Payments to the Concessioning Authority Clause Samples

Payments to the Concessioning Authority. The Concessionaire shall make/ensure payments to the Concessioning Authority as per Article 9.
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Payments to the Concessioning Authority. License Fee..........................................................................................................................
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Payments to the Concessioning Authority. 59 9.1 Payment of Annual Fee 59 9.2 Upfront Fee 59 9.3 Rental Share 59 9.4 Additional Utilities or Services 63 9.5 Certified Accounts 63 9.6 Escrow Account 64
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Payments to the Concessioning Authority. 71 ARTICLE 10 76 ASSETS: OWNERSHIP AND PERMITTED CHARGE 76 10.1 Ownership of Assets 76 (a) Land and Water Area 76 (b) Assets created or provided by the Concessionaire 76 10.2 Permitted Charge on Assets 77 11.1 Ownership Structure 78 11.2 Shareholding 78 11.3 Constituent Documents 79
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Payments to the Concessioning Authority. 46 9.1 License Fee 46
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Payments to the Concessioning Authority. 39 9.1 (A)(a)(i) License Fee 39 9.3 Utilities or Services 40 9.4 Certified Accounts 41 9.5 Escrow Account 41
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Payments to the Concessioning Authority. 9.1 (A)(a)(i)
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Payments to the Concessioning Authority. Payment Terms The Concessionaire shall pay the Concessioning Authority the license fee for land as below: At the time of signing of Concession Agreement (A) ₹1.90 crores A + 12 months ₹1.14 crores A + 24 months ₹1.14 crores A + 36 months ₹1.14 crores A + 48 months ₹1.14 crores A + 60 months ₹1.14 crores A + 72 months ₹1.14 crores A + 84 months ₹1.14 crores A + 96 months ₹1.14 crores A + 108 months ₹1.14 crores A + 120 months ₹1.14 crores A + 132 months ₹1.14 crores A + 144 months ₹1.14 crores A + 156 months ₹1.14 crores A + 168 months ₹1.14 crores A + 180 months ₹1.14 crores The Concessionaire shall pay the Concessioning Authority on monthly basis the amount whichever is higher among the following: Cargo handled per month X Approved cargo charges ( MGT / 12 ) X Approved cargo charges 7% of the Gross Revenue The cargo charges for every month has to be remitted before 5th of the succeeding month. If 5th is a banking holiday in the geographical region, the amount has to be remitted on the next working day. An escalation of 15% on the cargo charges will be considered after completion of every three financial years and the bidder is bound to pay the same to TNMB (i.e.) An increase of 15% on the cargo charges approved for the first year will be considered for the fourth year and 15% increase of the fourth year rate will be considered for seventh year and so on. For the purpose of same, the start of financial year (i.e) 1st of April will be considered as the start of a year. A mobilization period of 12 months from the date of signing of this agreement shall be permitted to mobilize the resources for commencing port operations. No extension shall be given beyond this period. During mobilization period, the Concessionaire shall not be liable to pay the Concessioning Authority any amount as per Article 7.1 (b). If the closure of financial year is more than 90 days from the date of completion of mobilization period, the same will be treated as a full financial year for the purpose of applying increase in cargo charges. Gross Revenue means and includes, Gross income generated from the operation of the port or any other service in respect of vessels and cargo as audited by audit firms approved by Accountant General including but not limited to berth hire, pilotage, tug assistance fee, hire charges for flotilla, towage, stevedoring, wharfage, transhipment, lighterage, intraport transportation, demurrage, storage, cargo handling including stuffing and destuffing of conta...
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Payments to the Concessioning Authority. The Developer shall make/ensure payments to the Concessioning Authority as per Article 6.
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Related to Payments to the Concessioning Authority

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • PARTIES TO THE CONTRACT This Contract is solely between the Company and the SBA which administers the FHCF. In no instance shall any insured of the Company or any claimant against an insured of the Company, or any other third party, have any rights under this Contract, except as provided in Article XIV. The SBA will only disburse funds to the Company, except as provided for in Article XIV of this Contract. The Company shall not, without the prior approval of the Office of Insurance Regulation, sell, assign, or transfer to any third party, in return for a fee or other consideration any sums the FHCF pays under this Contract or the right to receive such sums.

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to the Company Except as provided in Section 1(d), 2 or 3 hereof, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan(s).

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.