Capex Annuity definition

Capex Annuity means the Farrukhabad Capex Annuity and/or the Fatehgarh Capex Annuity, as the context may require. Capital means, in respect of the Concessionaire, the total capital of the Concessionaire that will be raised by the issuance of equity shares, preference shares and convertible instruments.
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Capex Annuity means the amount payable to the Concessionaire per
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Capex Annuity means the Mirzapur Capex Annuity Capex Annuity for a Facility means the amount payable to the Concessionaire per quarter during the O&M Period, towards reimbursement of 60% of Completion Cost, if applicable Capital means, in respect of the Concessionaire, the total capital of the Concessionaire that will be raised by the issuance of equity shares, preference shares and convertible instruments.
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Examples of Capex Annuity in a sentence

  • Such interest shall be due and payable quarterly along with each instalment of the Capex Annuity.

  • In case of (I) above, it is clarified that the Concessionaire will be liable to pay twice the Performance Liquidated Damages specified in Schedule 7, for the first 2 days of a continuing breach from the date of the Third Breach Notice and thrice the specified Performance Liquidated Damages from the 3rd day of the Third Breach, in addition to the reduction in the Capex Annuity.

  • If the Third Breach continues beyond 2 days of the Third Breach Notice, then: (X) the Concessionaire shall be liable to pay thrice the amount of the Performance Liquidated Damages specified in Schedule 7, from the 1st day of the Third Breach; and (Y) the Capex Annuity for the relevant quarter(s) will be reduced by an amount equal to the Capex Annuity for the relevant quarter/90 for each day that the Third Breach continues beyond the 1st day of the Third Breach.

  • The Capex Annuity shall be payable in 60 equal quarterly instalments during the O&M Period for Tolly‟s Nallah Facilities and Garden Reach Facilities.

  • O&M Payments During the O&M Period, NMCG shall be required to make the O&M Payments in Rupees to the Concessionaire, (i) for Tolly‟s Nallah Facilities and Garden Reach Facilities comprising the Capex Annuity, the interest on the reducing balance of 60% of the Completion Cost, the O&M Charges and the Power Charges (ii) for Keorapukur facilities and Kudghat PS, O&M Payment shall only include O&M Charges and the Power Charges, in accordance with this Article 9.4.

  • Such interest shall be due and payable quarterly along with each instalment of the Capex Annuity specified in Clause 9.4(c)(i).

  • By way of illustration, assuming that the balance STP Completion Cost to be paid to the Concessionaire on the date of payment of the 1st Capex Annuity instalment is INR 50,00,00,000 (Rupees fifty crores), the applicable SBI MCLR for the first 50 days is 8% and thereafter it is revised to 7.5% and remains unchanged till the date of payment of the 2nd Capex Annuity, the interest would be calculated as ((50*11%*50)/365)+((50*10.5%*40)/365).

  • Such interest shall be due and payable quarterly along with each instalment of the relevant Capex Annuity.

  • By way of illustration, assuming that the balance Completion Cost to be paid to the Concessionaire on the date of payment of the 1st Capex Annuity instalment is INR 50,00,00,000 (Rupees fifty crores), the applicable SBI MCLR for the first 50 days is 8% and thereafter it is revised to 7.5% and remains unchanged till the date of payment of the 2nd Capex Annuity, the interest would be calculated as ((50*11%*50)/365)+((50*10.5%*40)/365).

Related to Capex Annuity

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Projected Annual Benefit means the Annual Benefit as defined in subsection (2) above, to which the Participant would be entitled under the terms of the Plan assuming: (A) the Participant will continue employment until the Normal Retirement Date under the Plan (or current date,if later) and (B) the Participant's Compensation for the current Limitation Year and all other relevant factors used to determine benefits under the Plan will remain constant for all future Limitation Years.

  • Qualified Preretirement Survivor Annuity is an annuity for the life of the surviving spouse of the Employee Participant or for a designated beneficiary, the actuarial equivalent of which is not less than fifty percent (50%) of the account balance of the Employee participant as of the date of his death.

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of a Participant, with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse, and which is the amount of benefit that can be purchased with the Participant's Vested Account Balance. The percentage of the survivor annuity under the Plan shall be 50%.

  • Single Life Annuity means an annuity payable for the life of a Participant.