O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof. For the performance of its Maintenance obligations, a lump sum financial support in the form of biannual payments shall be due and payable by the Authority.
a. For flexible pavement including structures: no maintenance charges shall be paid for the first year; 0.40% of the Bid Project Cost each for the second, third and fourth year; 0.80% of the Bid Project Cost each for the subsequent years till laying of the renewal layer or end of concession period, whichever is earlier. The requirement for the renewal layer shall be worked out based on the survey and investigation of the existing pavement and the cost of such renewal works shall be made separately to the Concessionaire @ 2.4% of Bid Project Cost. After laying of the renewal layer, the Concessionaire shall be paid @0.40% of the original Bid Project Cost each for the next four years and @ 0.80% of the original Bid Project Cost each till laying of the second renewal layer or end of concession period, whichever is earlier. After laying of the renewal layer, the Concessionaire shall be paid @0.40% of the original Bid Project Cost each for the remaining years till the end of concession period. For the avoidance of doubt, it is clarified that if there is any requirement of renewal layer during the initial 5 years & during the 5 years after laying of first renewal layer then the cost of such renewal layer and any requirement of structural layer during the concession period shall be borne solely by concessionaire
b. For flexible perpetual pavement including structures: no maintenance charges shall be paid for the first year; 0.40% of the Bid Project Cost each for the second, third and fourth year; 0.60% of the Bid Project Cost each for the subsequent years till laying of the renewal layer or end of concession period, whichever is earlier. The requirement for the renewal layer shall be worked out based on the survey and investigation of the existing pavement and the cost of such renewal works shall be made separately to the Concessionaire @ 2.4% of Bid Project Cost. After laying of the renewal layer, the Concessionaire shall be paid @ 0.40% of the original Bid Project Cost each for the next four years and @0.60% of the original Bid Project Cost each till laying of the second renewal layer or end of concession period, whichever is earlier. After laying of the
c. For rigid pavement including str...
O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof, a lump sum financial support in the form of biannual payments shall be due and payable by the Authority in accordance with the provisions of this Clause 23.7 (the “O&M Payments”). The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement.
23.7.2 Subject to the Provisions of Clause 23.7.3, the O&M Payments due and payable to the Concessionaire shall be determined by computing an amount equivalent to: (a) 2% (two per cent) of the Project Cost for each of the 1st(first),2nd (second) and 3rd(third) years of the Operation Period; (b) 3% (three per cent) of the Project Cost for each of the 4th (fourth), 5th (fifth) and 6th (sixth) years, of the Operation Period; and (c) 4% (four per cent) of the Project Cost for each of the remaining years, which shall be paid in 2(two) equal biannual instalments and disbursed by the Authority together with the corresponding instalments of Annuity Payments.
O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof, a lump sum financial support in the form of quarterly payments shall be due and payable by the Authority, which shall be computed on Rs............ (Rupees.............) (the "First Year O&M Cost")5, in accordance with the provisions of this Clause 23.7 (the "O&M Payments"). GST as applicable shall be reckoned by the Authority at the material time of each quarterly payment of O&M Expenses. The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt, it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16 of this Agreement.
23.7.2 Subject to the provisions of Clause 23.7.3, the O&M Payments due and payable to the Concessionaire shall be paid in 4 (four) equal quarterly instalments and disbursed by the Authority together with the corresponding instalments of Annuity Payments.
23.7.3 Each instalment of O&M Payment shall be the product of the amount determined in accordance with Clause 23.7.1 and the Price Index Multiple on the Reference Index Date preceding the due date of payment thereof.
O&M Payments. 23.7.1 The Parties acknowledge and agree that all O&M Expenses shall be borne by the Concessionaire and in lieu thereof; a lump sum financial support in the form of biannual payments shall be due and payable by the Authority, which shall be computed on the amount quoted by the selected bidder under its O & M Bid in accordance with the provisions of this Clause 23.7 (the “O&M Payments”). The Parties further acknowledge and agree that any O&M Expenses in excess of the O&M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt it is clarified that the O&M Payments will be subject to any Change in Scope of the Project of the Concessionaire under Article 16of this Agreement.
23.7.2 Subject to the Provisions of Clause 23.7.3, the O&M Payments due and payable to the Concessionaire shall be paid in 2 (two) equal biannual installments and disbursed by the 14 To be finalized on the basis of the outstanding Completion Cost Annuity pursuant to the payment of 1st Annuity as provided in the Annuity payment schedule in Clause 23.6.3 15 Assuming that the total number of days between 1st Annuity payment date and 2nd Annuity date are Authority together with the corresponding installments of Annuity Payments. The schedule of payment of O & M payment shall be as follows, Annuity following the COD Percentage of amount quoted towards O & M for first year 1st Annuity 33.33% 2nd Annuity 33.33% 3rd Annuity 33.33% 4th Annuity 33.33% 5th Annuity 33.33% 6th Annuity 33.33% 7th Annuity 50.00% 8th Annuity 50.00% 9th Annuity 50.00% 10th Annuity 50.00% 11th Annuity 50.00% 12th Annuity 50.00% 13th Annuity 50.00% 14th Annuity 50.00% 15th Annuity 66.67% 16th Annuity 66.67% 17th Annuity 66.67% 18th Annuity 66.67% 19th Annuity 66.67%
O&M Payments. (a) During the O&M Period, NMCG shall be required to make the O&M Payments to the Concessionaire comprising the Capex Annuity; the O&M Charges and the Power Charges, in accordance with this Clause 9.4.
O&M Payments. Each Member Agency’s share of Net O&M Expenses will be allocated based upon such Member Agency’s actual Flow and Strength of Wastewater discharged to the Project under this Agreement in a particular fiscal year. The Authority shall periodically determine how O&M Expenses shall be allocated among the components of Flow and Strength based on cost-of-service and sound engineering principles.
O&M Payments. If requested by Owner, provide a proposed monthly amount to compensate the Contractor for performing the maintenance services to be set forth in Schedule K of the Investment Grade Audit Report, together with an inflationary adjustment factor.
O&M Payments. (a) During the O&M Period, NMCG shall be required to make the O&M Payments in Rupees to the Concessionaire for each STP Facility comprising the Capex Annuity, the interest on the reducing balance of 60% of the STP Completion Cost, the STP O&M Charges and the Power Charges, in accordance with this Clause 9.4.
O&M Payments. 21.5.1 The Parties acknowledge and agree that all O & M Expenses shall be borne by the Concessionaire and in lieu thereof; a lump sum financial support in the form of quarterly payments shall be due and payable by the Authority, which shall be computed on the amount quoted by the selected bidder under its O & M Bid, in accordance with the provisions of this Clause 21.5 (the “O & M Payments”). The Parties further acknowledge and agree that any O & M Expenses in excess of the O & M Payments shall be borne solely by the Concessionaire, save and except as expressly provided in this Agreement. For avoidance of doubt it is clarified that the O & M Payments will be subject to any Change of Scope under Article 15 of this Agreement.
21.5.2 Subject to the provisions of Clause 21.5.3, the O & M Payments due and payable to the Concessionaire shall be paid in 4 (four) equal quarterly instalments in an year and disbursed by the Authority together with the corresponding instalments of Annuity Payments.
21.5.3 Each instalment of O & M Payment shall be the product of the amount determined in accordance with Clause 21.5.1 and the Inflation Multiple (the “Inflation Multiple”) on the Reference Index Date preceding the due date of payment thereof. For the sake of clarity and by way of illustration, if (a). the O & M Bid is Rs.
O&M Payments