Concession Payment. The Concession Payment shall be in the amount and payable upon the terms set forth in Part A of Exhibit 7. For federal income tax purposes, the Concession Payment is allocated as set forth in Part A of Exhibit 7.
Concession Payment. At Financial Close, subject to adjustment pursuant to Section 3.6.3, Developer shall pay $[●] [to be inserted from Proposal] in good and immediately available funds to TxDOT (the “Concession Payment”).
Concession Payment.
2.3.1 In consideration for Developer’s rights granted by this Agreement, Developer shall pay to the Department the sum of $1,000,000. Subject to Section 2.3.2, such sum shall be due and payable not later than the date of Financial Close.
2.3.2 Payment of such sum is subject to the following:
2.3.2.1 If this Agreement is terminated prior to Financial Close and the Department is entitled to draw on the Financial Close Security pursuant to this Agreement, the Department acknowledges that the Financial Close Security includes recovery of such sum; and
2.3.2.2 If this Agreement is terminated prior to Financial Close and the Department is not entitled to draw on the Financial Close Security pursuant to this Agreement, then such sum shall not be due and payable.
Concession Payment. (a) The Concessionaire agrees to make to SIIDCUL payment in accordance with Schedule 2 (“Concession Payment”).
(b) The Concession Payment shall be made by way of cheque/ demand draft in favour of “The Managing Director, SIIDCUL” payable at Dehradun.
Concession Payment. As full consideration for the reduced Base Rent set forth in Section 4 below, a portion of the TI Allowance as set forth in the Tenant Work Letter, and the delivery of the Build-Out Plans, Tenant shall pay to Landlord concurrent with Tenant’s delivery of an executed copy of this Lease to Landlord an amount equal to $3,750,000 (“Concession Payment”). Tenant shall pay the Concession Payment to Landlord by wire transfer (via Fedwire) of immediately available funds to an account designated in writing by Landlord.
Concession Payment. The Concessionaire shall pay to the Concessioning Authority annual payment (“the Concession Payment”). Sr. No Due Date Year Amount Calculation Amount in figures Amount in words 1. On COD 1 CP 2. COD + 1 Year 2 CP 3. COD + 2 Year 3 CP 4. COD + 3 Year 4 (1.10) X CP 5. COD + 4 Year 5 (1.10) X CP 6. COD + 5 Year 6 (1.10) X CP 7. COD + 6 Year 7 (1.10)2 X CP 8. COD + 7 Year 8 (1.10)2 X CP 9. COD + 8 Year 9 (1.10)2 X CP 10. COD + 9 Year 10 (1.10)3 X CP 11. COD + 10 Year 11 (1.10)3 X CP 12. COD + 11 Year 12 (1.10)3 X CP 13. COD + 12 Year 13 (1.10)4 X CP 14. COD + 13 Year 14 (1.10)4 X CP 15. COD + 14 Year 15 (1.10)4 X CP 16. COD + 15 Year 16 (1.10)5 X CP 17. COD + 16 Year 17 (1.10)5 X CP 18. COD + 17 Year 18 (1.10)5 X CP 19. COD + 18 Year 19 (1.10)6 X CP 20. COD + 19 Year 20 (1.10)6 X CP 21. COD + 20 Year 21 (1.10)6 X CP 22. COD + 21 Year 22 (1.10)7 X CP 23. COD + 22 Year 23 (1.10)7 X CP 24. COD + 23 Year 24 (1.10)7 X CP 25. COD + 24 Year 25 (1.10)8 X CP 26. COD + 25 Year 26 (1.10)8 X CP 27. COD + 26 Years 27 (1.10)8 X CP 28. COD + 27 Years 28 (1.10)9 X CP 29. COD + 28 Years 29 (1.10)9 X CP 30. COD + 29 Years 30 (1.10)9 X CP
a. Concession Payment for each Financial Year shall be paid to the Concessioning Authority on or before the fifteenth Day of the due date.
b. Concession Payment amounts remaining unpaid on respective due dates would carry interest @ SBI PLR plus 2% (two percent) per annum from the due date till the date of payment or realization thereof. Construction Requirements SCHEDULE 3
A. Construction Requirements for Project Facility 1.0 General
