Payment to the Authority Sample Clauses

Payment to the Authority. The Authority may elect to receive its share of any Refinancing Gain as: (a) a single payment, in accordance with Section 10.1 (Payments), in an amount no greater than any Distribution made by Project Co arising as a result of the Refinancing; (b) a reduction, in accordance with Section 10.3 (Adjustments to Service Payments), in the Service Payments over the remainder of the Term; or (c) a combination of (a) and (b).
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Payment to the Authority. By no later than the twentieth (20th) day of each month during the term of this Contract, the Contractor shall pay to the Authority, the Total Gross Rental Payments due the Contractor from the Concession Operators, less the Management Fee due the Contractor. The Total Gross Rental Payments are due to the Authority for all Concession Operators in possession and operating from the Premises even if the Contractor is not paid by the Concession Operators. Collection of unpaid Total Gross Rental Payments from Concession Operators is solely the Contractor’s responsibility; the Contractor shall not be entitled to relief under this Contract in the event of any such unpaid Total Gross Receipts.
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Payment to the Authority. ‌ The Authority will receive its share of any Refinancing Gain as a reduction in the amount of the Substantial Completion Payment.
Sample 1
Payment to the Authority. The Authority may elect to receive any Refinancing Gain as: (a) a single payment to the NG-KIH Account; (b) a reduction, in accordance with Section 10.3, in the Availability Payments over the remainder of the Term; or (c) a combination of (a) and (b).
Sample 1
Payment to the Authority. 26.1.1 Effective from the COD and during the Operations Period, the Concessionaire shall pay to the Authority, Revenue Share Payment for each year of an amount equal to 26.1.2 The Revenue Share Payment for each Year shall be due and payable in quarterly installments, each installment being due within 7 (seven) days of the close of each quarter. The Concessionaire shall pay to the Authority against the Revenue Share Payment a provisional amount calculated on the basis of the Realizable Fee of the immediately preceding quarter, as certified by statutory auditor, and final settlement/verification/reconciliation in respect thereof shall be made within 30 (thirty) days of completion of the respective year, as certified by an statutory auditor.
Sample 1
Payment to the Authority. FOR ELECTRIC POWER AND ENERGY DELIVERED: Distributor agrees to pay Authority each month for electric power and energy in accordance with the terms and conditions of this agreement.
Sample 1
Payment to the Authority. ‌ 21.1 Fee payable to the Authority a. Subject to the provisions of this Agreement and in consideration of the Concessionaire accepting the Concession and Undertaking to perform and discharge its obligations in accordance with the terms, conditions and convenants set forth in this Agreement, the Concessionaire agrees to pay to the Authority the following: i. One-time upfront land premium ii. Fixed Annual Fee and iii. Percentage of Revenue Share b. The one-time upfront land premium of ₹1,30,13,500 /- (Rupees One Crore Thirty Lakhs Thirteen Thousand Five Hundred Only) shall be paid by the Concessionaire to the Authority at the time of signing of this agreement. c. The Concessionaire shall commencing from the Appointed Date pay to the authority the annual fee as below: Timeline Amount Appointed Date = A ₹50.00 lakhs A + 12 months ₹50.00 lakhs A + 24 months ₹50.00 lakhs A + 36 months ₹57.50 lakhs A + 48 months ₹57.50 lakhs A + 60 months ₹57.50 lakhs A + 72 months ₹66.13 lakhs A + 84 months ₹66.13 lakhs A + 96 months ₹66.13 lakhs A + 108 months ₹76.04 lakhs A + 120 months ₹76.04 lakhs A + 132 months ₹76.04 lakhs A + 144 months ₹87.45 lakhs A + 156 months ₹87.45 lakhs A + 168 months ₹87.45 lakhs A + 180 months ₹100.57 lakhs A + 192 months ₹100.57 lakhs A + 204 months ₹100.57 lakhs A + 216 months ₹120.68 lakhs A + 228 months ₹120.68 lakhs A + 240 months ₹120.68 lakhs A + 252 months ₹144.82 lakhs A + 264 months ₹144.82 lakhs A + 276 months ₹144.82 lakhs A + 288 months ₹173.78 lakhs A + 300 months ₹173.78 lakhs A + 312 months ₹173.78 lakhs A + 324 months ₹208.54 lakhs A + 336 months ₹208.54 lakhs A + 348 months ₹208.54 lakhs A + 360 months ₹250.25 lakhs A + 372 months ₹250.25 lakhs A + 384 months ₹250.25 lakhs A + 396 months ₹300.29 lakhs A + 408 months ₹300.29 lakhs A + 420 months ₹300.29 lakhs A + 432 months ₹360.35 lakhs A + 444 months ₹360.35 lakhs A + 456 months ₹360.35 lakhs A + 468 months ₹432.42 lakhs A + 480 months ₹432.42 lakhs A + 492 months ₹432.42 lakhs A + 504 months ₹518.91 lakhs A + 516 months ₹518.91 lakhs A + 528 months ₹518.91 lakhs d. Apart from the One-time Upfront Land Premium and Fixed Annual Fee, the Concessionaire shall pay the Authority % of the Gross Revenue generated from the Project facilities. e. The payment towards revenue sharing has to be made to the Authority on quarterly basis. The Gross Revenue generated till 30th June, 30th September, 31st December and 31st March of every year shall be the basis for estimation of Revenue Sharing...
Sample 1
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Payment to the Authority. 26.1.1 Effective from the COD and during the Operations Period, the Concessionaire shall pay to the Authority, Revenue Share Payment for each year of an amount equal to <<to be quoted by the bidder on and above 5.0%>> of the Realizable Fee, as certified by an auditor, through a demand bank draft drawn in favour of the Authority (“Revenue Share Payment”). 26.1.2 The Revenue Share Payment for each Year shall be due and payable in quarterly installments, each installment being due within 7 (seven) days of the close of each quarter. The Concessionaire shall pay to the Authority against the Revenue Share Payment a provisional amount calculated on the basis of the Realizable Fee of the immediately preceding quarter, as certified by statutory auditor, and final settlement/verification/reconciliation in respect thereof shall be made within 30 (thirty) days of completion of the respective year, as certified by an statutory auditor.
Sample 1

