Common use of Return of Performance Bank Guarantee Clause in Contracts

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPD. 3.3.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Guarantee / Payment on Order Instrument within 30 45 days after the successful commencement of Power power supply from the Project Project, after taking into account any liquidated damages / penalties penalty due to delays in commencement of power supply beyond the SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPDRPD. 3.3.2 The return / release of the Performance Bank Guarantee/ Guarantee / Payment on Order Instrument shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties penalty due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPDWPD. 3.3.2 3.4.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPD. 3.3.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument POI within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPDHPD. 3.3.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument POI shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.23.3, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument POI within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPDHPD. 3.3.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument POI shall be without prejudice to other rights of SECI under this Agreement.

Return of Performance Bank Guarantee. Payment on Order Instrument 3.3.1 Subject to Article 3.2, SECI shall return / release the Performance Bank Guarantee/ Payment on Order Instrument within 30 days after the successful commencement of Power supply from the Project after taking into account any liquidated damages / penalties due to delays in commencement of power supply beyond SCSD as per provisions stipulated in this Agreement. PBG may be returned on pro-rata basis subsequent to commencement of supply from part-capacity of the Project, based on the request by the SPD. 3.3.2 3.4.2 The return / release of the Performance Bank Guarantee/ Payment on Order Instrument shall be without prejudice to other rights of SECI under this Agreement.