Additional Annual Premium definition
Additional Annual Premium means the amount offered by the Preferred Bidder as its Bid Price over and above the Reserve Annual Premium fixed by RSBTDA;
Additional Annual Premium means the amount offered by the Preferred Bidder as its Bid Price over and above the Reserve Annual Premium;
Additional Annual Premium means the amount quoted by Bidder and offered to Authority on annual basis over and above the Reserve Annual Premium.
Examples of Additional Annual Premium in a sentence
The amount of premium which may be paid during any contract year may not exceed the Maximum Additional Annual Premium shown on the Contract Schedule page without Our consent.
The Concessionaire shall pay to the Authority the Total Annual Premium, which shall be the arithmetic sum of the Reserve Annual Premium of Rs 50,00,000 lakhs (Rupees Fifty lakhs only) and Additional Annual Premium of Rs. (Rupees ) as quoted by the Preferred Bidder as the bid parameter and as accepted by Authority / SSNNL / FED, through a demand draft drawn in favour of on a scheduled/nationalized bank payable at Gandhinagar, Gujarat (“Total Annual Premium”).