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sarangpur-shujalpur road - Madhya Pradesh Road Development ...

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3 28.1 Revenue Shortfall Loan28.1.1 If the Realisable Fee in any Accounting Year shall fall short of theSubsistence Revenue as a result of an Indirect Political Event, aPolitical Event or a Government Default, as the case may be,MPRDC shall, upon request of the Concessionaire, to allow theConcessionaire to avail accommodation for such shortfall by wayof a loan (the “Revenue Shortfall Loan”) from any bank.28.1.2 If the half-yearly results of the Concessionaire indicate that theshortfall referred to in Clause 28.1.1 and contemplated for anAccounting Year has arisen in respect of the first 6 (six) monthsthereof, the Concessionaire shall be entitled to a provisionalRevenue Shortfall Loan; provided that, no later than 60 (sixty)days after the close of such Accounting Year, the Concessionaireshall either repay the provisional loan with interest or adjust itagainst the Revenue Shortfall Loan, if any, as may be due to itunder this Clause 28.1.28.1.3 The Government shall disburse the Revenue Shortfall Loan or theprovisional Revenue Shortfall Loan, as the case may be, within 30(thirty) days of receiving a valid request from the Concessionairealong with the particulars thereof including a detailed account ofthe Indirect Political Event, Political Event or the GovernmentDefault, as the case may be, and its impact on the collection ofFee.28.1 Revenue Shortfall LoanIf the Realisable Fee in any Accounting Year shall fallshort of the Subsistence Revenue as a result of anIndirect Political Event, a Political Event or a MPRDCDefault, as the case may be, MPRDC shall, uponrequest of the Concessionaire, to provide a loan formeeting such shortfall (the” Revenue ShortfallLoan”) at an interest rate equal to 2% (two percent)above the Bank Rate.If the half-yearly results of the Concessionaire indicatethat the shortfall contemplated for an AccountingYear has arisen in respect of the first 6 (six) monthsthereof, the Concessionaire shall be entitled to aprovisional Revenue Shortfall Loan; provided that, nolater than 60 (sixty) days after the close of suchAccounting Year, the Concessionaire shall either repaythe provisional loan with interest or adjust it againstthe Revenue Shortfall Loan, if any, as may be due to itunder this Clause 28.1.MPRDC shall disburse the Revenue Shortfall Loan orthe provisional Revenue Shortfall Loan, as the casemay be, within 30 (thirty) days of receiving a validrequest from the Concessionaire along with theparticulars thereof including a detailed account of theIndirect Political Event, Political Event or the MPRDCDefault, as the case may be, and its impact on thecollection of Fee.

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