Lease Rental. 19.3.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 (Rupees One Crore) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basis.
Appears in 3 contracts
Samples: Draft Concession Agreement, Draft Concession Agreement, Draft Concession Agreement
Lease Rental. 19.3.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 10,000,000 (Rupees One Crore) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basisannum.
Appears in 2 contracts
Samples: Draft Concession Agreement, Draft Concession Agreement
Lease Rental. 19.3.1 19.5.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 Rs. 1.00 (Rupees One Croreone only) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basisannum.
Appears in 1 contract
Samples: Concession Agreement
Lease Rental. 19.3.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 2,00,00,000 (Rupees One Two Crore) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basisannum.
Appears in 1 contract
Samples: Draft Concession Agreement
Lease Rental. 19.3.1 19.5.1 In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Site Lease Deed, make payments to the Authority by way of annual lease rentals (the “Lease Rentals”) starting at a concessional rate of INR 1,00,00,000 50,00,000 (Rupees One CroreFifty Lakh) per annum and subject to escalation at 5% (five per cent) per annum on a compounded basisannum.
Appears in 1 contract
Samples: Draft Concession Agreement