Project Development Charges Clause Samples

Project Development Charges. The Concessionaire shall, simultaneous with the execution of this Agreement, pay to MCD a non-adjustable, non-refundable project development charge of Rs. 3, 00, 000/- (Rupees Three lakhs only), which is payable by MCD to Infrastructure 4 This shall be 20 lakhs for City, SPZ and KB Zone and 50 lakhs for Central, South & West Zone. Development Finance Company Limited, simultaneous with the execution of this Agreement.