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liberty to terminate the License. 5.01 Guaranteed Traffic The Licensee guarantees payment of royalty for the following minimum throughput: i) Stage 1: From the date ... Licensee, the minimum guaranteed traffic shall be as under: a) 1st Year - 3,50,000 TEUs. b) 2nd Year - throughput for the applicable period

first time, the condition of Minimum Guarantee Throughput (MGT) and the petitioner was required to furnish bank guarantees. By a letter dated 4 th January

higher of the following amounts a)the Revenue Share b)the Minimum Annual Guaranteed Revenue for that respective year of Commercial Operations as provided ... Month period and the pro rated share of Minimum Annual Guaranteed Revenue, in case such Revenue Share is less than pro rated share of Minimum