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

Penalties in case of Delayed Commissioning. 10.5.1 Under normal circumstances the Project has to be commissioned within nine months from the date of signing of this Agreement. In case of failing to achieve this milestone, Solar Power Procurer shall encash the Performance Bank Guarantee which was submitted by Solar Developer to the Solar Power Procurer at time of entering the PPA, in the following manner:

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Penalties in case of Delayed Commissioning. 10.5.1 10.4.1 Under normal circumstances the Project has to be commissioned within nine months 180 days from the date of signing of this Agreement. In case of failing to achieve this milestone, Solar Power Procurer shall encash the Performance Bank Guarantee which was submitted by Solar Developer to the Solar Power Procurer at time of entering the PPA, in the following manner:

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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