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. County shall pay Concessionaire a monthly fee of
Payment of Concession Fee. 24.3.1 The Concession Fee payable under this Agreement shall be due and payable as follows:
(a) Concession Fee 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 of Phase I]30; and
(b) [the Revenue Share shall be payable in monthly instalments. Within [7 (seven)] days of the end of each month, the Concessionaire shall pay to the Authority against the Revenue Share, a provisional amount calculated on the basis of Gross Revenue of the immediately receding 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.]31
24.3.2 The Concessionaire shall, with each payment of the Concession Fee submit: (a) a certificate that the amounts paid are correct and in accordance with the provisions of the Agreements; [
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.
