Common use of Rebate Clause in Contracts

Rebate. For payment of any Bill including Supplementary Bill on or before Due Date, the following Rebate shall be paid by the SPD to SECI in the following manner. a) A Rebate of 1.5% shall be payable to the SECI for the payments made within a period of 10 (ten) days of the presentation of hard copy of Bill. b) Any payments made after ten (10) days up to and including the 30th Day from the date of presentation of Bill through hard copy, shall be allowed a rebate of 1 %. For the above purpose, the date of presentation of Bill shall be the next Business Day of delivery of the physical copy of the Bill at SECI.

Appears in 9 contracts

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

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Rebate. For payment of any Bill including Supplementary Bill on or before Due Date, the following Rebate shall be paid by the SPD RPD to SECI in the following manner. a) A Rebate of 1.5% shall be payable to the SECI for the payments made within a period of 10 (ten) days of the presentation of hard copy of Bill. b) Any payments made after ten (10) days up to and including the 30th Day from after the date of presentation of Bill through hard copy, shall be allowed a rebate of 1 %. For the above purpose, the date of presentation of Bill shall be the next Business Day of delivery of the physical copy of the Bill at SECI.

Appears in 5 contracts

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

Rebate. For payment of any Bill including Supplementary Bill on or before Due Date, the following Rebate shall be paid by the SPD WPD to SECI in the following manner. a) A Rebate of 1.5% shall be payable to the SECI for the payments made within a period of 10 (ten) days of the presentation of hard copy of Bill. b) Any payments made after ten (10) days up to and including the 30th Day from the date of presentation of Bill through hard copy, shall be allowed a rebate of 1 %. For the above purpose, the date of presentation of Bill shall be the next Business Day of delivery of the physical copy of the Bill at SECI.

Appears in 3 contracts

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

Rebate. For payment of any Bill including Supplementary Bill on or before Due Date, the following Rebate shall be paid by the SPD HPD to SECI in the following manner. a) A Rebate of 1.5% shall be payable to the SECI for the payments made within a period of 10 (ten) days of the presentation of hard copy of Bill. b) Any payments made after ten (10) days up to upto and including the 30th Day from day after the date of presentation of Bill through hard copy, shall be allowed a rebate of 1 %. For the above purpose, the date of presentation of Bill shall be the next Business Day of delivery of the physical copy of the Bill at SECI. .

Appears in 3 contracts

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

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Rebate. For payment of any Bill including Supplementary Bill on or before Due Date, the following Rebate shall be paid by the SPD RPD to SECI in the following manner. a) A Rebate of 1.5% shall be payable to the SECI for the payments made within a period of 10 (ten) days of the presentation of hard copy of Bill. b) Any payments made after ten (10) days up to and including the 30th Day from after the date of presentation of Bill through hard copy, shall be allowed a rebate of 1 1%. For the above purpose, the date of presentation of Bill shall be the next Business Day of delivery of the physical copy of the Bill at SECI.

Appears in 1 contract

Samples: Power Purchase Agreement