Common use of Concession Fee Clause in Contracts

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.