Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the MOR for each year commencing from [365th day after the COD], a premium (the “Premium”) in the form of an additional Concession Fee equal to {1% (one per cent)}$ of the total User Fee during that year, net of any taxes on User Fee.
Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Authority, on the Appointed Date a Premium in the form of an additional Concession Fee equal to Rs.……( in words ) as due to the authority during that year, due and payable for the period remaining in that year; and for each subsequent year of the Concession Period, the Premium shall be determined by increasing the amount of Premium in the respective year by an additional 5% (five percent) as compared to the immediately preceding year. For the avoidance of doubt, the Premium for all subsequent years shall be determined by increasing the amount of Premium by 5% (five percent) as compared to the immediately preceding year. For avoidance of doubt it is clarified that the term ‘Premium’ as referred in para above shall be as applicable for one financial year. In accordance with and in compliance with the terms of this agreement, If payment of such ‘Premium’ is due and payable only for part of such financial year, then only pro-rata payments @ 1/12th of such Premium shall be payable for each month of such part financial year for which such Premium payments is due as payable. For the purpose of assessing the amount due for payment on such payment of Premium, part of a month shall be deemed to be a full month. In such circumstances the subsequent year as referred to in para above, for the purpose of 5% (five per cent) annual escalation, shall fall to commence on 1st of April of the immediately succeeding financial year.
Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Authority immediately after the first (1st) anniversary of Project Completion Date , a premium (the “Premium”) in the form of an additional Concession Fee for every year of the remaining Concession Period, to be calculated on total Realisable Fee in the manner stated in this clause. The Premium to be paid for the 2nd year after Project Completion Date shall equal to …… (…. per cent) of the total Realisable Fee during that year. For all subsequent years, the Premium shall be determined on the total Realisable Fee in the respective year at the percentage to be arrived at by increasing the percentage of Premium by an additional 1% (one percent) as compared to the immediately preceding year. For the avoidance of doubt, and by way of illustration, if the Premium for the 1st year after Project Completion Date is 3.5% (three point five per cent) of the total Realizable Fee in that year, then the premium for the 2nd year shall be equal to 4.5% (four point five per cent) of the total Realisable Fee for that year.
Additional Concession Fee. 27.2.1 Without prejudice to the provisions of Clause 25.1., the Concessionaire agrees to pay to the Authority for the {20th (twentieth) year of the Concession Period}£, a premium (the “Premium”) in the form of an additional Concession Fee equal to {1% (one per cent)}$ of the total Realisable Fee during that year, net of any taxes on Fee; and for each subsequent year of the Concession Period, the Premium shall be determined by increasing the proportion of Premium to the total Realisable Fee in the respective year by an additional 1% (one per cent) as compared to the immediately preceding year; provided that the Premium payable under this Article 27 shall be subject to a ceiling of 20% (twenty per cent) of the total Realisable Fee in the respective year. For the avoidance of doubt and by way of illustration, the Premium for the {21st (twenty-first) and 22nd (twenty-second)} years shall be equal to {2% (two per cent) and 3% (three per cent)} respectively of the total Realisable Fee for the respective years.
Additional Concession Fee. 24.2.1 The Concessionaire agrees to pay to the Authority, for every year of the Concession Period, commencing from the [Project COD]28, [1% (one per cent)] of the Gross Revenue as its share in the revenues earned from the Project (the “Revenue Share”), as escalated in accordance with this Article 24.2.1. The Revenue Share for the first year shall be payable at the said rate of [1% (one per cent)], and for each subsequent year of the Concession Period, the Revenue Share shall be determined by increasing the proportion of Revenue Share to the Gross Revenue in the respective year by an additional [0.2% (zero point two per cent] as compared to the immediately preceding year. Notwithstanding anything to the contrary contained in this Article 24.2.1, the Revenue Share payable by the Concessionaire shall at all times be subject to a ceiling of [20% (twenty per cent)] of the Gross Revenue in the respective year.
Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the MPRDC for the 1st (First) year of the Concession Period, but commencing from the day falling after Scheduled COD a Premium in the form of an additional Concession Fee equal to 4.762% (Four Point Seven Six Two percent) of the total Realisable Fee during that year; and for each subsequent year of the Concession Period, the Premium shall be determined by increasing the proportion of Premium to the total Realizable Fee in the respective year by an additional 1% percentage(one percent) point as compared to the immediately preceding year. For the avoidance of doubt, the Premium for the 2nd (Second) and 3rd (Third) years shall be equal to 5.762% (Five Point Seven Six Two per cent) and 6.762% (Six Point Seven Six Two per cent) respectively of the total realizable fee for the respective years.
Additional Concession Fee. 20.2.1. “Without prejudice to the provisions of Clause 20.1, the Concessionaire agrees to pay to the Authority, 3 (three) months from the COD, a Premium in the form of an additional Concession Fee equal to Rs. --------- (rupees ------------------- only) {in case the selected bidder is the same for more than one Package, the Premium quoted by the Bidder for such Packages shall be added up} as due to the Authority during that year, due and payable for the period remaining in that year; and for each subsequent year of the Concession Period, the Premium shall be increased by 5% (five per cent) as compared to the immediately preceding year. For the avoidance of doubt, the Premium for all subsequent years shall be determined by increasing the amount of Premium by 5% as compared to the immediately preceding year. In case, any of the real estate forming part of the Site is not handed for development of one or more bus shelters, the Concessionaire will be allowed to pay the Premium prorata to the number of bus shelters constructed on the real estate handed over by the Authority. For avoidance of doubt it is clarified that the term ‘Premium’ as referred in para above shall be as applicable for one financial year. The Premium amount shall be payable on monthly basis. In accordance with and in compliance with the terms of this Agreement, if payment of such ‘Premium’ is due and payable only for part of such financial year, then pro-rata payments at 1/12th of such Premium shall be payable for each month of such part financial year for which such Premium payments is due as payable. For the purpose of assessing the amount due for payment on such payment of Premium, part of a month shall be deemed to be a full month. In such circumstances, the subsequent year as referred to in para above for the purpose of 5% annual escalation, shall fall to commence on 1st of April of the immediately succeeding financial year”.
Additional Concession Fee. 26.2.1 Without prejudice to the provisions of Clause 26.1, the Concessionaire agrees to pay to the Authority commencing from the day falling after 1 (one) day from COD, a Premium in the form of an additional Concession Fee equal to { % ( per cent)} of the Gross Revenue throughout the Concession Period.
Additional Concession Fee. 19.3.1 Without prejudice to the provisions of Clause 19.1, the Concessionaire agrees to pay to the Authority, on the COD, a Premium in the form of an additional Concession Fee equal to Rs. { _}as due to the authority during that year, due and payable for the period remaining in that year; and for each subsequent year of the Concession Period, the Premium shall be determined by increasing the amount of Premium in the respective year by an additional 5 % (five percent) as compared to the immediately preceding year. For the avoidance of doubt, the Premium for all subsequent years shall be determined by increasing the amount of premium by 5% as compared to the immediately preceding year.
Additional Concession Fee. Commencing on the first (1st) anniversary of the Commencement Date, Lessee shall pay the City annually, as an “Additional Charge”, ten percent (10%) of gross receipts that are derived from its commercial use of the Premises during the immediately preceding one-year period. Lessee shall retain records of such gross receipts that are derived from the sublicensing of the Premises for a period of six years which will be available for inspection by the City upon request.
