Common use of Penalties in case of Delayed Commissioning Clause in Contracts

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months from the date of signing of this Agreement. In case of failing to achieve this milestone, DISCOM shall encash the Performance Bank Guarantee which was submitted by Solar Developer to the DISCOM at time of entering the PPA, in the following manner: Contracted Capacity commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months /15 months from the date of signing of this Agreement. In case of failing to achieve this milestone, the DISCOM shall encash the Performance Bank Guarantee which was submitted by Solar Developer the solar developer to the DISCOM at time of entering the PPAthis Agreement, in the following manner: Contracted Capacity commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months/15 months from the date of signing of this Agreement. In case of failing to achieve this milestone, the DISCOM shall encash the Performance Bank Guarantee which was submitted by the Solar Developer to the DISCOM at time of entering the PPAthis Agreement, in the following manner: Contracted Capacity commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months / 15 months from the date of signing of this Agreement. In case of failing to achieve this milestone, the DISCOM shall encash the Performance Bank Guarantee which was submitted by Solar Developer the solar developer to the DISCOM at time of entering the PPAthis Agreement, in the following manner: Contracted Capacity Xxxxxxxx commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months from the date of signing of this Agreement. In case of failing to achieve this milestone, DISCOM shall encash the Performance Bank Guarantee which was submitted by Solar Developer to the DISCOM at time of entering the PPA, in the following manner: Contracted Capacity Xxxxxxxx commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months from the date of signing of this Agreement. In case of failing to achieve this milestone, the DISCOM shall encash the Performance Bank Guarantee which was submitted by the Solar Developer to the DISCOM at time of entering the PPAthis Agreement, in the following manner: Contracted Capacity Xxxxxxxx commissioned but with delay:

Penalties in case of Delayed Commissioning. Under normal circumstances the Project has to be commissioned within 12 months from the date of signing of this Agreement. In case of failing to achieve this milestone, the DISCOM shall encash the Performance Bank Guarantee which was submitted by the Solar Developer to the DISCOM at time of entering the PPAthis Agreement, in the following manner: Contracted Capacity commissioned but with delay: