Common use of Rate of Escalation Clause in Contracts

Rate of Escalation. a) License Fees shall be subject to annual escalation of 10% compounded annually. b) The first annual escalation will be applicable after completion of one year + six months of license period. Thereafter the same will be applicable after completion of subsequent one year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months of license are completed (date on which first escalation is applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.

Rate of Escalation. a) a. License Fees shall be subject to annual escalation of 10% compounded annually. b) b. The first annual escalation will be applicable after completion of one year + six months of license period. Thereafter the same will be applicable after completion of subsequent one year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months of license are completed (date on which first escalation is escalationis applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.

Rate of Escalation. a) a. License Fees shall be subject to annual escalation of 10% compounded annually. b) b. The first annual escalation will be applicable after completion of one year + six months of license period. Thereafter the same will be applicable after completion of subsequent one year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months of license are completed (date on which first escalation is applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.

Rate of Escalation. a) a. License Fees shall be subject to annual escalation of 10% compounded annually.of b) b. The first annual escalation will be applicable after completion of one year + +six months of license period. Thereafter the same will be applicable after completion of subsequent one year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months of license are completed (date on which first escalation is applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.

Rate of Escalation. a) i. License Fees shall be subject to annual escalation of 10% compounded annually%. b) ii. The first annual escalation will be applicable after completion of one year + six months of license period. Thereafter the same will be applicable after completion of subsequent one year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months of license are completed (date on which first escalation is applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.

Rate of Escalation. a) a. License Fees shall be subject to annual escalation of 10% compounded annually%. b) b. The first annual escalation will be applicable after completion of one year + six months of license period. Thereafter the same will be applicable after completion of subsequent one one- year period there from. Even if, on account of any delay whatsoever, licensee could not commence business operations on the expiry of gestation period stipulated in NIT, for the purpose of calculation of date on which 18 months 18months of license are completed (date on which first escalation is applied) shall be deemed from next day of expiry of gestation period stipulated in NIT.