Common use of Return of Performance Bank Guarantee Clause in Contracts

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this Agreement. 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning Commercial Operation Date of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this AgreementProject. 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / return/ release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / damages/ penalties due to delays in commissioning as per provisions stipulated in this Agreement. 3.4.2 The return / return/ release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this AgreementAgreement and subsequent to the deposit of a Performance Guarantee Deposit (PGD) @Rs. 10 lakhs/MW/Project for the entire Contracted Capacity and in case of SPDs not availing any positive VGF, demonstration / infusion cumulative capital in the form of Equity for an amount of at least Rs 1.20 Cr./MW). 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this Agreement. 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.. and subsequent to

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this AgreementAgreement and subsequent to i) Deposit of a Bank Guarantee equivalent to 20% of eligible VGF amount ii) and in case of SPDs not availing any VGF, demonstration / infusion cumulative capital in the form of Equity for an amount of at least Rs1.0 Cr./MW). 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning CoD of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this Agreement. 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, SECI shall return / release the Performance Bank Guarantee immediately after the successful Commissioning of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this AgreementAgreement and subsequent to demonstration / infusion cumulative capital in the form of Equity for an amount of at least Rs1.0 Cr./MW). 3.4.2 The return / release of the Performance Bank Guarantee shall be without prejudice to other rights of SECI under this Agreement.