Common use of Payment of Concession Fee Clause in Contracts

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 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 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 Raikot Gurdaspur against the AACF (Optional Commercial Component).

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 date550th (five hundred and fiftieth) of mandatory bus terminal component day from the Appointed Date in yearly instalment. Within 7 (seven) days from the COD550th 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 Raikot Patiala 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-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 Patiala against the AACF (Optional Commercial Component).

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 date550th (five hundred and fiftieth) of mandatory bus terminal component day from the Appointed Date in yearly instalment. Within 7 (seven) days from the COD550th 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 Raikot against 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 Raikot Gurdaspur against the AACF (Optional Commercial Component).Component).‌