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;

Upfront Premium shall have the meaning set forth in Clause 20.1;

Upfront Premium means the amount of Rs 1,00,000/- (Rupees One Lakh only) payable in accordance with Article 24.1;

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.

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

• In consideration of the grant of Concession, the Concessionaire shall pay to the Authority by way of online transfer of funds from the Escrow Account, the Upfront Premium and the Concession Fee in terms hereof.

• In consideration of the grant of Concession, the Concessionaire shall pay to the Authority by way of online transfer of funds the Upfront Premium and the Concession Fee in terms hereof.

More Definitions of Upfront Premium

Upfront Premium means the amount of Rs _ /- (Rupees only) payable in accordance with Article 24.1;

Upfront Premium means as defined in Article 19 of this Agreement.

Upfront Premium means onetime non-refundable commitment fee to be paid by the intending power developer.

Upfront Premium means one time non-refundable commitment fee to be paid by the intending power developer.

Upfront Premium has the meaning assigned to such term in Section 2.5.3.

Upfront Premium means as mentioned in Format 1 of Annexure-3;

Upfront Premium shall have the meaning given to such term in Section 2.05(c)(ii).