Fixed Upfront Premium Clause Samples
The Fixed Upfront Premium clause establishes that a set, non-variable payment must be made at the outset of an agreement, typically as a condition for entering into a contract or transaction. This payment is determined in advance and does not fluctuate based on future events or performance, ensuring both parties know the exact amount due at the start. By requiring a fixed upfront premium, the clause provides financial certainty and helps allocate risk by securing immediate compensation or commitment from one party.
Fixed Upfront Premium. 20.1.1 The Concessionaire has paid the Fixed Upfront Premium amounting to Rs. ……………………./- (Rupees ……………………………. Only) vide reference no…………………………… dated ………………. From Bank.
