Computation and Payments. (a) Within 07 (seven) days after the end of each 15 (fifteen) days, in the case of Section 8.1 (a), BPDB shall compute and deduct from the Performance Security Deposit, the Liquidated Damage amount applicable for the preceding month pursuant to this Contract and notify the Company thereby. (b) Within 30 (thirty) days after the completion of each Contract Year the BPDB shall compute penalty/compensation and deduct penalty from the Operation Security Deposit or pay compensation to the Company whatever applicable and notify the Company thereby.
Appears in 6 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Computation and Payments. Within:
(aA) Within 07 seven (seven07) days after the end of each 15 fifteen (fifteen15) days, in the case of Section
8.1 (a)Section 8.1, BPDB shall compute and deduct from the Performance Security Deposit, the Liquidated Damage amount applicable for the preceding month pursuant to this Contract Agreement and notify the Company thereby.
(bB) Within 30 thirty (thirty30) days Days after the completion end of each Contract Year the Commercial Operations Date, in the case of Section 8.2 BPDB shall shall, to the extent not already paid by the Company, compute penalty/compensation and deduct penalty from the Operation Performance Security Deposit or pay compensation Deposit, the Liquidated Damage amount applicable for the shortfall in capacity pursuant to the Company whatever applicable this Agreement and notify the Company thereby.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Computation and Payments. Within:
(aA) Within 07 seven (seven07) days after the end of each 15 fifteen (fifteen15) days, in the case of Section
8.1 (a)Article 8.1, BPDB shall compute and deduct from the Performance Security Deposit, the Liquidated Damage amount applicable for the preceding month pursuant to this Contract and notify the Company thereby.
(bB) Within 30 thirty (thirty30) days Days after the completion end of each Contract Year the Commercial Operation Date, in the case of Article 8.2 BPDB shall compute penalty/compensation and deduct penalty from the Operation Performance Security Deposit or pay compensation Deposit, the Liquidated Damage amount applicable for the shortfall in capacity pursuant to the Company whatever applicable this Contract and notify the Company thereby.
(C) thirty (30) Days of the end of each Contract Year, in the case of Article 8.3
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
