession Fee shall be payable by the Concessionaire to the Concessioning Authority or its nominee / designated recipient 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 Raipur.