Common use of Release of Performance Security Clause in Contracts

Release of Performance Security. Subject to other provisions of this Agreement, APDCL shall release the Performance Security, if any after eighteen (18) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of APDCL under this Agreement.

Appears in 8 contracts

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

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Release of Performance Security. Subject to other provisions of this Agreement, APDCL shall release the Performance Security, if any after eighteen (18) months within 30 days from the Successful Commissioning of the Plant in line with the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of APDCL under this Agreement.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Engineering, Procurement & Construction Agreement

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Release of Performance Security. Subject to other provisions of this Agreement, APDCL shall release the Performance Security, if any after eighteen fifteen (1815) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of APDCL under this Agreement.

Appears in 1 contract

Samples: Power Purchase Agreement

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