Upfront Premium definition

Upfront Premium means an amount of Rupees Twenty four (24) lakhs to be paid by the Successful Bidder to the Nodal Agency within a period of sixty (60)days from the date of issuance of LOA, as mentioned in Clause 2.4.3;
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Upfront Premium shall have the meaning set forth in Clause 20.1;
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Upfront Premium means the amount of Rs 1,00,000/- (Rupees One Lakh only) payable in accordance with Article 24.1;
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Examples of Upfront Premium in a sentence

  • The Concessionaire acknowledges and agrees that as set forth in the Bid, it shall pay to the Authority a premium in the form of an upfront fee ("Upfront Premium") as set forth in Clause 25.2.

  • The Consideration shall consist of the Upfront Premium and Annual Concession Fee, as quoted by the Concessionaire in its Financial Bid, payable as per the terms of the Concession Agreement.

  • If the Concessionaire does not communicate his formal written consent within stipulated time as above and with the obligatory initial Upfront Premium (50% of the due renewal fee) as mentioned above, then the Authority shall have the right to invite fresh bids.

  • The Total Consideration shall consist of the Upfront Premium and Annual License Fees, payable as per the terms of the License Agreement.

  • In the event of Concessioning Authority failing to fulfil its conditions Precedent as per Article 2.4(b), the Concessioning Authority shall return to the Concessionaire the Upfront Premium deposited by the Concessionaire without any interest and shall refund the Construction Performance Security and this agreement shall be terminated.


More Definitions of Upfront Premium

Upfront Premium means the amount of Rs _ /- (Rupees only) payable in accordance with Article 24.1;
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Upfront Premium means as defined in Article 19 of this Agreement.
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Upfront Premium means onetime non-refundable commitment fee to be paid by the intending power developer.
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Upfront Premium has the meaning assigned to such term in Section 2.5.3.
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Upfront Premium means an amount equal to $25,000,000.
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Upfront Premium means one time non-refundable commitment fee to be paid by the intending power developer.
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Upfront Premium means as mentioned in Format 1 of Annexure 3.
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