Common use of Payment of Annuity Clause in Contracts

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) over the Concession Period and will commence six calendar months from the COD. 27.2.2 The first Annuity Payment Date shall be the date falling after 6 (six) calendar months from COD. In case COD is different from the Scheduled Six-laning Date, the Annuity Payment Schedule at Schedule M shall be suitably modified. Each Annuity payment period shall be deemed to be a period of 6 (six) calendar months from the preceding Annuity Payment date. 27.2.3 Deleted; 27.2.4 Notwithstanding anything contrary contained to anywhere in this Agreement, Authority’s obligation to pay Annuity shall arise subject to and only upon occurrence of COD.

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority GOTN, HD shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) [ ] over the Concession Period and will commence six calendar months from the COD. 27.2.2 The first Annuity Payment Date payment date shall be the date falling after 6 (six) calendar months from COD. In case COD is different from the Scheduled Six-scheduled six laning Datedate, the Annuity Payment Schedule payment schedule at Schedule M shall be suitably modified. Each Annuity payment period shall be deemed to be a period of 6 (six) calendar months from the preceding Annuity Payment payment date. 27.2.3 Deleted;Delete. 27.2.4 Notwithstanding anything contrary contained to anywhere in this Agreement, AuthorityGOTN, HD’s obligation to pay Annuity shall arise subject to and only upon occurrence of COD.

Payment of Annuity. 27.2.1 25.2.1 Subject to the provisions of this Article 27 25 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 2 (thirty fivetwo) per year over the Concession Period and will commence six calendar months from the COD. 27.2.2 25.2.1 The first Annuity Payment Date shall be the date falling after 6 (six) calendar months from COD. In case COD is different from the Scheduled Six-two laning Date, the Annuity Payment Schedule at Schedule M Y shall be suitably modified. Each Annuity payment period shall be deemed to be a period of 6 (six) calendar months from the preceding Annuity Payment date. 27.2.3 Deleted; 27.2.4 Notwithstanding anything contrary contained to anywhere in this Agreement, Authority’s obligation to pay Annuity shall arise subject to and only upon occurrence of COD.

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 2 (thirty fivetwo) per year over the Concession Period and will commence six calendar months from the COD. 27.2.2 The first Annuity Payment Date shall be the date falling after 6 (six) calendar months from COD. In case COD is different from the Scheduled Sixfour-laning Date, the Annuity Payment Schedule at Schedule M shall be suitably modified. Each Annuity payment period shall be deemed to be a period of 6 (six) calendar months from the preceding Annuity Payment date. 27.2.3 Deleted; 27.2.4 Notwithstanding anything contrary contained to anywhere in this Agreement, Authority’s Authority‘s obligation to pay Annuity shall arise subject to and only upon occurrence of COD.

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) over the Concession Period and will commence from six calendar months from the COD. 27.2.2 The first Annuity Payment Date shall be the date falling after 6 (six) calendar months from COD. In case COD is different from the Scheduled Six-laning Date, the Annuity Payment Schedule at Schedule M shall be suitably modified. Each Annuity payment period shall be deemed to be a period of 6 (six) calendar months from the preceding Annuity Payment date. 27.2.3 Deleted; 27.2.4 Notwithstanding anything contrary contained to anywhere in this Agreement, Authority’s Authority‟s obligation to pay Annuity shall arise subject to and only upon occurrence of COD.