Refund of Security. Amounts provided by Seller as Contract Security will be refunded to Seller by NYSERDA as follows:
Refund of Security. Amounts provided by Seller as Contract Security will be refunded to Seller by NYSERDA as follows:
(a) In their entirety, upon the achievement by the Bid Facility of an SoQ and Operational Certification, if the Installed Capacity is equal to or greater than the Bid Capacity.
(b) At a prorated amount, upon the achievement by the Bid Facility of an SoQ and Operational Certification, if the Installed Capacity is less than the Bid Capacity. Such amount that will be refunded, expressed as a percentage of the total Contract Security, will be equal to the Installed Capacity divided by the Bid Capacity.
Refund of Security. The amount provided by Seller as Contract Security will be returned or refunded to Seller by NYSERDA as follows:
a. In the amount of fifty percent (50%) of the amount provided if the Bidder elects to terminate this Agreement on or before July 15, 2007.
b. In its entirety if the Bid Capacity of the Bid Facility that enters Commercial Operation on or before the Commercial Operation Milestone Date is equal to or greater than the Bid Capacity of the Bid Facility described in the Bid Proposal.
c. At a prorated amount if the Bid Capacity of the Bid Facility that enters Commercial Operation on or before the Commercial Operation Milestone Date is less than the Bid Capacity of the Bid Facility described in the Bid Proposal. Such amount that will be returned, expressed as a percentage of the total Contract Security, will be equal to Bid Capacity of the Bid Facility that enters Commercial Operation on or before the Commercial Operation Milestone Date divided by the Bid Capacity of the Bid Facility described in the Bid Proposal.
Refund of Security. Amounts required by Seller as Contract Security will be reduced and refunded by NYSERDA to Seller as follows: Within thirty (30) Business Days of XXXXXXX’s receipt of an Independent Engineer’s report (which may be the same report submitted for purposes of Section 2.01(c) of this Agreement) demonstrating that the Operational Installed Capacity equals or exceeds the product of 0.95 and the Offer Capacity. On a prorated basis, expressed as a fraction of the Contract Security equal to the Operational Installed Capacity divided by the product of 0.95 and the Offer Capacity, within thirty (30) Business Days of NYSERDA’s receipt of an attestation from the appropriate representative of Seller that the Operational Installed Capacity is greater than zero and less than the product of 0.95 and the Offer Capacity. For clarity, the cumulative total amount of Contract Security returned to Seller under this Section 15.06(b) at any point in time shall not exceed the amount equal to the Contract Security multiplied by the Operational Installed Capacity at that point in time divided by the product of 0.95 and the Offer Capacity.
Refund of Security. Amounts provided by Contractor as Contract Security will be refunded by NYSERDA as follows:
a. In their entirety, upon the achievement of Commercial Operation, if the Installed Capacity is equal to or greater than the Bid Capacity.
b. At a prorated amount, upon the achievement of Commercial Operation, if the Installed Capacity is less than the Bid Capacity. Such amount that will be refunded, expressed as a percentage of the total Contract Security, will be equal to the Installed Capacity divided by the Bid Capacity.
Refund of Security. 1.10.1 On expiry of the period of license the contractor may, if he does not intend to have his license renewed, make an application to the licensing officer for the refund of the security deposited by him under Rule 24. If the licensing officer is satisfied that there is breach of the conditions of license or there is no order under section 14 for the forfeiture of security or any portion thereof, he shall direct the refund of the security to the applicant.
1.10.2 If there is any order directing the forfeiture of any portion of the security the amount to be forfeited shall be deducted from the security deposit, and balance, if any, refunded to the applicant.
1.10.3 Any application for refund shall, as far as possible be disposed of within 60 days of the receipt of the application.
Refund of Security. Amounts required by Seller as Contract Security will be reduced and refunded by NYSERDA to Seller as follows:
(a) Within thirty (30) Business Days of NYSERDA’s receipt of an attestation from the appropriate representative of Seller that the Operational Installed Capacity equals or exceeds the product of 0.95 and the Offer Capacity.
