CONDITIONS SUBSEQUENT TO BE SATISFIED BY SELLER/ PROCURER Sample Clauses

CONDITIONS SUBSEQUENT TO BE SATISFIED BY SELLER/ PROCURER. Seller’s Obligation The Seller shall be responsible for making application for Open Access approval as per Open Access Regulation in vogue at its own cost, failing which EMD/CPG shall be forfeited. The Seller shall provide to the Procurer, Contract Performance Guarantee(s) as per the format specified in Annexure 1 of this Agreement. The Seller agrees and undertakes to obtain necessary permissions for scheduling of contracted power up to delivery point at Seller’s own cost and risk and ensure the commencement of supply from the first day of the Term of the Agreement. The Seller shall be responsible for intimating Procurer two clear days in advance before revising the schedules in accordance with applicable regulations. Procurer’s obligation The procurer shall make payment of the energy bill as mentioned in Article 5.3 of this PPA. Contract Performance Guarantee (CPG) The Seller shall be required to furnish CPG within 7 (seven) Days from the date of letter of award issued by the Procurer for an amount calculated at Rs. 2 lakhs per MW per month(30 days, 24 hours and same shall be reduced on pro-rata basis) of contract period or part thereof.
Sample 1
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CONDITIONS SUBSEQUENT TO BE SATISFIED BY SELLER/ PROCURER 
Sample 1

Related to CONDITIONS SUBSEQUENT TO BE SATISFIED BY SELLER/ PROCURER

  • Customer Support and Closing A. Agent shall provide support to Referred Client in their evaluation and negotiation for the purchase or sale of real estate in addition to the following duties:

  • SERVICE REQUIREMENTS FOR REFERRED CLIENTS A. Agent agrees to respond to any communications from a Referred Client within two (2) hours after receipt if such communication is received between 9:00am to 5:00pm local time. For communications received outside of these hours, Agent agrees to respond by 10:00am the next day.

  • COMPLETE AGREEMENT; AMENDMENTS This Agreement is the complete and exclusive agreement between the parties with respect to the subject matter contemplated thereby. No modifications to this Agreement shall be made or binding unless made in writing and signed by all parties to this Agreement.

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • Representations and Warranties Borrower represents and warrants as follows:

  • OTHER APPLICABLE TERMS & CONDITIONS 5.1. All registered E-bidders at PAH website shall undertake to fully comply with the Terms and Conditions herein. In addition all successful E-Bidders shall also be bound by the terms and conditions as stipulated in the Proclamation of Sale.

  • Representations and Warranties of the Company The Company represents and warrants to each Underwriter that:

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • COMPLIANCE WITH LAWS AND AUTHORITY Each party shall comply with all applicable laws, rules and regulations in connection with the representation of a Referral including federal and state licensing laws. Each party represents and warrants that it is duly authorized to enter into this Agreement and perform its obligations thereunder. Each natural person signing this Agreement on behalf of an entity represents and warrants that he/she has the requisite authority to so bind the entity.

  • Environmental Matters Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

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