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.

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.

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.Agreement and subsequent to

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.

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).

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.. 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 CoD of the Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in 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).