Common use of TOTAL MONTHLY PAYMENT Clause in Contracts

TOTAL MONTHLY PAYMENT. a) The Concessionaire shall make a Total Monthly Payment (Rupees ) as Fixed fee to DTIDCL. The fixed fee shall be paid on quarterly basis from COD and payable on or before 5th day of first month of the quarter in advance for the due quarter and the same shall be increased @ 5% year on year till the end of the Concession Period. b) The Concessionaire shall pay all duties and taxes in consequence of its obligations under this Concession Agreement, including customs duties, and the Total Monthly Payment shall not be adjusted for such costs. c) Payment to Municipal Corporation of Delhi (“MCD”) shall be made by DTIDCL However, advertisement tax payable to MCD shall be paid separately by the Concessionaire to MCD and proof of such payment made to MCD shall be deposited with DTIDCL.

TOTAL MONTHLY PAYMENT. a) The Concessionaire shall make a Total Monthly Payment (Rupees __________) as Fixed fee to DTIDCL. The fixed fee shall be paid on quarterly basis from COD and payable on or before 5th day of first month of the quarter in advance for the due quarter and the same shall be increased @ 5% year on year till the end of the Concession Period. b) The Concessionaire shall pay all duties and taxes in consequence of its obligations under this Concession Agreement, including customs duties, and the Total Monthly Payment shall not be adjusted for such costs. c) Payment to Municipal Corporation of Delhi (“MCD”) shall be made by DTIDCL However, advertisement tax payable to MCD shall be paid separately by the Concessionaire to MCD and proof of such payment made to MCD shall be deposited with DTIDCL.