Common use of Deposit in Escrow Account Clause in Contracts

Deposit in Escrow Account. 17.2.1 The Operator shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account: a. all the revenues generated and all the income accruing from the Project including but not limited to the Passenger Fare, any deposits by the Operator from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s System Management Fee in the Escrow Account]51; b. all amounts collected by way of penalizing the passengers commuting without ticket; c. insurance proceeds; d. revenue generated from the display of advertisement on the Buses and Bus Depot; e. [cost towards insurance premium(s)]52 f. any other revenue or capital receipts from or in respect of the Project; 17.2.2 The Authority shall deposit or cause to be deposited the following in the Escrow Account: a. all payments by the Authority including[Grant and]53[insurance claims if any received and payable to the Operator]54; b. share of Passenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place; c. all payments to the Operator towards Damages; and 50 [Drafting Note: Delete this provision if Grant is applicable] 51 [Drafting Note: Delete thispart of the provision if Grant is applicable] 52[Drafting Note : Delete this provision if Buses are being procured by the Operator and replace it with the words "intentionally left blank"] 53[Drafting Note: Delete thispart of the provision if System Management Fee is applicable] 54[Delete this part of the provision if Buses are being procured by the Operator] d. amount due towards Termination Payment to the Operator, if any, payable in terms of the Contract.

Deposit in Escrow Account. 17.2.1 The Operator Authority shall deposit or cause to be deposited the following inflows and receipts into the Escrow AccountAccount : a. all the revenues generated and all the income accruing from the Project including but not limited to the Passenger Fare, any deposits by the Operator Authority from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s System Management estimated Actual O&M Fee in the Escrow Account]51Account; b. all amounts collected by way of penalizing the passengers commuting without ticket; c. [all amounts by the Operator towards reimbursement of cost of insurance proceeds;premiums]51 d. revenue generated from all payments by the display of advertisement on the Buses and Bus DepotAuthority including insurance claims, if any, received; e. [cost Dues towards insurance premium(s)]52Termination Payment to the Operator; and f. any other revenue revenues or capital receipts from or in respect of the Project;. 17.2.2 The Authority Operator shall deposit or cause to be deposited the following in the Escrow Account: a. [all payments receipts by the Authority including[Grant and]53[insurance claims if any received Operator towards Authority’s share of revenue generated from the display of advertisement on the Buses and payable to the Operator]54;Bus Depot]52; and b. share of Passenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place; c. all payments to the Operator Authority towards Damages; and 50 [Drafting Note: Delete this provision if Grant is applicable] 51 [Drafting Note: Delete thispart . 17.2.3 The Operator, subject to the approval of the provision if Grant Authority, may transfer part or its right in the Escrow Account to Financial Institutions as long as it is applicable] 52[Drafting done to guarantee payment towards procurement of Buses. 51[Drafting Note : Delete this provision if Buses are being procured by Operator and replace it with the words “intentionally left blank”] 52[Drafting Note : Delete this provision if advertisement revenue is not being shared between the Operator and the Authority and replace it with the words "intentionally left blank"] 53[Drafting Note: Delete thispart of the provision if System Management Fee is applicable] 54[Delete this part of the provision if Buses are being procured by the Operator] d. amount due towards Termination Payment to the Operator, if any, payable in terms of the Contract.

Deposit in Escrow Account. 17.2.1 The Operator shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account: a. all the revenues generated and all the income accruing from the Project including but not limited to the Passenger Fare, any deposits by the Operator from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s System Management Fee in the Escrow Account]51Account]53; b. all amounts collected by way of penalizing the passengers commuting without ticket; c. insurance proceeds; d. revenue generated from the display of advertisement on the Buses and Bus Depot; e. [cost towards insurance premium(s)]52premium(s)]54; and f. any other revenue or capital receipts from or in respect of the Project.; 17.2.2 The Authority shall deposit or cause to be deposited the following in the Escrow Account: a. all payments by the Authority including[Grant and]53[insurance including [Grant and]55[insurance claims if any ifany received and payable to the Operator]54Operator]56; b. share of Passenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place; c. all payments to towards Monthly Bonus by the Operator towards DamagesAuthority; and 50 52 [Drafting Note: Delete this provision if Grant is applicable] 51 53 [Drafting Note: Delete thispart this part of the provision if Grant is applicable] 52[Drafting 54[Drafting Note : Delete this provision if Buses are being procured by the Operator and replace it with the words "intentionally left blank"] 53[Drafting 55[Drafting Note: Delete thispart of the provision if System Management Fee is applicable] 54[Delete 56 [Delete this part of the provision if Buses are being procured by the Operator] d. all payments to the Operator towards Damages; and e. amount due towards Termination Payment to the Operator, if any, any payable in terms of the Contract.

Deposit in Escrow Account. 17.2.1 The Operator Authority shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account: a. all the revenues generated and all the income accruing from the Project including but not limited to the Passenger Fare, any deposits by the Operator Authority from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s System Management estimated O&M Fee in the Escrow Account]51Account; b. all amounts collected by way of penalizing the passengers commuting without ticket; c. [all amounts by the Operator towards reimbursement of cost of insurance proceedspremiums]51; d. all payments by the Authority including insurance claims, if any, received; e. Dues towards Termination Payment to the Operator; and f. any other revenues or capital receipts from or in respect of the Project 17.2.2 The Operator shall deposit or cause to be deposited the following in the Escrow Account : a. [all receipts by the Operator towards Authority’s share of revenue generated from the display of advertisement on the Buses and Bus Depot; e. [cost towards insurance premium(s)]52 f. any other revenue or capital receipts from or in respect of the Project; 17.2.2 The Authority shall deposit or cause to be deposited the following in the Escrow Account: a. all payments by the Authority including[Grant and]53[insurance claims if any received and payable to the Operator]54;Depot]52; and b. share of Passenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place; c. all payments to the Operator Authority towards Damages; and 50 [Drafting Note: Delete this provision if Grant is applicable] 51 [Drafting Note: Delete thispart . 17.2.3 The Operator, subject to the approval of the provision if Grant Authority, may transfer part of its right in the Escrow Account to Financial Institutions as long as it is applicable] 52[Drafting done to guarantee payment towards procurement of Buses; 51[Drafting Note : Delete this provision if Buses are being procured by the Operator and replace it with the words "intentionally left blank"”] 53[Drafting Note52[Drafting Note : Delete thispart of the this provision if System Management Fee advertisement revenue is applicable] 54[Delete this part of not being shared between the provision if Buses are being procured by Operator and the OperatorAuthority and replace it with the words "intentionally left blank"] d. amount due towards Termination Payment to the Operator, if any, payable in terms of the Contract.