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;
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;
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;
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 this Concession 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.