Depreciation and Interest. 32.3.1 For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project Facilities shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the Authority shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under the Applicable Laws.
32.3.2 Unless otherwise specified, any interest payable under this Agreement shall accrue on a daily outstanding basis and shall be compounded on the basis of quarterly rates.
Depreciation and Interest. 31.3.1 The Authority shall not in any manner be liable in respect of any claims for depreciation to be made by the Operator under the Applicable Laws.
31.3.2 Unless otherwise specified, any interest payable under this Contract shall accrue on a daily outstanding basis and shall be compounded on the basis of quarterly rests.
Depreciation and Interest. 23.3.1 The property representing the capital investment made by the Developer in the Project shall be acquired and owned by the Developer. For the avoidance of doubt, MOR shall not in any manner be liable in respect of any claims for depreciation to be made by the Developer under the Applicable Laws.
23.3.2 Unless otherwise specified, any interest payable under this Agreement shall accrue on a daily outstanding basis and shall be compounded on the basis of quarterly rests.
Depreciation and Interest. For the purposes of depreciation under Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the Authority shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under Applicable Laws.
Depreciation and Interest. 22.4.1 For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the ULB shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under the Applicable Laws.
22.4.2 Unless otherwise specified, any interest payable under this Agreement shall accrue on a monthlybasis and from the respective due dates as provided for in this Agreement.
Depreciation and Interest. 24.5.1. For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Developer in the Project shall be deemed to be acquired and owned by the Developer. For the avoidance of doubt, NRDA shall not in any manner be liable in respect of any claims for depreciation to be made by the Developer under the Applicable Laws.
24.5.2. Unless otherwise specified, any interest payable under this Agreement shall accrue on a daily outstanding basis and shall be compounded on the basis of quarterly rests.
Depreciation and Interest. For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the Authority shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under the Applicable Laws. Unless otherwise specified, any interest payable under this Agreement shall accrue on a daily outstanding basis and shall be compounded on the basis of quarterly rests. Delayed payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. In the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.
Depreciation and Interest. For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the ULB shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under the Applicable Laws.
Depreciation and Interest. The Parties agree that under the Agreement in RY1 through RY10, the following are fixed annual amounts: Direct Depreciation is Four Million Thirty-Nine Thousand Three Hundred Twenty Nine and No/100 Dollars ($4,039,329), Allocated Depreciation and Start-Up Costs are Two Hundred Fifty Two Thousand Four Hundred Forty-Six and No/100 Dollars ($252,446), and Interest Expense is One Million One Hundred Sixteen Thousand Two Hundred Eight and No/100 Dollars ($1,116,208). The Parties agree that each of these items shall be Zero Dollars ($0) in RY11 and RY12.
Depreciation and Interest. 34.2.1 For the purposes of depreciation under the Applicable Laws, the property representing the capital investment made by the Lessee in the Project shall be deemed to be acquired and owned by the Lessee. For the avoidance of doubt, the Lessor shall not in any manner be liable in respect of any claims for depreciation to be made by the Lessee under the Applicable Laws.
