Relief to Concessionaire. Subject to the Concessionaire taking necessary measures to mitigate the impact or the likely impact of Change in Law on the Project, if as a direct consequence of a Change in Law, the Concessionaire is obliged to incur additional cost in any Accounting Year, such additional cost shall (without duplication) be allocated and shared between the Concessionaire and MCD as under : Increase in Capital Expenditure (in Rs. lakhs) MCD’s Share Upto Rs. 75 lacs 0% Above Rs. 75 50% of the capital expenditure in excess of Rs. 75 lacs. Increase in Costs (in Rs. lakhs) MCD’s Share Upto Rs. 75 lacs 0% Above Rs. 75 lacs 50% of the amount in excess of Rs. 75 lacs.
Appears in 6 contracts
Samples: Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement
