Common use of Construction of Funded Works Clause in Contracts

Construction of Funded Works. 12.7.1 The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.7, reimburse the capital costs incurred by the Concessionaire for and in respect of the construction works referred to in Clause 12.7.2 (the “Funded Works”). 12.7.2 The Parties acknowledge and agree that the lump sum costs of all construction works comprising Funded Works, as specified in Schedule-A, shall be deemed to be Rs. {*** (Rupees ********)}. The Parties further agree that the amount specified hereinabove shall be modified to the extent of variation in WPI occurring between the Bid Date and the Appointed Date, and the amount so revised shall be due and payable to the Concessionaire. The Parties also acknowledge that the aforesaid costs of Funded Works have not been included in the figure specified in the definition of Total Project Cost. 12.7.3 The Concessionaire acknowledges and agrees that the capital cost of each of the Funded Works shall be deemed to be equal to the lump sum amount specified in Schedule-A and the aggregate thereof shall not exceed the amount specified in Clause 12.

Construction of Funded Works. 12.7.1 12.6.1 The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.712.6, reimburse the capital costs incurred by the Concessionaire Operator for and in respect of the construction works referred to in Clause 12.7.2 12.6.2 (the “Funded Works”). 12.7.2 12.6.2 The Parties acknowledge and agree that the lump sum costs of all construction works comprising Funded Works, as specified in Schedule-A, shall be deemed to be Rs. {*** *} crore (Rupees ********[•])}. The Parties further agree that the amount specified hereinabove shall be modified to the extent of variation in WPI occurring between the Bid Date and the Appointed Date, and the amount so revised shall be due and payable to the ConcessionaireOperator. The Parties also acknowledge that the aforesaid costs of Funded Works have not been included in the figure specified in the definition of Total Project Cost. 12.7.3 12.6.3 The Concessionaire Operator acknowledges and agrees that the capital cost of each of the Funded Works shall be deemed to be equal to the lump sum amount specified in Schedule-A and the aggregate thereof shall not exceed the amount specified in Clause 12.

Construction of Funded Works. 12.7.1 12.6.1 The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.712.6, reimburse the capital costs incurred by the Concessionaire Operator for and in respect of the construction works Construction Works referred to in Clause 12.7.2 12.6.2 (the “Funded Works”). 12.7.2 12.6.2 The Parties acknowledge and agree that the lump sum costs of all construction works Construction Works comprising Funded Works, as specified in Schedule-A, shall be deemed to be Rs. {*** (Rupees ********)}. The Parties further agree that the amount specified hereinabove shall be modified to the extent of variation in WPI occurring between the Bid Date and the Appointed Date, and the amount so revised shall be due and payable to the ConcessionaireOperator. The Parties also acknowledge that the aforesaid costs of Funded Works have not been included in the figure specified in the definition of Total Project Cost. 12.7.3 12.6.3 The Concessionaire Operator acknowledges and agrees that the capital cost of each of the Funded Works shall be deemed to be equal to the lump sum amount specified in Schedule-A and the aggregate thereof shall not exceed the amount specified in Clause 12.

Construction of Funded Works. 12.7.1 12.6.1 The Authority acknowledges, agrees and undertakes that it shall, in accordance with the provisions of this Clause 12.712.6, reimburse the capital costs incurred by the Concessionaire Operator for and in respect of the construction works referred to in Clause 12.7.2 12.6.2 (the “Funded Works”). 12.7.2 12.6.2 The Parties acknowledge and agree that the lump sum costs of all construction works work comprising Funded Works, as specified in Schedule-A, shall be deemed to be Rs. {*** *} crore (Rupees ********[•])}. The Parties further agree that the amount specified hereinabove shall be modified to the extent of variation in WPI occurring between the Bid Date and the Appointed Date, and the amount so revised shall be due and payable to the ConcessionaireOperator. The Parties also acknowledge that the aforesaid costs of Funded Works have not been included in the figure specified in the definition of Total Project Cost. 12.7.3 12.6.3 The Concessionaire Operator acknowledges and agrees that the capital cost of each of the Funded Works shall be deemed to be equal to the lump sum amount specified in Schedule-A and the aggregate thereof shall not exceed the amount specified in Clause 12.