Concession Payment Clause Samples

Concession Payment. The Concession Payment shall be in the amount and payable upon the terms set forth in Part A of Exhibit 7. For federal income tax purposes, the Concession Payment is allocated as set forth in Part A of Exhibit 7.
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Concession Payment. At Financial Close, subject to adjustment pursuant to Section 3.6.3, Developer shall pay $[●] [to be inserted from Proposal] in good and immediately available funds to TxDOT (the “Concession Payment”).
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Concession Payment. ‌ 2.3.1 In consideration for Developer’s rights granted by this Agreement, Developer shall pay to the Department the sum of $1,000,000. Subject to Section 2.3.2, such sum shall be due and payable not later than the date of Financial Close. 2.3.2 Payment of such sum is subject to the following: 2.3.2.1 If this Agreement is terminated prior to Financial Close and the Department is entitled to draw on the Financial Close Security pursuant to this Agreement, the Department acknowledges that the Financial Close Security includes recovery of such sum; and 2.3.2.2 If this Agreement is terminated prior to Financial Close and the Department is not entitled to draw on the Financial Close Security pursuant to this Agreement, then such sum shall not be due and payable.
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Concession Payment. The Concessionaire shall pay to the Concessioning Authority annual payment (“the Concession Payment”). Sr. No Due Date Year Amount Calculation Amount in figures Amount in words 1. On COD 1 CP 2. COD + 1 Year 2 CP 3. COD + 2 Year 3 CP 4. COD + 3 Year 4 (1.10) X CP 5. COD + 4 Year 5 (1.10) X CP 6. COD + 5 Year 6 (1.10) X CP 7. COD + 6 Year 7 (1.10)2 X CP 8. COD + 7 Year 8 (1.10)2 X CP 9. COD + 8 Year 9 (1.10)2 X CP 10. COD + 9 Year 10 (1.10)3 X CP 11. COD + 10 Year 11 (1.10)3 X CP 12. COD + 11 Year 12 (1.10)3 X CP 13. COD + 12 Year 13 (1.10)4 X CP 14. COD + 13 Year 14 (1.10)4 X CP 15. COD + 14 Year 15 (1.10)4 X CP 16. COD + 15 Year 16 (1.10)5 X CP 17. COD + 16 Year 17 (1.10)5 X CP 18. COD + 17 Year 18 (1.10)5 X CP 19. COD + 18 Year 19 (1.10)6 X CP 20. COD + 19 Year 20 (1.10)6 X CP 21. COD + 20 Year 21 (1.10)6 X CP 22. COD + 21 Year 22 (1.10)7 X CP 23. COD + 22 Year 23 (1.10)7 X CP 24. COD + 23 Year 24 (1.10)7 X CP 25. COD + 24 Year 25 (1.10)8 X CP 26. COD + 25 Year 26 (1.10)8 X CP 27. COD + 26 Years 27 (1.10)8 X CP 28. COD + 27 Years 28 (1.10)9 X CP 29. COD + 28 Years 29 (1.10)9 X CP 30. COD + 29 Years 30 (1.10)9 X CP a. Concession Payment for each Financial Year shall be paid to the Concessioning Authority on or before the fifteenth Day of the due date. b. Concession Payment amounts remaining unpaid on respective due dates would carry interest @ SBI PLR plus 2% (two percent) per annum from the due date till the date of payment or realization thereof. Construction Requirements SCHEDULE 3 A. Construction Requirements for Project Facility 1.0 General
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Concession Payment. (a) The Concessionaire agrees to make to SIIDCUL payment in accordance with Schedule 2 (“Concession Payment”). (b) The Concession Payment shall be made by way of cheque/ demand draft in favour of “The Managing Director, SIIDCUL” payable at Dehradun.
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Concession Payment. As full consideration for the reduced Base Rent set forth in Section 4 below, a portion of the TI Allowance as set forth in the Tenant Work Letter, and the delivery of the Build-Out Plans, Tenant shall pay to Landlord concurrent with Tenant’s delivery of an executed copy of this Lease to Landlord an amount equal to $3,750,000 (“Concession Payment”). Tenant shall pay the Concession Payment to Landlord by wire transfer (via Fedwire) of immediately available funds to an account designated in writing by Landlord.
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Related to Concession Payment

