Common use of Rebate Clause in Contracts

Rebate. For payment of Monthly Bill by XXXXX, if paid before Due Date of Payment, a Rebate shall be deducted by GUVNL at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz. (SBI MCLR rate + 7%) = 52

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Rebate. For payment of Monthly Bill by XXXXX, if paid before Due Date of Payment, a Rebate shall be deducted by GUVNL at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz. (SBI MCLR rate + 7%) = 52per week or part thereof.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Rebate. For payment of Monthly Bill Xxxx by XXXXXGUVNL, if paid before Due Date of Payment, a Rebate shall be deducted by GUVNL at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz. (SBI MCLR rate + 7%) = 52

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Rebate. For payment of Monthly Bill by XXXXX, if paid before Due Date of Payment, a Rebate shall be deducted by GUVNL at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz. (SBI MCLR rate + 7%) per week or part thereof. = 52

Appears in 2 contracts

Samples: Storage Purchase Agreement, Storage Purchase Agreement

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Rebate. For payment of Monthly Bill by XXXXX, if paid before Due Date of Payment, a Rebate shall be deducted by GUVNL at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz. (SBI MCLR rate + 7%) = 52=

Appears in 1 contract

Samples: Power Purchase Agreement

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