CAPITAL GRANT. Subject to the conditions specified in this Clause 29.2, the Capital Grant shall be equivalent to the lowest bid for Capital Grant (subject to maximum of 40% (forty percent) of the Estimated Project Cost) which shall be disbursed only after the Concessionaire has subscribed and expended the equity contribution required for the Project and will be released in proportion to debt disbursements by Senior Lenders (the “Capital Grant”).
Appears in 6 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
