Common use of Return of Performance Bank Guarantee Clause in Contracts

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, NTPC shall return / release the Performance Bank Guarantee three (03) months after Commercial Operation Declaration of the Project after adjustment any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this Agreement

Return of Performance Bank Guarantee. 3.4.1 3.4.1. Subject to Article 3.3, NTPC shall return / release the Performance Bank Guarantee three (033) months after the Commercial Operation Declaration of the Project after adjustment any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this AgreementDate,

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, NTPC shall return / release the Performance Bank Guarantee three (033) months after the Commercial Operation Declaration Date of last commissioned capacity, the return / release of the Project after adjustment any liquidated damages / penalties due Performance Bank Guarantee shall be without prejudice to delays in commissioning as per provisions stipulated in other rights of NTPC under this Agreement.

Return of Performance Bank Guarantee. 3.4.1 Subject to Article 3.3, NTPC shall return / release the Performance Bank Guarantee three (033) months after the Commercial Operation Declaration Date, the return / release of the Project after adjustment any liquidated damages / penalties due Performance Bank Guarantee shall be without prejudice to delays in commissioning as per provisions stipulated in other rights of NTPC under this Agreement.