Common use of Gross Revenue Share Clause in Contracts

Gross Revenue Share. The Concessionaire shall, subject to terms hereof, pay to the Authority revenue share of its Gross Revenue, which shall be equivalent to [●]%2 (per cent) of the Gross Revenue (“Gross Revenue Share”) payable on a monthly basis, beginning from the COD of Phase 0. The Gross Revenue Share for a particular month shall be payable by the Concessionaire by the seventh day of the next month and shall be subject to verification and reconciliation on a quarterly, semi -annual or annual basis, as required by the Authority in its discretion. For this purpose, the Parties hereby agree as follows:-

Gross Revenue Share. The Concessionaire shall, subject to terms hereof, pay to the Authority revenue share of its Gross Revenue, which shall be equivalent to [●]%2 1 (per cent) of the Gross Revenue (“Gross Revenue Share”) payable on a monthly basis, beginning from the COD of Phase 0. The Gross Revenue Share for a particular month shall be payable by the Concessionaire by the seventh day of the next month and shall be subject to verification and reconciliation on a quarterly, semi -annual or annual basis, as required by the Authority in its discretion. For this purpose, the Parties hereby agree as follows:-

Gross Revenue Share. The Concessionaire shall, subject to terms hereof, pay to the Authority revenue share of in its Gross Revenue, which shall be equivalent to [●]] %2 1 (per cent) of the Gross Revenue (“Gross Revenue Share”) payable on a monthly basis, basis beginning from the COD of Phase 0. The Gross Revenue Share for a particular month shall be payable by the Concessionaire by the seventh day of the next month and shall be subject to verification and reconciliation on a quarterly, semi -annual or annual basis, as required by the Authority in its discretion. For this purpose, the Parties hereby hereto agree as follows:-