Payment Security. 9.4.1 MSEDCL shall provide to the SPV, in respect of payment of its Bills and/or Supplementary Bills, a monthly unconditional, revolving and irrevocable letter of credit (“Letter of Credit”), opened and maintained which may be drawn upon by the SPV in accordance with this Article 9.
Appears in 17 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement