Common use of Appropriation of Bank Guarantee Clause in Contracts

Appropriation of Bank Guarantee. The Solar Power Project shall be commissioned within 10 (ten) months from the Effective Date (as defined in the Draft PPA). In case of failure to achieve this milestone, KSPDCL shall encash the full Performance Bank Guarantee. In case of further delay, KSPDCL shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to terminate this Agreement as per Clause 12 (Termination).

Appropriation of Bank Guarantee. The Solar Power Project shall be commissioned within 10 12 (tentwelve) months from the Effective Date (as defined in the Draft PPA). In case of failure to achieve this milestone, KSPDCL shall encash the full Performance Bank Guarantee. In case of further delay, KSPDCL shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to terminate this Agreement as per Clause 12 (Termination).

Appropriation of Bank Guarantee. The Solar Power Project shall be commissioned within 10 12 (ten) months twelve)4months from the Effective Date (as defined in the Draft PPA). In case of failure to achieve this milestone, KSPDCL shall encash the full Performance Bank Guarantee. In case of further delay, KSPDCL shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to terminate this Agreement as per Clause 12 (Termination).

Appropriation of Bank Guarantee. The Solar Power Project shall be commissioned within 10 (ten) months from the Effective Date (as defined in the Draft PPA). In case of failure to achieve this milestone, KSPDCL shall encash the full Performance Bank Guarantee. In case of further delay, KSPDCL shall, 5 Addendum-3 to the recalled tender, dated 01.03.2018 6 Addendum-3 to the recalled tender, dated 01.03.2018 without prejudice to its other rights and remedies hereunder or in law, be entitled to terminate this Agreement as per Clause 12 (Termination)Termination)8.

Appropriation of Bank Guarantee. The Solar Power Project shall be commissioned within 10 15 (tenFifteen) months from the Effective Date (as defined in the Draft PPA). In case of failure to achieve this milestone, KSPDCL shall encash the full Performance Bank Guarantee. In case of further delay, KSPDCL shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to terminate this Agreement as per Clause 12 (Termination).