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
Payment of Concession Fee. 30.4.1 The Concession Fee shall be due and payable by the Concessionaire within [15 (fifteen)] days of the commencement of the Accounting Year. Intentionally Left Blank
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 and Additional Annual Concession Fee payable under the provisions of this Article 26 shall be due and payable on completion of 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 Raikot against 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 Raikot against the AACF (Optional Commercial Component).
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 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 (including the Additional Concession Free) payable under the provision of this Article 19 shall become due and payable from COD, and shall be paid annually in advance within 7 days of the start of each financial year. For the financial year in which COD occurs, the Concession fee (including the Additional Concession Free) should be paid on COD. ARTICLE20 20 USER CHARGES
Payment of Concession Fee. The Minimum Guaranteed Annual Concession Fee payable under the provisions of this Article 23 shall be due and payable in advance in 1 (one) annual installment per annum within 15 (fifteen) days of the expiry of the previous one-year period. Provided that the first installment of the Concession Fee shall fall due on the Appointed Date but shall be payable prior to the signing of the Concession Agreement. For the avoidance of doubt, the second installment of the Minimum Guaranteed Annual Concession Fee shall be payable within 15 days of the expiry of the one-year period staring from the Appointed Date along with the excess revenue share if payable (i.e., in case the 5% of the total turnover from operations exceeds the minimum guaranteed revenue share, the differential amount shall be payable along with the minimum guaranteed concession fee applicable for the next year) As an illustration, if the Appointed Date is 1st May 2023, the Concession Fee for the first year shall be payable prior to signing of the Concession Agreement. The Concession Fee for the second year shall be payable latest by 15th May 2024. The Concession Fee for the third year shall be payable latest by 15th May 2025, and so on.
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.
