Letter of Credit (LC). 3.1 The Discom shall provide to NTPC, in respect of payment of its Monthly Bills, a single, unconditional, revolving and irrevocable letter of credit (“Letter of Credit”), opened and maintained by the Discom, which may be drawn upon by NTPC in accordance with this Article. The Discom shall provide NTPC draft of the Letter of Credit proposed to be provided to NTPC two (2) months before the Scheduled Commissioning Date.
Appears in 4 contracts
Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement
