Common use of O&M Support Clause in Contracts

O&M Support. 25.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”). 25.3.2 The O&M Support shall be disbursed by the Authority in quarterly instalments and the first such instalment shall be released within 90 (ninety) days of COD. Each instalment shall be a sum equal to 7.5% (seven point five per cent) of the Equity Support and such instalments shall be disbursed by the Authority until the Grant is exhausted.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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O&M Support. 25.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”). 25.3.2 The O&M Support shall be disbursed by the Authority MPRDC in quarterly instalments and the first such instalment shall be released within 90 (ninety) days of COD. Each instalment shall be a sum equal to 7.5% 5 (seven point five five) per cent) cent of the Equity Support and such instalments shall be disbursed by the Authority MPRDC until the Grant is exhausted.

Appears in 1 contract

Samples: Concession Agreement

O&M Support. 25.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”). 25.3.2 The O&M Support shall be disbursed by the Authority Government in quarterly instalments and the first such instalment shall be released within 90 (ninety) days of COD. Each instalment shall be a sum equal to 7.5% 5 (seven point five five) per cent) cent of the Equity Support and such instalments shall be disbursed by the Authority Government until the Grant is exhausted.

Appears in 1 contract

Samples: Concession Agreement

O&M Support. 25.3.1 The balance of the Grant, Grant if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service Services of the Project project (the “O&M Support”)) . 25.3.2 The O&M Support shall be disbursed by the Authority MPRDC in quarterly instalments and installment ad the first such instalment installment shall be released within 90 (ninety) days of COD. Each instalment installment shall be a sum equal to 7.5% 5 (seven point five five) per cent) cent of the Equity Support and such instalments installments shall be disbursed by the Authority MPRDC until the Grant is exhausted.

Appears in 1 contract

Samples: Concession Agreement

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O&M Support. 25.3.1 The balance of the Grant, if any, remaining after disbursement of the Equity Support shall be disbursed to the Concessionaire in accordance with Clause 25.3.2 for meeting O&M Expenses and Debt Service of the Project (the “O&M Support”). 25.3.2 The O&M Support shall be disbursed by the Authority in quarterly instalments and the first such instalment shall be released within 90 (ninety) days of COD. Each instalment shall be a sum equal to 7.5% 5 (seven point five five) per cent) cent of the Equity Support and such instalments shall be disbursed by the Authority until the Grant is exhausted.

Appears in 1 contract

Samples: Transmission Agreement

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