Common use of Rebate Clause in Contracts

Rebate. a) For payment ofanyBill onor beforeDue Date,the followingRebate shall bepaid by the SPG to in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis article. i. For payment of Monthly Bill by , if paid before Due Date of Payment, a Rebate shall be deducted by 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%) =

Appears in 27 contracts

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

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Rebate. a) For payment ofanyBill onor beforeDue of any Bill on or before Due Date,, the followingRebate following Rebate shall bepaid be paid by the SPG to PGVCL in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis not raise any objections to the payments made under this article. i. For payment of Monthly Bill by PGVCL, if paid before Due Date of Payment, a Rebate shall be deducted by PGVCL 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.

Appears in 7 contracts

Samples: Power Purchase Agreement (Ppa), Power Purchase Agreement (Ppa), Power Purchase Agreement

Rebate. a) For payment ofanyBill onor beforeDue of any Bill on or before Due Date,, the followingRebate following Rebate shall bepaid be paid by the SPG to UGVCL in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis not raise any objections to the payments made under this article. i. For payment of Monthly Bill by UGVCL, if paid before Due Date of Payment, a Rebate shall be deducted by UGVCL 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 per week or part thereof.

Appears in 1 contract

Samples: Power Purchase Agreement

Rebate. a) For payment ofanyBill onor beforeDue of any Bill on or before Due Date,, the followingRebate following Rebate shall bepaid be paid by the SPG to PGVCL in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis not raise any objections to the payments made under this article. i. For payment of Monthly Bill by PGVCL, if paid before Due Date of Payment, a Rebate shall be deducted by PGVCL 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%) =

Appears in 1 contract

Samples: Power Purchase Agreement

Rebate. a) For payment ofanyBill onor beforeDue of any Bill on or before Due Date,, the followingRebate following Rebate shall bepaid be paid by the SPG to PGVCL in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis not raise any objections to the payments made under this article. i. For payment of Monthly Bill by PGVCL, if paid before Due Date of Payment, a Rebate shall be deducted by PGVCL 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 per week or part thereof.

Appears in 1 contract

Samples: Power Purchase Agreement (Ppa)

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Rebate. a) For payment ofanyBill onor beforeDue of any Bill on or before Due Date,, the followingRebate following Rebate shall bepaid be paid by the SPG to UGVCL in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis not raise any objections to the payments made under this article. i. For payment of Monthly Bill by UGVCL, if paid before Due Date of Payment, a Rebate shall be deducted by UGVCL 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.

Appears in 1 contract

Samples: Power Purchase Agreement (Ppa)

Rebate. a) For payment ofanyBill onor beforeDue Date,the followingRebate shall bepaid by the SPG to in the following manner and the SPG shall notraise anyobjectionsto thepayments madeunderthis article. i. For payment of Monthly Bill by , if paid before Due Date of Payment, a Rebate shall be deducted by 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 per week or part thereof.

Appears in 1 contract

Samples: Power Purchase Agreement

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