Annuity Payments during Operation Period Sample Clauses

Annuity Payments during Operation Period. 23.6.1 The (the “Completion Cost” shall be the summation of A, B, C, D, E, and F below: A. 20% of the Bid Project Cost adjusted for the Price Index Multiple as applicable on the Reference Index Date preceding the date of report confirming 20% Physical Progress.
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Annuity Payments during Operation Period. 23.6.1 The (the “Completion Cost” shall be the summation of A, B, C, D, E, F, G, H, I, J and K below: A. 5% of the Bid Project Cost adjusted for the Price Index Multiple as applicable on the 5 Independent Engineer, during finalization of design, shall upfront decide weightages of all the items in due consultation with the Authority responsible for making payments and recommended percentage physical progress achievements based on the above decided weightages for the entire construction period. The weightages shall be fixed as per format in Annexure – I of Schedule G of this Agreement. Reference Index Date preceding the date of report confirming 5% Physical Progress.
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Annuity Payments during Operation Period. 23.6.1 An amount equal to the product of the Project Cost and the Price Index Multiple applicable as on COD shall be deemed to be the cost of the Project as on COD (the “Completion Cost”).The Parties agree that 50%(fifty per cent) of the Completion Cost shall be deemed to have been paid during the Construction Period and the balance remaining shall be due and payable during the Operation Period in accordance with the provisions of Clause 23.6.2.
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Annuity Payments during Operation Period. 5 Independent Engineer, during finalization of design, shall upfront decide weightages of all the items in due consultation with the Authority responsible for making payments and recommended percentage physical progress achievements based on the above decided weightages for the entire construction period. The weightages shall be fixed as per format in Annexure – I of Schedule G of this Agreement.
Sample 1
Annuity Payments during Operation Period. 21.4.1. The Bid Project Cost remaining to be paid shall be due and payable in equal biannual instalments over a period of 9 (nine) years and 6 (six) months commencing from COD, (the “Annuity Payments”). Each of the biannual instalments payable hereunder shall be paid along with interest as specified in Clause 21.4.2. The 1st (first) instalment of Annuity Payments shall be due and payable within 15 (fifteen) days of end of 6 (six) months from COD and the remaining instalments shall be due and payable within 15 (fifteen) days of completion of each of the successive 6 (six) months (the “Annuity Payment Date”).
Sample 1
Annuity Payments during Operation Period. 23.6.1 The (the “Completion Cost” shall be the summation of A, B, C, D, E, and F below: 12 Independent Engineer, during finalization of design, shall upfront decide weightages of all the items in due consultation with the Authority responsible for making payments and recommended percentage physical progress achievements based on the above decided weightages for the entire construction period. The weightages shall be fixed as per format in Annexure – I of Schedule G of this Agreement.
Sample 1

Related to Annuity Payments during Operation Period

  • Withdrawals during Concession Period 31.3.1 The Concessionaire shall, at the time of opening the Escrow Account, give irrevocable instructions, by way of an Escrow Agreement, to the Escrow Bank instructing, inter alia, that deposits in the Escrow Account shall be appropriated in the following order every month, or at shorter intervals as necessary, and if not due in a month then appropriated proportionately in such month and retained in the Escrow Account and paid out therefrom in the month when due:

  • Insurance during Concession Period The Concessionaire shall effect and maintain at its own cost, during the Construction Period and the Operation Period, such insurances for such maximum sums as may be required under the Financing Agreements, and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority as a consequence of any act or omission of the Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co- insured and that the insurer shall pay the proceeds of insurance into the Escrow Account. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire after repayment of Senior Lenders‟ dues in full shall be determined on the same principles as applicable for determining the level of insurance prior to such repayment of Senior Lenders‟ dues.

  • OPERATION OF PROPERTY DURING AGREEMENT PERIOD The Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to the Agreement and will take no action that would adversely impact the Property, tenants, lender, or business, if any. Any changes, such as renting vacant space, that materially affects the Property or the Buyer's intended use will be permitted only with the Buyer's consent.

  • PRORATION PERIOD The Tenant: (check one) ☐ - Shall take possession of the Premises before the start of the Lease Term on , 20 and agrees to pay $ for the proration period. The proration rate is calculated by the monthly Rent on a daily basis which shall be paid by the Tenant upon the execution of this Agreement. ☐ - Shall not be taking possession of the Premises before the Lease Term.

  • Developer Payments Not Taxable The Developer and Connecting Transmission Owner intend that all payments or property transfers made by Developer to Connecting Transmission Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and the System Upgrade Facilities and the System Deliverability Upgrades shall be non-taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

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