Common use of Payment of Bid Project Cost Clause in Contracts

Payment of Bid Project Cost. 21.2.1. 60% (sixty per cent) of the Bid Project Cost shall be due and payable to the Concessionaire in 3 (three) unequal instalments during the Construction Period in accordance with the provisions of Clause 21.3. 21.2.2. The remaining Bid Project Cost shall be due and payable in 19 (nineteen) biannual instalments commencing from completion of 6 (six) months from COD in accordance with the provisions of 21.4.

Appears in 1 contract

Samples: Concession Agreement

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Payment of Bid Project Cost. 21.2.1. 6023.3.1 40% (sixty forty per cent) of the Bid Project Cost , adjusted for the Price Index Multiple, shall be due and payable to the Concessionaire in 3 10 (threeten) unequal instalments equal installments of 4% (four per cent) each during the Construction Period in accordance with the provisions of Clause 21.323.4. 21.2.2. 23.3.2 The remaining Bid Project Cost Cost, adjusted for the Price Index Multiple, shall be due and payable in 19 30 (nineteenthirty) biannual instalments installments commencing from completion the 180th (one hundred and eightieth) day of 6 (six) months from COD in accordance with the provisions of 21.4Clause 23.6.

Appears in 1 contract

Samples: Concession Agreement

Payment of Bid Project Cost. 21.2.1. 6050% (sixty fifty per cent) of the Bid Project Cost shall be due and payable to the Concessionaire in 3 (three) unequal instalments during the Construction Period in accordance with the provisions of Clause 21.3. 21.2.2. The remaining Bid Project Cost shall be due and payable in 19 (nineteen) biannual instalments commencing from completion of 6 (six) months from COD in accordance with the provisions of 21.4.

Appears in 1 contract

Samples: Concession Agreement

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Payment of Bid Project Cost. 21.2.1. 6023.3.1 50% (sixty fifty per cent) of the Bid Project Cost , adjusted for the Price Index Multiple, shall be due and payable to the Concessionaire in 3 5 (threefive) unequal instalments equal installments of 10% (Ten per cent) each during the Construction Period in accordance with the provisions of Clause 21.323.4. 21.2.2. 23.3.2 The remaining Bid Project Cost Cost, adjusted for the Price Index Multiple, shall be due and payable in 19 30 (nineteenthirty) biannual instalments installments commencing from completion the 180th (one hundred and eightieth) day of 6 (six) months from COD in accordance with the provisions of 21.4Clause 23.6.

Appears in 1 contract

Samples: Concession Agreement

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