Related to Payment to the Authority

  • Notice to the Authority No later than [45 (forty five)] days prior to commencement of the Construction Period or the Operation Period, as the case may be, the Concessionaire shall by notice furnish to the Authority, in reasonable detail, information in respect of the insurances that it proposes to effect and maintain in accordance with this Article 27. Within [30 (thirty)] days of receipt of such notice, the Authority may require the Concessionaire to effect and maintain such other insurances as may be necessary pursuant hereto, and in the event of any difference or disagreement relating to any such insurance, the Dispute Resolution Procedure in Article 39 shall apply.

  • Repayment to the Company Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once in The New York Times or The Wall Street Journal (national edition) or send to each Holder entitled to such money, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

  • REIMBURSEMENT TO THE ADVISOR The Company shall not reimburse the Advisor for Total Operating Expenses to the extent that Total Operating Expenses (including the Asset Management Fee), in the four consecutive fiscal quarters then ended (the “Expense Year”) exceed (the “Excess Amount”) the greater of 2% of Average Invested Assets or 25% of Net Income for that period of four consecutive fiscal quarters. Any Excess Amount paid to the Advisor during a fiscal quarter shall be repaid to the Company. Reimbursement of all or any portion of the Total Operating Expenses that exceed the limitation set forth in the preceding sentence may, at the option of the Advisor, be deferred without interest and may be reimbursed in any subsequent Expense Year where such limitation would permit such reimbursement if the Total Operating Expense were incurred during such period. Notwithstanding the foregoing, if there is an Excess Amount in any Expense Year and the Independent Directors determine that all or a portion of such excess was justified, based on unusual and nonrecurring factors which they deem sufficient, the Excess Amount may be reimbursed to the Advisor. If the Independent Directors determine such excess was justified, then, after the end of any fiscal quarter of the Company for which there is an Excess Amount for the 12 months then ended paid to the Advisor, the Advisor, at the direction of the Independent Directors, shall cause such fact to be disclosed in the next quarterly report of the Company or in a separate writing and sent to the Stockholders within 60 days of such quarter end, together with an explanation of the factors the Independent Directors considered in determining that such Excess Amount was justified. Such determination shall be reflected in the minutes of the meetings of the Board. The Company will not reimburse the Advisor or its Affiliates for services for which the Advisor or its Affiliates are entitled to compensation in the form of a separate fee. All figures used in any computation pursuant to this Section 3.04 shall be determined in accordance with generally accepted accounting principles applied on a consistent basis.