(b) On a prorated basis, expressed as a fraction of the Contract Security equal to the Operational Installed Capacity divided by the product of 0.95 and the Offer Capacity, within thirty (30) Business Days of NYSERDA’s receipt of an attestation from the appropriate representative of Seller that the Operational Installed Capacity is greater than zero and less than the product of 0.95 and the Offer Capacity. For clarity, the cumulative total amount of Contract Security returned to Seller under this Subsection 15.05(b) at any point in time shall not exceed the amount equal to the Contract Security multiplied by the Operational Installed Capacity at that point in time divided by the product of 0.95 and the Offer Capacity.
Refund of Security. Amounts required by Grant Recipient as Contract Security will be refunded by NYSERDA to Grant Recipient within thirty (30) Business Days of Commencement of Construction and satisfaction of the other requirements set forth in Section IV.E.2.a; provided that (i) Contract Security shall not be refunded an Event of Default is ongoing or if a Termination Event occurs and (ii) NYSERDA shall have the right in its sole discretion to retain the Contract Security until Substantial Completion in the event that construction is delayed or suspended prior to the refund of Contract Security.
Refund of Security. Amounts required by Seller as Contract Security will be reduced and refunded by NYSERDA to Seller as follows: 58
Refund of Security. Deposit The total Security Deposit deducted from the running bills shall be refunded (equivalent BG released) only after the completion of the Performance Guarantee Period/Extended Performance Guarantee period, if any (Amended vide Govt. memo No. 140.880/1246/2018/19/Yo Bhopal dt. 06-04-18) 31 Clause 31 Price adjustment shall be applicable As per Annexure R and as below: (a) The price Adjustment shall apply only in respect of Labour, Cement, Steel, Bitumen , Plant & Machinery Spares, POL and Other Materials components. (b) Price Adjustment shall be applicable only in case of Probable Amount of Contract (PAC) in NIT is more than Rs ten Cr. This clause shall not have any bearing with the Contract Amount. Xxxxxx 31 Weight ages of Component in the work (Amended As per vide Govt. Order No. F-53-55-2018-19- Yo-1314bhopal dated 28-3- Component Percentage of Component in the work B.T. Road Construction B.T. Renewal Rigid Pavement Construction Bridge Works Labour 10% 10% 10% 20% GCC Clause Particulars Data 2018 ) component-P1 Cement component -Pc 5% 0% 23% 15% Steel component -Ps 5% 0% 12% 20% Bitumen component-Pb 20% 30% 0% 0% POL component -Pf 10% 10% 10% 10% Plant & Machinery Spares component -Pp 5% 5% 5% 5% Other Materials component-Pm 45% 45% 40.88% 30% 32 Clause 32.1 Mobilization and Construction Machinery Advance Applicable No Mobilization and Construction Machinery Advance Payable Clause 32.2If yes, Unconditional Bank Guarantee Not Applicable Clause 32.3 If yes, Rate of interest chargeable on advances Not Applicable Clause 32.4 If yes, Type & Amount of Advance payment that can be paid Not Applicable Clause 32.5 If yes, Recovery of advance payment Not Applicable 33 Clause 33.1 Secured Advance Applicable Not Applicable Clause 33.2 if yes, Unconditional Bank Guarantee Not Applicable Clause 33.2 if yes, Amount of Secured Advance Not Applicable Clause 33.3 if yes, Conditions for secured advance Not Applicable Clause 33.4 if yes, Recovery of Secured advance Not Applicable 35 Completion Certificate – after physical completion of the Work As per 'Annexure - U' Final Completion Certificate – after final payment on completion of the Work As per 'Annexure- V' 36 Competent Authority University Engineer, Jiwaji University, Gwalior 39 Salient features of some of the major labour laws that are applicable As per 'Annexure-W' 41 Competent Authority Registrar, Jiwaji University, Gwalior
