Examples of Shoe Option in a sentence
Bidders shall furnish a certificate from a practicing and certified Chartered Accountant, certifying the Net-Worth per MW (based on the total Project Capacity (including the Proposed Green Shoe Option Capacity) as on March 31, 2023 and for the last 2 (two) financial years.
It is clarified that the revenue land proposed to be provided for the implementation of the Project, including for the Green Shoe Option Capacity will be sub-leased prior to the signing of the Share Sale and Purchase Agreement.
Internal resource generation capability, in the form of profit before depreciation interest and taxes (PBDIT) for an amount that shall be calculated at the rate of INR 10 Lakhs/MW (Indian Rupees Ten Lakhs per MW) of the Base Capacity and any Potential Green Shoe Option Capacity, as on the last date of previous financial year, i.e., 2022-2023.
The Successful Bidder shall submit the Performance Bank Guarantee (PBG) of INR 5 Lakh (Indian Rupees Five Lakhs) per MW (based on the total Project Capacity (including the Green Shoe Option Capacity)) within 15 (fifteen) days from the date of issue of LOA and before signing of PPA, according to the Format-6.3 B.
A minimum annual turnover of INR 25 Lakhs/MW (Indian Rupees Twenty Five Lakhs per MW) of the Base Capacity and any Potential Green Shoe Option Capacity during the previous financial year 2022-2023.