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. 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. The Developer shall make/ensure payments to the Concessioning Authority as per Article 6.
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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. 71 ARTICLE 10 76 ASSETS: OWNERSHIP AND PERMITTED CHARGE 76 10.1 Ownership of Assets 76 (a) Land and Water Area 76 (b) Assets created or provided by the Concessionaire 76 10.2 Permitted Charge on Assets 77 11.1 Ownership Structure 78 11.2 Shareholding 78 11.3 Constituent Documents 79
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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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Payments to the Concessioning Authority. 46 9.1 License Fee 46
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Related to Payments to the Concessioning Authority

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • 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.

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • 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.

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • 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: (i) If the request is for disbursement to a Contractor, an invoice submitted to the Recipient by the Contractor which invoice requests payment of such sums in connection with its performance of the Project; (ii) If the request is for disbursement to the Recipient pursuant to Paragraph (A)(4)(b) of Rule 164-1-22 of the Administrative Code, a xxxx of sale, paid invoice or other evidence satisfactory to the Director that payment of such sums has been made by the Recipient in connection with the portion of the Project for which payment is requested; (iii) The Project Manager's certification pursuant to Section 6(b) of this Agreement; (iv) The Disbursement Request Form and Certification in the form set forth as Appendix E of this Agreement properly executed by the Chief Fiscal Officer and the Chief Executive Officer; and (v) Such other certificates, documents and other information as the Director may reasonably require. If the Director finds that the documents are in compliance with the requirements of this Agreement, the Director is authorized and directed to cause the disbursement of moneys from the Fund for payment of the identified Project costs. A copy of all such documents submitted to the Director shall be retained by the Director. The Recipient represents that the Project was initially constructed, installed or acquired by the Recipient no earlier than the execution date of this Agreement.

  • AMENDMENTS TO THE CONTRACT This Contract shall not be altered, amended, or modified by oral representation made before or after the execution of this Contract. All amendments or changes of any kind must be in writing, executed by all Parties.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Interconnection Customer Payments Not Taxable The Parties intend that all payments or property transfers made by the Interconnection Customer to the Participating TO for the installation of the Participating TO's Interconnection Facilities and the Network Upgrades shall be non-taxable, either as contributions to capital, or as a refundable advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

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