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

  • Pursuant to the Act The Company has filed with the Commission a registration statement and any amendment thereto, on Form S-1 (File No. 333-[●]), including any related preliminary prospectus (the “Preliminary Prospectus”, including any prospectus that is included in the registration statement immediately prior to the effectiveness of the registration statement), for the registration of the Units under the Act, which registration statement and amendment or amendments have been prepared by the Company in conformity with the requirements of the Act, and the rules and regulations (the “Regulations”) of the Commission under the Act. The conditions for use of Form S-1 to register the Offering under the Act, as set forth in the General Instructions to such Form, have been satisfied. Except as the context may otherwise require, such registration statement, as amended, on file with the Commission at the time the registration statement became effective, including the prospectus, financial statements, schedules, exhibits and all other documents filed as a part thereof or incorporated therein and all information deemed to be a part thereof as of such time pursuant to Rule 430A of the Regulations, together with the registration statement filed by the Company pursuant to Rule 462(b) under the Act registering additional Public Securities (the “Rule 462(b) Registration Statement”), is hereinafter called the “Registration Statement,” and the form of the final prospectus dated the Effective Date included in the Registration Statement (or, if applicable, the form of final prospectus containing information permitted to be omitted at the time of effectiveness by Rule 430A of the Regulations, filed by the Company with the Commission pursuant to Rule 424 of the Regulations), is hereinafter called the “Prospectus.” For purposes of this Agreement, “Applicable Time,” as used in the Act, means 5:00 p.m. New York City time, on the date of this Agreement. Prior to the Applicable Time, the Company prepared a Preliminary Prospectus, which was included in the Registration Statement filed on [●], 2021, for distribution by the Underwriters (such Preliminary Prospectus used most recently prior to the Applicable Time, the “Statutory Prospectus”). Other than the Registration Statement, together with any correspondence letters between the Company and/or counsel for the Company and the Commission, no other document with respect to the Registration Statement has been filed under the Act with the Commission. All of the Public Securities have been or will be registered for public sale under the Act pursuant to the Registration Statement. The Registration Statement has been declared effective by the Commission on the date hereof. If, subsequent to the date of this Agreement, the Company or the Representative determines that, at the Applicable Time, the Statutory Prospectus included an untrue statement of a material fact or omitted a statement of material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading and the Company and the Representative agree to provide an opportunity to purchasers of the Units to terminate their old purchase contracts and enter into new purchase contracts, then the Statutory Prospectus will be deemed to include any additional information available to purchasers at the time of entry into the first such new purchase contract.

  • Indemnity to the Agent The Borrower shall promptly indemnify the Agent against any cost, loss or liability incurred by the Agent (acting reasonably) as a result of: (a) investigating any event which it reasonably believes is a Default; or (b) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised.

  • Payments to the Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plans.

  • Payment to Brokers Upon the execution of this Lease by both Parties, Lessor shall pay to said Broker(s) jointly, or in such separate shares as they may mutually designate in writing, a fee as set forth in a separate written agreement between Lessor and said Broker(s) (or in the event there is no separate written agreement between Lessor and said Broker(s), the sum of $ N/A) for brokerage services rendered by said Broker(s) in connection with this transaction.

  • Repayment to the Issuer Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium or interest on, any Note and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Issuer on its written request unless an abandoned property law designates another Person or (if then held by the Issuer) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuer for payment thereof unless an abandoned property law designates another Person, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Issuer cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer.

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