Pursuant to Article 4 Clause Samples
The phrase "Pursuant to Article 4" serves to reference and incorporate the terms, conditions, or requirements set out in Article 4 of a contract or legal document. In practice, this clause directs the reader or parties to follow the specific provisions detailed in Article 4, which may address topics such as payment terms, obligations, or procedures. Its core function is to ensure clarity and precision by explicitly linking actions or obligations to the relevant section of the agreement, thereby reducing ambiguity and potential disputes over interpretation.
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Pursuant to Article 4. 2.6, if parties have not mutually extended the time period as stipulated under Article 2.1.3 and the order from the Appropriate Commission is issued within the timeline as per Article 2.1.3, no extension for SCSD shall be given. However, if the requisite Appropriate Commission’s order is issued after the timeline as per Article 2.
Pursuant to Article 4. 11.13.1, an Employee may terminate employment by giving notice to the Board no later than 15 March.
Pursuant to Article 4. 1.1 (i), SECI may set up a payment security fund for Solar Power Projects in order to ensure timely payment. The fund will be created as per the Guidelines and Payment Security Mechanism (PSM) guidelines, if any. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the SPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the SPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Pursuant to Article 4. 2.6, if parties have not mutually extended the time period as stipulated under Article 2.1.3 and the order from the SERC and/or CERC (as applicable) is issued within the timeline as per Article 2.1.3, no extension for Financial Closure or Scheduled Commissioning Date shall be given. However, if the requisite SERC and/or CERC (as applicable) order is issued after the timeline as per Article 2.1.3, this shall entail a corresponding extension in Scheduled Financial Closure and the Scheduled Commissioning Date for equal number of days for which the SERC and / or CERC order has been delayed beyond such period as specified in Article 2.1.
Pursuant to Article 4. 1.1 (l), SECI may set up a payment security fund for Hybrid Power Projects in order to ensure timely payment. The fund will be created as per the Guidelines and Payment Security Mechanism (PSM) guidelines, if any. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the HPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the HPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Pursuant to Article 4. 1.1 (l), SECI shall set up a payment security fund for Wind Power Projects in order to ensure timely payment. This fund will have a corpus to cover 3 months’ payment.
Pursuant to Article 4. 1.1 (i), SECI shall set up a payment security fund for RE Projects in order to ensure timely payment to the RPD. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the RPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the RPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Pursuant to Article 4. 1.1 (l), SECI shall set up a payment security fund for Hybrid Power Projects in order to ensure timely payment. This fund will have a corpus to cover 3 months’ payment.
Pursuant to Article 4. 2.1(d) of the Agreement, the importer, at the request of the customs administration of the Participant of import, will demonstrate that the good was shipped in accordance with Article 3.16 (Transit and Transhipment) of the Agreement by providing that Participant’s customs administration with:
(a) bill(s) of lading or waybill(s) indicating the shipping route and all points of shipment and transhipment prior to the importation of the good; and
(b) if the good is transported through the territory of a non-participant, a copy of the customs control documents indicating to that customs administration that the good remained under customs control while in that non- participant territory.
Pursuant to Article 4. 1.1 (i), SECI may set up a payment security fund for RE Projects in order to ensure timely payment. The fund will be created as per the Guidelines and Payment Security Mechanism (PSM) guidelines, if any. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the RPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the RPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).