Common use of Payment of Annuity Clause in Contracts

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) over the Concession Period and will commence from six calendar months from COD.

Appears in 1 contract

Samples: Concession Agreement

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Payment of Annuity. 27.2.1 25.2.1 Subject to the provisions of this Article 27 25 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 2 (thirty fivetwo) per year over the Concession Period and will commence from six calendar months from COD.

Appears in 1 contract

Samples: Concession Agreement

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 2 (thirty fivetwo) per year over the Concession Period and will commence from six calendar months from COD.

Appears in 1 contract

Samples: Concession Agreement

Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) over the Concession Period and will commence from six calendar months from the COD.

Appears in 1 contract

Samples: Concession Agreement

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Payment of Annuity. 27.2.1 Subject to the provisions of this Article 27 and Article 28 and any other applicable provisions of this Agreement, Authority GOTN, HD shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 (thirty five) [ ] over the Concession Period and will commence from six calendar months from COD.

Appears in 1 contract

Samples: Concession Agreement

Payment of Annuity. 27.2.1 5.4.2.1 Subject to the provisions of this Article 27 and Article 28 Clause 5.4 and any other applicable provisions of this Agreement, Authority shall make payment of Annuity to the Concessionaire on each Annuity Payment Date. For avoidance of doubt the number of such Annuities shall not exceed 35 13, during a period of 13 (thirty fiveThirteen) over years from the Concession Period and will commence from six calendar months from CODScheduled Project Completion Date.

Appears in 1 contract

Samples: Concession Agreement

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