ANNUAL CONCESSION PAYMENT Sample Clauses

ANNUAL CONCESSION PAYMENT. 32.2.1. As from the Date of entering into force of Concession Agreement for each year of the Term of concession, the CONCESSIONAIRE shall pay to the GRANTOR OF CONCESSION annual concession payment in the size of percentage defined according to the offer of the participant selected as CONCESSIONAIRE, but not less than 7 per cent of the total size of the net revenues from all activities for the current year, which are related to the using of the object of concession and the due VAT on this sum.
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