Common use of Payments of Royalty Clause in Contracts

Payments of Royalty. a) The Concessionaireshallpay to the Concessioning Authority Royaltyper Monthequal to Rs.******per {MT of cargo} handled during the month. (“the Royalty”), provided if actual annual cargois lesser than Minimum Guaranteed Cargo as per Clause 7.1 a (xii) the Minimum Guaranteed Cargo shall be considered for calculation of applicable Royalty and any shortfall in Royalty thus calculated at quoted Royalty shall be payable along with the Royalty payment of the last month of the Financial Year. b) In case any discount or incentives are mandated by Government Authorities to be applicable on certain cargo types or nature of cargoes, the Royalty Payments for such cargo types handled by the Concessionaire shall be subjected to same level of discounts. c) Royalty per MT of cargo handled will be indexed to as per the variations in the Wholesale PriceIndex (WPI) annually. d) The Royalty for each Month shall be paid on or before the seventh Day of the immediately succeeding Month. e) The payment of the Royalty shall commence from the Month in which the Concessionaire commences to provide any Project Facilities and Services and shall be irrespective of COD. f) The Royalty amounts remaining unpaid on respective due dates would carry interest at rate equal to 3% above the Bank Rate per annum from the due date till the date of payment or realization thereof.

Payments of Royalty. a) The Concessionaireshallpay Concessionaire shall pay to the Concessioning Authority Royaltyper Monthequal Royalty per Month equal to Rs.******per Rs.****** per {MT of cargo} cargo/ TEUs}26 handled during the month. (“the Royalty”), provided if actual annual cargois cargo/TEUs handled is lesser than Minimum Guaranteed Cargo as per Clause 7.1 a (xii) the Minimum Guaranteed Cargo shall be considered for calculation of applicable Royalty and any shortfall in Royalty thus calculated at quoted Royalty shall be payable along with the Royalty payment of the last month of the Financial Year. b) In case any discount or incentives are mandated by Government Authorities to be applicable on certain cargo types or nature of cargoes, the Royalty Payments for such cargo types handled by the Concessionaire shall be subjected to same level of discounts. c) Royalty per MT of cargo handled cargo/ TEUs will be indexed to as per the variations in the Wholesale PriceIndex Price Index (WPI) annually. d) The Royalty for each Month shall be paid on or before the seventh Day of the immediately succeeding Month. e) The payment of the Royalty shall commence from the Month in which the Concessionaire commences to provide any Project Facilities and Services and shall be irrespective of COD. f) The Royalty amounts remaining unpaid on respective due dates would carry interest at a rate equal to 3% above the Bank Rate per annum from the due date till the date of payment or realization thereof.

Payments of Royalty. (a) The Concessionaireshallpay Concessionaire shall pay to the Concessioning Authority Royaltyper Monthequal Royalty per Month equal to Rs.******per Rs.****** per {MT of cargo} cargo/ TEUs}26 handled during the month. (“the Royalty”), provided if actual annual cargois cargo/TEUs handled is lesser than Minimum Guaranteed Cargo as per Clause Clause 7.1 a (xii) the Minimum Guaranteed Cargo shall be considered for calculation of applicable Royalty and any shortfall in Royalty thus calculated at quoted Royalty shall be payable along with the Royalty payment of the last month of the Financial Year. (b) In case any discount or incentives are mandated by Government Authorities to be applicable on certain cargo types or nature of cargoes, the Royalty Payments for such cargo types handled by the Concessionaire shall be subjected to same level of discounts. (c) Royalty per MT of cargo handled cargo/ TEUs will be indexed to as per the variations in the Wholesale PriceIndex Price Index (WPI) annually. (d) The Royalty for each Month shall be paid on or before the seventh Day of the immediately succeeding Month. (e) The payment of the Royalty shall commence from the Month in which the Concessionaire commences to provide any Project Facilities and Services and shall be irrespective of COD. (f) The Royalty amounts remaining unpaid on respective due dates would carry interest at rate equal to 3% above the Bank Rate per annum from the due date till the date of payment or realization thereof.