  • Commission Payments In consideration of the award of this Framework Agreement and the management, marketing and administration by the Authority of the overall contractual structure and associated documentation Contracted Customers will pay the Customer Commission to the Authority. The Supplier shall, unless the Authority notifies the Supplier that the Contracted Customers shall pay the Authority directly, collect the Customer Commission from the relevant Customers and then pay such Customer Commission to the Authority. The Supplier shall invoice each Contracted Customer each Month under the terms of this Framework Agreement and Customer Contracts. The Supplier shall submit to the Authority, on or before the fifth Day of each such Month or such other Day as is notified to the Supplier by the Authority a statement of the total Commission included in invoices to Contracted Customers under all Customer Contracts in the previous Month (“Monthly Statement”). The Parties may agree (such agreement not to be unreasonably withheld or delayed by the Supplier) alternative arrangements for Monthly Statements, including Monthly Statements based on an estimate of the Commission to be recovered under Customer Contracts (with periodic reconciliation against actuals). On receipt of the Monthly Statement the Authority may submit an invoice (“Commission Invoice”) to the Supplier (at its nominated address for invoices) in respect of the Commission set out in that Monthly Statement (“Commission Due”). The Commission Due, as set out in each Commission Invoice, shall be paid by the Supplier to the Authority within twenty (20) Working Days of the date of issue of the Commission Invoice (“Due Date”). Each Commission Invoice shall include Value Added Tax on the Commission Due at the rate and in the manner prescribed by Law from time to time. The Authority shall pay to HMRC an amount equal to any such Value Added Tax. If the Supplier does not pay the Commission Due by the Due Date, the Authority may charge the Supplier interest at a rate of three percent (3%) over LIBOR, as the same may vary from time to time, from the Due Date until such time as the Commission Due is received by the Authority. The Supplier shall be liable to the Authority for all direct costs incurred in collecting any Commission Due from the Supplier. If the Supplier disputes in good faith any Commission Invoice the Supplier shall pay any undisputed amount on or before the Due Date. The Supplier shall give the Authority notice of the amount in dispute and the reasons for the dispute as soon as reasonably practicable. The Parties shall seek to settle the disputed amount as soon as reasonably possible. If the Parties fail to resolve the disputed amount within twenty (20) Working Days of receipt by the Authority of the notice referred to in Clause 5.5, the matter shall be a Dispute and shall be settled in accordance with the Dispute resolution mechanism set out in Clause 16. Any adjustment payment required to be made in accordance with the resolution or determination of a Dispute under Clause 16 shall be made within three (3) Working Days of that resolution or determination.

  • Concession Period The Concession Period shall be for a period of 27 years from the Compliance Date ("the Concession Period") during which the Concessionaire is authorised to implement the Project on DBFOT basis including management of all facilities and resources required for integrated management of Solid Waste in accordance with the provisions hereof: Provided that in the event of Termination, the Concession Period shall mean and be limited to the period commencing from the Compliance Date and ending with the Termination Date.

  • Concession Fee In consideration of the grant of Concession, the Concessionaire shall pay to the Authority by way of concession fee (the “Concession Fee”) a sum of Re. 1 (Rupee one) per annum.

  • Rent Payments ▇▇▇▇▇▇ agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. ▇▇▇▇▇▇ agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. ▇▇▇▇▇▇ agrees that rent shall be paid in lawful money of the United States via the ▇▇▇▇▇ Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. ▇▇▇▇▇▇ agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

  • Rent Payment Tenant shall pay the Base Rent for the Premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the Premises. Additional rent means amounts determined under Section 19 of this Lease and any other sums payable by Tenant to Landlord under this Lease. Rent not paid when due shall bear interest at the rate of one-and-one-half percent per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord’s rights hereunder.