Payment of Concession Fee. The Concession Fee payable under the provisions of this Article 26 shall be due and payable in monthly instalments. Within 7 (seven) days of the close of each month, the Concessionaire shall pay to the Authority against the Concession Fee, a provisional amount calculated on the basis of total Realisable Fee of the immediately preceding month, and final settlement thereof, based on audited accounts of the Concessionaire, shall be made within 120 (one hundred and twenty) days of completion of the respective Accounting Year.
Payment of Concession Fee. 24.2.1 The Concession Fee and the Additional Concession Fee (if any) to be paid by the Concessionaire shall be due and payable within [15 (fifteen)] days of the commencement of the Accounting Year. Provided that the Concession Fee for the First Accounting Year shall be paid within [15 (fifteen)] days of the occurrence of the COD
24.2.2 The Concessionaire shall, with each payment of the Concession Fee and Additional Concession Fee submit: (a) a certificate that the amounts paid are correct and in accordance with the provisions of the Agreements; (b) details in respect of Taxes/duties payable/reimbursable in accordance with the provisions of this Agreement; (c) details in respect of other Damages payable in accordance with the provisions of this Agreement; and
Payment of Concession Fee. The Concession Fee shall be due and payable by the Concessionaire within [15 (fifteen)] days of the commencement of the Accounting Year.
Payment of Concession Fee. The Concession Fee payable under the provisions of this Article 26 shall be due and payable in monthly instalments, within 7 (seven) days of the close of each month. $ In the event of the Concessionaire seeking a Grant under Clause 25.1 of this Agreement, Clauses 26.2 to 26.5 shall be omitted.
Payment of Concession Fee. The Concession Fee payable under the provisions of this Article 26 shall be due and payable in monthly instalments. Within 7 (seven) days of the receipt of the payment of User Fee of each month, the Concessionaire shall pay to the MOR against the Concession Fee, a provisional amount calculated on the basis of total [User Fee] of the relevant preceding month, and final settlement thereof, based on audited accounts of the Concessionaire, shall be made within 120 (one hundred and twenty) days of completion of the respective Accounting Year. $ In case no Grant is sought by the bidder, it may offer a Premium specifying the percentage of total User Fee.
Payment of Concession Fee. The Concession Fee and Additional Annual Concession Fee payable under the provisions of this Article 26 shall be due and payable on COD ( commercial operation date) of mandatory bus terminal component in yearly instalment. Within 7 (seven) days from the COD, the Concessionaire shall pay to the Concessioning Authority in the form of demand draft/pay order in favour of (to be specified by the Concessioning Authority) payable at Gurdaspuragainst the Additional Annual Concession Fee. The AACF (Optional Commercial Component) payable under the provisions of Article 26.2.3 shall be due and payable on completion of a planned construction phase of the Optional commercial built-up area component and issuance of completion certificate (for optional commercial built-up area phase) by the Independent Engineer and/ or Nodal Officer/ Project Engineer of Concessioning Authority. The AACF (Optional Commercial Component) shall be paid in yearly instalment. Within 7 (seven) days from issuance of completion certificate (optional commercial built-up area), the Concessionaire shall pay to the Concessioning Authority in the form of demand draft/pay order in favour of (to be specified by the Concessioning Authority) payable at Gurdaspur against the AACF (Optional Commercial Component).
Payment of Concession Fee. The Developer acknowledges that the Concession Fee is due in full on the Financial Close Date. The Department, however, will permit the Developer, at its election, to pay the Concession Fee in two installments, as described in this Section 7.05.
Payment of Concession Fee. The Concession Fee payable under the provisions of this Article 27 shall be due and payable in 4 (four) quarterly instalments per annum. For the Revenue Share payable in accordance with Clause 27.2, within 7 (seven) days of close of each quarter, the Concessionaire shall pay to the Authority, a provisional amount calculated on the basis of total Gross Revenue of the immediately preceding quarter, and final settlement thereof, based on audited accounts of the Concessionaire, shall be made within 120 (one hundred and twenty) days of completion of the respective Accounting Year except for the last Accounting Year of the Concession Period. The quarterly payment, or part thereof as the case may be, of the last Accounting Year of the Concession Period shall be payable by the Concessionaire based on actual Gross Revenue received during the particular quarter(s), or part thereof, within 7 (seven) days of the close of such quarter or part thereof.
Payment of Concession Fee. The Concession Fee and Additional Annual Concession Fee payable under the provisions of this Article 26 shall be due and payable on completion of 550th (five hundred and fiftieth) day from the Appointed Date in yearly instalment. Within 7 (seven) days from the 550th day, the Concessionaire shall pay to the Concessioning Authority in the form of demand draft/pay order in favour of (to be specified by the Concessioning Authority) payable at Gurdaspuragainst the Additional Annual Concession Fee. The AACF (Optional Commercial Component) payable under the provisions of Article 26.2.3 shall be due and payable on completion of a planned construction phase of the Optional commercial built-up area component and issuance of completion certificate (for optional commercial built-up area phase) by the Independent Engineer and/ or Nodal Officer/ Project Engineer of Concessioning Authority. The AACF (Optional Commercial Component) shall be paid in yearly instalment. Within 7 (seven) days from issuance of completion certificate (optional commercial built-up area), the Concessionaire shall pay to the Concessioning Authority in the form of demand draft/pay order in favour of (to be specified by the Concessioning Authority) payable at Gurdaspur against the AACF (Optional Commercial Component).
1 For an example, if the Concessionaire shall plan to construct Optional Commercial Built-up Area of 1,50,000 sq. ft. and offers an AACF Rs. 46 Lac and plan to construct it in two phases of (i) 100,000 sq. ft. in 1st phase and (ii) 50,000 sq. ft., in 2nd phase, then Concessionaire shall have to pay AACF- Optional Commercial Component, @ Rs. 46,00,000 / 46,000 sq. ft. x 1,00,000 sq. ft. = Rs. One Crore (per year) plus applicable escalation, @ 4 % per annum (compounded), towards 1st phase and (ii) Rs. 100 x 50,000sq. ft. = Rs. 50 Lac (per year), plus applicable escalation @4 % per annum (compounded), towards 2nd phase, based on the actual year of construction of additional optional commercial built-up area during the period of concession. The annual escalation shall be calculated from 550th (five hundred & fiftieth) day from the Appointed Date.
Payment of Concession Fee. County shall pay Concessionaire a monthly fee of
