Operational Grant. The Operational Grant up to 25% of NPV of O&M Expenses shall be disbursed annually for the first five years post achieving Operation Date based on audited annual accounts and shall be subject to the lower of the annual O&M Expenses quoted by the Concessionaire at the time of the bid and actual O&M Expenses incurred (“Operational Grant”).]
Appears in 6 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
