Concession Fee Clause Samples

Concession Fee. In consideration of the grant of the Concession, the Concessionaire shall during the Concession Period, pay to the Authority by way of concession fee a sum of Rs. [●]7 per annum in the manner laid down in Article 24.3.1(a), increased at 05% (five percent) year on year basis. In the event the Concessionaire undertakes either or both of Optional Development Obligations in accordance with Article 12.6.1 and Additional Services in accordance with Article 21.3, then the Concessionaire shall be liable to pay to the Authority, 15% (fifteen) percent of the actual Revenue from such Optional Development Obligations and Additional Services, as the case may be (“Additional Concession Fee”). The Concessionaire shall maintain a separate record for monthly Revenue from such activities. The record will detail tariff and other details of the Revenue generation and shall be audited and certified by the Statutory Auditor of the Concessionaire. The Revenue generation from such activities and corresponding records shall be reviewed by the Independent Expert on quarterly basis for assertion of the actual Revenue.

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.

Concession Fee. Company shall pay to the Aviation Authority, for each Agreement Period of the term of this Agreement, a Concession Fee, in an amount equal to the greater of (1) the Minimum Annual Concession Fee consisting of the sum of an Annual Rental Fee and a Minimum Annual Privilege Fee; or (2) the total of the percentages of Gross Receipts as follows: ▇▇▇▇▇ RECEIPTS PERCENT OF GROSS RECEIPTS DUE TO AVIATION AUTHORITY Food and Beverage % Alcoholic Beverages % Employee Sales 5%

Concession Fee. 22.1.1 In consideration of the grant of Concession, the Concessionaire shall pay to MOR by way of concession fee (the “Concession Fee”) a sum of Re.1 (Rupee one) per annum during the Term of this Agreement. 22.1.2 The Concession Fee, for each year, shall be paid in advance within [90 (ninety days) of the commencement of the Accounting Year, for which it is due and payable.

Concession Fee. 26.1.1 In consideration of the grant of Concession under this Agreement, the Concession Fee payable by the Concessionaire to the Authority shall be Re.1.00 (Rupee One) per year during the term of this Agreement. 26.1.2 The Concession Fee, for each year, shall be paid in advance within 90 (ninety) days of the commencement of the Accounting Year, for which it is due and payable.

Concession Fee. In consideration of the grant of Concession, the Concessionaire shall pay to the MOR by way of concession fee (the “Concession Fee”) a sum of Re.1 (Rupee one) per annum {and the Premium specified in Clause 26.2}.

Concession Fee a The Private Partner (PSP) shall deposit the fixed concession fee or 20% of gross revenue earned from patients referred from Government Hospitals and Private Cases from MRI facilities on a quarterly basis to the Rogi Kalyan Samity of the Hospital. For purpose of calculation of revenue earned from patients referred from Government hospitals the Rates for 16 Slice CT Scan Services as approved in Annexure C will be taken into consideration including the rate approved for all other incidental charges including extra charges towards contrast studies. However the cost towards procurement of contrast material will not be included towards calculation of concession fees. b The concession fee shall be deposited / issued in the account of the Rogi Kalyan Samiti (RKS) of the Hospital by the Concessionaire for each Quarter not later than 10th working day of the following month of each of the completed Quarter. c The amount of Premium payment / concession fees so received by the RKS will be fully utilized by it for providing free services to the patients eligible for free services coming to the MRI facilities of the said hospital as per provisions mentioned under Article 6 of this Agreement and cannot be utilized for any other purpose until further Government orders. RKS or the Hospital Authorities will pay the service charges to the Private Partner against ▇▇▇▇ raised by the Private Partner for such cases after satisfactory verification of documents by accounts section of the hospital as per existing Government Order. d Failure to deposit Premium fee by the Private Partner (PSP) for a given quarter within the due date as per terms of the agreement shall result in termination of the agreement as described under Article 11.

Concession Fee. 6.1 Subject to Clause 6.2 hereunder and other terms of this Concession Agreement and during the Concession Period, the Concessionaire shall pay to the DTC the Concession Fees from COD, as specified in Schedule 4: Concession Fee, against the grant of Concession under the Concession Agreement. 6.2 The Concessionaire has right to display or permit display of advertisement on 1,500 Standard Floor Buses (List provided in Schedule 7) from COD as per the space details specified in Schedule 2: Specification of the Earmarked Space for Advertisement from the COD only if LED based Route Display System has been commissioned by the Concessionaire. 6.3 The Concessionaire shall be responsible for adhering to the minimum Standards of Performance while performing its Scope of Services, failing which DTC shall be entitled to levy default charges upon the Concessionaire as specified in Schedule 6 (“Default Charges”). 6.4 The Concessionaire shall pay service tax (as applicable) over and above the quoted Concession Fee to DTC. However, all duties and taxes in consequence of its obligations under this Concession Agreement, including customs and excise duties, advertisement tax, VAT, any cess, levy, duty, tax or charge etc shall be directly borne by the Concessionaire. The Concession Fee shall not be reduced for such costs. 6.5 The Concessionaire specifically agrees that the Concession Fee shall be paid notwithstanding any cause whatsoever and shall not be withheld on any ground whatsoever. 6.6 Concessionaire will deduct appropriate TDS as required under the Income Tax ▇▇▇ ▇▇▇▇ from all the payment to be made to DTC unless exemption certificate is provided by DTC. TDS certificate(s) shall be promptly provided to DTC against such deductions. 6.7 Rebate in Concession Fee: DTC will raise the ▇▇▇▇ on monthly basis for buses for which COD has been issued irrespective of number of buses outshedded. The Concessionaire will be entitled for rebate in payment of Concession Fee on pro-rata basis in case the average fleet utilization is below 85% (Eighty Five Percent) of the bus fleet fitted with the LED based display system in the morning shift on working days, which shall be reckoned on quarterly average basis as per Clause 4.1 (e). However, the Concessionaire shall make the post-quarterly adjustment for the same after advance approval of DTC. Example, in case the average fleet utilization is 80% (Eighty Percent) then the applicable rebate on the Concession Fee shall be 5% of the payment ...

Concession Fee. The Developer shall pay to the Department the Concession Fee on the Financial Close Date. 3. Amendments to Section 7.06 (Financial Close). 3.1 Section 7.06(c)(i) of the Comprehensive Agreement is hereby deleted in its entirety and replaced with the following language: (i) by the Department, in its discretion, for up to 115 days; 3.2 Section 7.06(d) of the Comprehensive Agreement is hereby deleted in its entirety and replaced with the following language: