Common use of Payment Security Fund Clause in Contracts

Payment Security Fund. 3.15. In addition to provisions contained in Article 3(A) and (B) above, the Discoms shall provide Payment Security Fund, which shall be suitable to support payment of at least 3 (three) months’ billing, through additional LC Third Party Sales by NTPC

Payment Security Fund. 3.15. In addition to provisions contained in Article 3(A) and (B) above, the Discoms shall provide Payment Security Fund, which shall be suitable to support payment of at least 3 (three) months’ billing, through additional LC Third Party Sales by NTPC.

Payment Security Fund. 3.15. In addition to provisions contained in Article 3(A) and (B) above, the Discoms shall may choose to provide Payment Security Fund, which shall be suitable to support payment of at least 3 (three) months’ billing, through additional LC Third Party Sales by NTPCLC.