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.
Appears in 4 contracts
Samples: Model Concession Agreement, Concession Agreement, Concession Agreement
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 a 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.
Appears in 1 contract
Samples: Concession Agreement
Revenue Shortfall Loan. 28.1.1 25.1.1 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.
Appears in 1 contract
Samples: Concession Agreement
Revenue Shortfall Loan. 28.1.1 29.1.1 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 a 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.
Appears in 1 contract
Samples: Model Concession Agreement
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 a Government Default, as the case may be, the Authority Government 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.
Appears in 1 contract
Samples: Concession Agreement
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 a MPRDC Default, as the case may be, the Authority MPRDC shall, upon request of the Concessionaire, provide agrees to allow the Concessionaire to avail accommodation for such shortfall, by way of a loan for meeting such shortfall (the “Revenue Shortfall Loan”) at an interest rate equal to 2% (two per cent) percent above the Bank Rate.
Appears in 1 contract
Samples: Concession Agreement
Revenue Shortfall Loan. 28.1.1 30.1.1 If the Realisable Fee Tariff in any Accounting Year shall fall short of the Subsistence Revenue as a result of an Indirect Political Event, a Political Event or an a 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.
Appears in 1 contract
Samples: Transmission Agreement
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 a Government Default, as the case may be, the Authority MPRDC shall, upon request of the Concessionaire, provide to allow the Concessionaire to avail accommodation for such shortfall by way of a loan for meeting such shortfall (the “Revenue Shortfall Loan”) at an interest rate equal to 2% (two per cent) above the Bank Ratefrom any bank.
Appears in 1 contract
Samples: Concession Agreement