Substitution Premium definition

Substitution Premium means the lump sum amount, to be paid upfront to Authority, offered as financial bid by the party selected as the Nominated Company through a competitive bidding process, conducted as part of the Substitution, for substituting the Developer and as per the Agreement;
View Source
Substitution Premium means the lump sum amount, to be paid upfront to Maha- Metro, offered as financial bid by the party selected as the Nominated Company through a competitive bidding process, conducted as part of the Substitution, for substituting the Concessionaire and as per the Agreement;
View Source
Substitution Premium shal mean the lump sum amount, to be paid upfront to Authority, offered as financial bid by the party selected as the Nominated Company through a competitive bidding process, conducted as part of the Substitution, for substituting the Developer and as per the Agreement;
View Source

Examples of Substitution Premium in a sentence

  • The financial bidding criteria for the bid shall be a Substitution Premium to be paid by the Nominated Company as a consideration to Maha-Metro.

  • The Substitution Premium shall be in addition to the Nominated Company agreeing to bear all the liabilities of the Concessionaire in terms of the Agreement, Financing Agreement, Letter of Allotment/Sub-Leasing Agreements and sub-contracts with the Sub-Contractors, and which shall include but not be limited to overdue and future payments towards taxes to be paid to any Government (State Govt.

  • Based on the amount of Substitution Premium offered by the selected party in terms of the Section 3.4.2, the Lessee shall be entitled to the payment described in this Article V as compensation towards their Substitution only if the Nominated Company has paid a positive Substitution Premium and deposited the required minimum amount in the Escrow Account, if applicable, toward the overdue payment liabilities specified in Section 3.4.2 hereabove.

  • If the Substitution Premium paid by the Nominated Company is less than the maximum entitlement of the Developer in terms of the Article 38.3.2 (ai) above, the Developer shall be entitled to only the extent of Substitution Premium paid by the Nominated Company.

  • The criteria for selection of the Nominated Company shall be a lump sum Substitution Premium to be paid upfront to Maha-Metro by the selected party as consideration prior to execution of any agreement for the Project.

  • Based on the amount of Substitution Premium offered by the selected party in terms of the Article 3.4.2, the Developer shall be entitled to the payment described in this Article V as compensation towards their Substitution only if the Nominated Company has paid a positive Substitution Premium and deposited the required minimum amount in the Escrow Account toward the overdue payment liabilities specified in Article 3.4.2 hereabove.

  • The Developer shall be entitled to a substitution payment as compensation towards substitution only if the Nominated Company has paid a positive Substitution Premium to Authority and invested the required minimum amount in the Project towards the overdue payment liabilities specified hereinabove.

  • If the Substitution Premium paid by the Nominated Company is positive and sufficient, the Developer shall be entitled to the Substitution Premium subject to such payment not exceeding 85% of the total amount of Equity and Subordinated Debt Due as on the date of 15 days notice.

  • If the Substitution Premium paid by the Nominated Company is positive, the Concessionaire shall be entitled to the full amount of Substitution Premium subject to such payment not exceeding the 85% of the total amount of Equity and Subordinated debt due as on the date of the Termination Notice by the Concessionaire on the Project.

  • The lump sum Substitution Premium may be either negative or positive depending on the perception of the concerned party of the rights and obligations in terms of the Development Agreement, Lease Deed and Financing Agreements.