Upfront basis definition
Upfront basis. , means allotment of land on lease basis on payment of one time upfront payment for the entire lease period and the nominal lease rent approved by the Boar from time to time.
Upfront basis means in respect of a Transaction, that such Transaction is or will be entered into on the basis that the premium payable by the protection buyer to the protection seller under such Transaction is paid (whether in whole or in part) on an upfront basis on or about the Effective Date of such Transaction (and not on a Running Basis);