Project Considerations. In consideration of the grant of the Concession, the Concessionaire shall during the Concession Period, pay to the Authority the following as per terms of this Agreement. (a) Upfront Premium of Rs as per Clause 24.2 (b) Annual Concession Fee (ACF) a sum of Rs as per Clause 24.3 (c) Revenue Share @1% of Gross Revenues for each accounting, as per Clause 24.4 and (d) Annual Lease Rent - As quoted by the Selected Bidder/ Consortium above minimum threshold of INR 2 crore, escalated @ 10% in every three years, as per Clause 24.5.
Appears in 6 contracts
Sources: Concession Agreement, Concession Agreement, Concession Agreement