Deposit in Escrow Account. 17.2.1 The 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 Authority from its own resources in order to maintain an amount equivalent to {2 (two)} month’s estimated O&M Fee in the Escrow Account; 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 premiums]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]52; and b. all payments to the Authority towards Damages. 17.2.3 The Operator, subject to the approval of the Authority, may transfer part of its right in the Escrow Account to Financial Institutions as long as it is 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”] 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"]
Appears in 1 contract
Samples: City Bus Private Operation Contract
Deposit in Escrow Account. 17.2.1 The Authority 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 Authority Operator from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s estimated O&M System Management Fee in the Escrow AccountAccount]51;
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 premiums]51proceeds;
d. all payments by revenue generated from the Authority including insurance claims, if any, receiveddisplay of advertisement on the Buses and Bus Depot;
e. Dues [cost towards Termination Payment to the Operator; andinsurance premium(s)]52
f. any other revenues revenue or capital receipts from or in respect of the Project;
17.2.2 The Operator Authority shall deposit or cause to be deposited the following in the Escrow Account Account:
a. [all receipts payments by the Operator towards Authority’s Authority including[Grant and]53[insurance claims if any received and payable to the Operator]54;
b. share of revenue generated from the display of advertisement on the Buses and Bus Depot]52; andPassenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place;
b. c. all payments to the Authority Operator towards Damages.
17.2.3 The Operator, subject to the approval ; and 50 [Drafting Note: Delete this provision if Grant is applicable] 51 [Drafting Note: Delete thispart of the Authority, may transfer part of its right in the Escrow Account to Financial Institutions as long as it provision if Grant is done to guarantee payment towards procurement of Buses; 51[Drafting applicable] 52[Drafting Note : Delete this provision if Buses are being procured by the Operator and replace it with the words "intentionally left blank”"] 52[Drafting Note 53[Drafting Note: Delete this thispart of the provision if advertisement revenue System Management Fee is not applicable] 54[Delete this part of the provision if Buses are being shared between procured by the Operator and Operator]
d. amount due towards Termination Payment to the Authority and replace it with Operator, if any, payable in terms of the words "intentionally left blank"]Contract.
Appears in 1 contract
Samples: City Bus Private Operation Contract
Deposit in Escrow Account. 17.2.1 The Authority 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 Authority Operator from its own resources [in order to maintain an amount equivalent to {2 (two)} month’s estimated O&M System Management Fee in the Escrow AccountAccount]53;
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 premiums]51proceeds;
d. all payments by revenue generated from the Authority including insurance claims, if any, receiveddisplay of advertisement on the Buses and Bus Depot;
e. Dues [cost towards Termination Payment to the Operatorinsurance premium(s)]54; and
f. any other revenues revenue or capital receipts from or in respect of the Project.;
17.2.2 The Operator Authority shall deposit or cause to be deposited the following in the Escrow Account Account:
a. [all receipts payments by the Operator towards Authority’s Authority including [Grant and]55[insurance claims ifany received and payable to the Operator]56;
b. share of revenue generated from the display of advertisement on the Buses and Bus Depot]52; andPassenger Fare collected by Authority or a Third Party if an integrated ticketing system is in place;
b. c. all payments to towards Monthly Bonus by the Authority towards Damages.
17.2.3 The Operator, subject to the approval Authority; 52 [Drafting Note: Delete this provision if Grant is applicable] 53 [Drafting Note: Delete this part of the Authority, may transfer part of its right in the Escrow Account to Financial Institutions as long as it provision if Grant is done to guarantee payment towards procurement of Buses; 51[Drafting applicable] 54[Drafting Note : Delete this provision if Buses are being procured by the Operator and replace it with the words "intentionally left blank”"] 52[Drafting Note 55[Drafting Note: Delete this thispart of the provision if advertisement revenue System Management Fee is not applicable] 56 [Delete this part of the provision if Buses are being shared between procured by the Operator]
d. all payments to the Operator towards Damages; and e. amount due towards Termination Payment to the Authority and replace it with Operator, if any payable in terms of the words "intentionally left blank"]Contract.
Appears in 1 contract
Samples: City Bus Private Operation Contract
Deposit in Escrow Account. 17.2.1 The 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 Authority from its own resources in order to maintain an amount equivalent to {2 (two)} month’s estimated Actual O&M Fee in the Escrow Account;
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 premiums]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 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]52; and
b. all payments to the Authority towards Damages.
17.2.3 The Operator, subject to the approval of the Authority, may transfer part of or its right in the Escrow Account to Financial Institutions as long as it is 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”] 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"]
Appears in 1 contract
Samples: City Bus Private Operation Contract
