Common use of Upfront Premium Clause in Contracts

Upfront Premium. 19.2.1 In consideration of grant of the Concession, the Concessionaire has made, simultaneous to the signing and execution of this Agreement, a non-refundable payment of INR 5,00,00,000 (Rupee Five Crore), as specified in the Bid Documents, to the Authority (“Upfront Premium”).

Appears in 2 contracts

Samples: Draft Concession Agreement, Draft Concession Agreement

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Upfront Premium. 19.2.1 In consideration of grant of the Concession, the Concessionaire has made, simultaneous to the signing and execution of this Agreement, a non-refundable payment of INR 5,00,00,000 15,00,00,000 (Rupee Five Fifteen Crore), as specified in the Bid Documents, to the Authority (“Upfront Premium”).

Appears in 1 contract

Samples: Draft Concession Agreement

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Upfront Premium. 19.2.1 19.4.1 In consideration of grant of the Concession, the Concessionaire has made, Concession and simultaneous to the signing and execution of this Agreement, the Concessionaire has made a non-refundable payment of INR 5,00,00,000 (Rupee Five Crore), as specified in the Bid Documents, to the Authority (“Upfront Premium”).

Appears in 1 contract

Samples: Draft Concession Agreement

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