Revenue Shortfall Loan Sample Clauses
A Revenue Shortfall Loan clause establishes a mechanism by which a lender or another party provides a loan to cover any deficit when actual revenues fall below a predetermined threshold. In practice, this clause is often used in project finance or public-private partnership agreements, where projected revenues may not materialize as expected, and the shortfall loan ensures that the project can continue to meet its financial obligations. The core function of this clause is to mitigate the risk of revenue fluctuations, thereby providing financial stability and ensuring the ongoing viability of the project or operation.
Revenue Shortfall Loan. 28.1.1 If the Realisable Fee in any Accounting Year shall fall short of the Subsistence Revenue as a result of an Indirect Political Event, a Political Event or a Government Default, as the case may be, MPRDC shall, upon request of the Concessionaire, to allow the Concessionaire to avail accommodation for such shortfall by way of a loan (the “Revenue Shortfall Loan”) from any bank.
28.1.2 If the half-yearly results of the Concessionaire indicate that the shortfall referred to in Clause 28.1.1 and contemplated for an Accounting Year has arisen in respect of the first 6 (six) months thereof, the Concessionaire shall be entitled to a provisional Revenue Shortfall Loan; provided that, no later than 60 (sixty) days after the close of such Accounting Year, the Concessionaire shall either repay the provisional loan with interest or adjust it against the Revenue Shortfall Loan, if any, as may be due to it under this Clause 28.1.
28.1.3 The Government shall disburse the Revenue Shortfall Loan or the provisional Revenue Shortfall Loan, as the case may be, within 30 (thirty) days of receiving a valid request from the Concessionaire along with the particulars thereof including a detailed account of the Indirect Political Event, Political Event or the Government Default, as the case may be, and its impact on the collection of Fee.
Revenue Shortfall Loan. 28.1.1 If the Realisable Fee in any Accounting Year shall fall short of the Subsistence Revenue as a result of an Indirect Political Event, a Political Event or an Authority Default, as the case may be, the Authority shall, upon request of the Concessionaire, provide a loan for meeting such shortfall (the “Revenue Shortfall Loan”) at an interest rate equal to 2% (two per cent) above the Bank Rate.
28.1.2 If the half-yearly results of the Concessionaire indicate that the shortfall contemplated for an Accounting Year has arisen in respect of the first 6 (six) months thereof, the Concessionaire shall be entitled to a provisional Revenue Shortfall Loan; provided that, no later than 60 (sixty) days after the close of such Accounting Year, the Concessionaire shall either repay the provisional loan with interest or adjust it against the Revenue Shortfall Loan, if any, as may be due to it under this Clause 28.1.
28.1.3 The Authority shall disburse the Revenue Shortfall Loan or the provisional Revenue Shortfall Loan, as the case may be, within 30 (thirty) days of receiving a request from the Concessionaire along with the particulars thereof including a detailed account of the Indirect Political Event, Political Event or the Authority Default, as the case may be, and its impact on the collection of Fee.
Revenue Shortfall Loan. Revenue shortfall loan for the Mine Operator has not been considered for this Project under the Agreement.
Revenue Shortfall Loan. 31.1.1 If the Realisable Mining Charge in any Accounting Year shall fall short of the Subsistence Revenue as a result of an Authority Default, the Authority shall, depending on the availability of funds with the Authority, upon request of the Mine Operator, provide a loan for meeting such shortfall (the "Revenue Shortfall Loan") at an interest rate equal to 2% (two per cent) above the Bank Rate against a bank guarantee.
31.1.2 If the half-yearly results of the Mine Operator indicate that the shortfall referred to in Clause 31.1.1 and contemplated for an Accounting Year has arisen in respect of the first 6 (six) months thereof, the Mine Operator shall be entitled to a provisional Revenue Shortfall Loan depending on the availability of funds with the Authority; provided that, no later than 60 (sixty) days after the close of such Accounting Year, the Mine Operator shall either repay the provisional Revenue Shortfall Loan with interest at an interest rate equal to 2% (two per cent) above the Bank Rate or adjust it against the Revenue Shortfall Loan, if any, as may be due to it under this Clause 31.1.
31.1.3 The Authority shall disburse the Revenue Shortfall Loan or the provisional Revenue Shortfall Loan, as the case may be, within 30 (thirty) days of receiving a valid request from the Mine Operator along with the particulars thereof including a detailed account of the Authority Default and its impact on the collection of Realisable Mining Charge.
Revenue Shortfall Loan. 28.1 If the Realisable Fees in any Accounting Year during the Concession Period shall fall below the Subsistence Revenue Level, MPRDC agrees to allow the Concessionaire to avail accommodation for such shortfall, by way of a loan (“Revenue Shortfall Loan”) from any Bank. Any balance of Maintenance Fund of the Concessionaire or any sums received or likely to be received by the Concessionaire through insurance claims (except insurance payments for physical loss used to carry out requisite repairs) or payments by MPRDC under Clause 28 shall first be deducted and only the balance amount remaining shall be availed as the Revenue Shortfall Loan.,
28.2 For the purposes of availing of any loan on account of Revenue Shortfall loan pursuant to Clause 23.1 above in any Accounting Year, the Concessionaire shall:
28.2.1 Submit a detailed account of the Event, and its impact on total revenues of the Concessionaire as soon as feasible and submit weekly reports thereafter.
28.2.2 Provide to MPRDC, the Schedule of Debt Service Payments under then Financing Documents for the Accounting year for which Revenue Shortfall Loan are claimed.
28.2.3 Provide to MPRDC the details of O^M Expenses budget for such Accounting Year and the expenditure incurred in that year out of such budget.
Revenue Shortfall Loan. If the Realisable Fees in any Accounting Year during the Concession Period shall fall below the Subsistence Revenue Level as a result of Indirect Political Event , a Political Event or MPRDC Default, as the case may be, MPRDC agrees to allow the Concessionaire to avail accommodation for such shortfall, by way of a loan (“Revenue Shortfall Loan”) from Senior Lenders