Payments to the Concessioning Authority Sample Clauses

Payments to the Concessioning Authority. The Concessionaire shall make/ensure payments to the Concessioning Authority as per Article 9.
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Payments to the Concessioning Authority. 66 9.1 LICENSE FEE 66 9.2 PAYMENTS OF ROYALTY 66 9.3 UTILITIES OR SERVICES 67 9.4 CERTIFIED ACCOUNTS 67 9.5 ESCROW ACCOUNT 69
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Payments to the Concessioning Authority. 9.1 License Fee..........................................................................................................................
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Payments to the Concessioning Authority. Payment Terms The Concessionaire shall pay the Concessioning Authority the license fee for land as below: At the time of signing of Concession Agreement (A) ₹1.90 crores A + 12 months ₹1.14 crores A + 24 months ₹1.14 crores A + 36 months ₹1.14 crores A + 48 months ₹1.14 crores A + 60 months ₹1.14 crores A + 72 months ₹1.14 crores A + 84 months ₹1.14 crores A + 96 months ₹1.14 crores A + 108 months ₹1.14 crores A + 120 months ₹1.14 crores A + 132 months ₹1.14 crores A + 144 months ₹1.14 crores A + 156 months ₹1.14 crores A + 168 months ₹1.14 crores A + 180 months ₹1.14 crores The Concessionaire shall pay the Concessioning Authority on monthly basis the amount whichever is higher among the following: Cargo handled per month X Approved cargo charges ( MGT / 12 ) X Approved cargo charges 7% of the Gross Revenue The cargo charges for every month has to be remitted before 5th of the succeeding month. If 5th is a banking holiday in the geographical region, the amount has to be remitted on the next working day. An escalation of 15% on the cargo charges will be considered after completion of every three financial years and the bidder is bound to pay the same to TNMB (i.e.) An increase of 15% on the cargo charges approved for the first year will be considered for the fourth year and 15% increase of the fourth year rate will be considered for seventh year and so on. For the purpose of same, the start of financial year (i.e) 1st of April will be considered as the start of a year. A mobilization period of 12 months from the date of signing of this agreement shall be permitted to mobilize the resources for commencing port operations. No extension shall be given beyond this period. During mobilization period, the Concessionaire shall not be liable to pay the Concessioning Authority any amount as per Article 7.1 (b). If the closure of financial year is more than 90 days from the date of completion of mobilization period, the same will be treated as a full financial year for the purpose of applying increase in cargo charges. Gross Revenue means and includes, Gross income generated from the operation of the port or any other service in respect of vessels and cargo as audited by audit firms approved by Accountant General including but not limited to berth hire, pilotage, tug assistance fee, hire charges for flotilla, towage, stevedoring, wharfage, transhipment, lighterage, intraport transportation, demurrage, storage, cargo handling including stuffing and destuffing of conta...
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Payments to the Concessioning Authority. 39 9.1 (A)(a)(i) License Fee 39 9.3 Utilities or Services 40 9.4 Certified Accounts 41 9.5 Escrow Account 41
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Payments to the Concessioning Authority. 9.1 (A)(a)(i)
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Payments to the Concessioning Authority. The Developer shall make/ensure payments to the Concessioning Authority as per Article 6.
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Payments to the Concessioning Authority. 71 9.1 License Fee 71 9.2 Payments of Royalty 71 9.3 ADDTIONAL LAND, UTILITIES OR SERVICES 72 9.4 Certified Accounts 72 9.5 Escrow Account 73 ARTICLE 10 76 ASSETS: OWNERSHIP AND PERMITTED CHARGE 76
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Payments to the Concessioning Authority. 59 9.1 Payment of Annual Fee 59 9.2 Upfront Fee 59 9.3 Rental Share 59 9.4 Additional Utilities or Services 63 9.5 Certified Accounts 63 9.6 Escrow Account 64
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Related to Payments to the Concessioning Authority

  • PAYMENTS TO THE ARCHITECT/ENGINEER 6.1. In all events, the ARCHITECT/ENGINEER shall submit his/her completed itemized accounting of all costs monthly to the State, and the State shall make all payments within 30 days of receipt of an error-free invoice.

  • PAYMENTS TO THE CONSULTANT (a) Payments of undisputed amounts are due and payable within sixty (60) days after the City’s receipt of an invoice from the Consultant. Undisputed amounts unpaid after sixty (60) days from the City’s receipt of such invoice shall bear interest at the rate of three percent (3%) per annum.

  • PARTIES TO THE CONTRACT This Contract is solely between the Company and the SBA which administers the FHCF. In no instance shall any insured of the Company or any claimant against an insured of the Company, or any other third party, have any rights under this Contract, except as provided in Article XIV. The SBA will only disburse funds to the Company, except as provided for in Article XIV of this Contract. The Company shall not, without the prior approval of the Office of Insurance Regulation, sell, assign, or transfer to any third party, in return for a fee or other consideration any sums the FHCF pays under this Contract or the right to receive such sums.

  • Development Requirements The exterior wall standards set forth in this section shall apply to the structures located on the Property. At least ninety percent (90%) of the combined exterior surface area of all walls, including all stories of buildings / structures, shall consist of stone, brick, painted or tinted stucco, and factory tinted (not painted) split faced concrete masonry unit or similar material approved by the Director of Planning.

  • Specific Order Processes and Requirements 1. Distributor will order Software from SAP using and filling out completely such forms and minimum order requirements as SAP may prescribe from time to time and must comply with any then-current order process for the specific Software product. Where applicable, Distributor agrees to use the electronic means provided by SAP for placing orders.

  • Contractor’s Xxxxxxxx to City Compensation. The Contractor shall send invoices to the City on a monthly or bi-monthly basis for the amounts to be paid pursuant to this contract. Each invoice shall document, to the reasonable satisfaction of the City: such information as may be reasonably requested by the City. Within 60 days after the City receives an invoice, the City shall send the Contractor a check in payment for all undisputed amounts contained in the invoice.

  • Procurement Requirements The below listed provisions of State Procurement requirements shall be complied with throughout the contract period:

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • Disbursements to Contractors to Pay Costs of the Project The Recipient shall require that as work on the Project and as specified in its contract is performed a Contractor shall promptly submit a detailed project specific invoice to the Project Manager. Within three (3) Business Days following receipt of such invoice from a Contractor, the Project Manager shall review the invoice and, if found to be accurate, shall so certify in writing, forwarding such certification together with a copy of the invoice to the Chief Fiscal Officer. Within five (5) Business Days following receipt of such invoice and certification from the Project Manager, the Chief Fiscal Officer shall conduct such reviews as he considers appropriate and, if he approves such invoice, shall submit to the Director a Disbursement Request together with the information and certifications required by this Section 6(b). The dollar amount set forth in the Disbursement Request shall be calculated based on the Participation Percentage as set forth originally in Appendix D of this Agreement or as may be adjusted from time to time to account for changed conditions in the project financing scheme. Within five (5) Business Days following receipt of the Disbursement Request and all required information and certifications, the Director shall, if such items are deemed by the Director to be accurate and completed, initiate a voucher in accordance with applicable State requirements for the payment of the amount set forth in the Disbursement Request. Upon receipt of a warrant from the Auditor of State drawn in connection with a voucher initiated in accordance with the terms of the preceding sentence, the Director shall forward it by regular first class United States mail or electronic funds transfer, to the contractor or other authorized recipient designated in the Disbursement Request. Prior to any disbursement from the Fund, the following documents shall be submitted to the Director by the Recipient:

  • ARRANGING FOR FIRM ALL-REQUIREMENTS POWER SUPPLY Competitive Supplier shall participate in or make appropriate arrangements with the ISO-NE, any relevant regional transmission organization, wholesale suppliers or any other entity to ensure an uninterrupted flow of reliable, safe, firm, All-Requirements Power Supply to the Local Distributor for delivery to Participating Consumers, and take Commercially Reasonable steps to cooperate with the NEPOOL, the ISO-NE or any other entity to ensure a source of back-up power in the event that the facilities owned or controlled by Competitive Supplier's affiliates or other sources of power supply are unable to generate and/or deliver All-Requirements Power Supply to the Point of Delivery. In the event the Competitive Supplier is unable to deliver sufficient electricity to the grid to serve Participating Consumers, the Competitive Supplier shall utilize such arrangements as may be necessary to continue to serve Participating Consumers under the terms of this ESA, and shall bear any costs it may incur in carrying out these obligations. Competitive Supplier shall not be responsible to the Town or any Participating Consumers in the event the Local Distributor disconnects, curtails or reduces service to Participating Consumers (notwithstanding whether such disconnection is directed by the ISO- NE) in order to facilitate construction, installation, maintenance, repair, replacement or inspection of any of the Local Distributor’s facilities, to maintain the safety and reliability of the Local Distributor’s electrical system, or due to any other reason, including emergencies, forced outages, potential overloading of the Local Distributor’s transmission and/or distribution circuits, Force Majeure or the non-payment of any distribution service costs or other such costs due for services provided by the Local Distributor to a Participating Consumer.

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