Average Operational Time Sample Clauses

Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time of services of at least 75% of the total days on which Premises is operational. The Average Operational Time for services shall be calculated as follows: 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty (the “Penalty”) which shall be equivalent to 10% of the Annual Licence Fee for the year for which such Penalty is imposed, to Authority within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, Authority shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.

Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time per food court of atleast 75% of the total days on which Premises is operational. The Average Operational Time for food court shall be calculated as follows: Average Operational Time per Food court = ∑(Number of operational days in the year for Food Court) (Number of days for which Premises was operational in the year) 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty of 10% of Annual Concession fee for the Year for which it is imposed (the “Penalty”)and pay , to DTTDC within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, DTTDC shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.

Average Operational Time. 11.8.1. Operator shall achieve Average Operational Time of Fine Dining and Banqueting of atleast 75% of the total days on which Premises is operational. The Average Operational Time for Fine Dining and Banqueting shall be calculated as follows: Average Operational Time for Fine Dining and Banqueting = 11.8.2. Operator shall calculate the Average Operational Time at the beginning of new Operational Year for the preceding Operational Year and submit it to PMB within seven days of commencement of the new Operational Year. 11.8.3. If PMB finds the Average Operational Time to be less than 75%, then Operator shall be required to pay a penalty (the “Penalty”) which shall be equivalent to 10% of the Annual Concession Fee for the year for which such Penalty is imposed, to DTTDC within thirty days of commencement of the new Operational Year. In case Operator fails to pay the amount of penalty within specified time, DTTDC shall deduct the complete amount of penalty from Performance Security of Operator. 11.8.4. Average Operational Time shall be calculated only during Operations Period and shall not be applicable during the Completion Period.