Common use of SPD’s Obligations Clause in Contracts

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and c) the commencement of supply of power up to the Contracted Capacity to SECI no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 4.1.1. The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining Obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and; b) designingDesigning, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and. c) the The commencement of supply of power up to the Contracted Capacity to SECI NTPC no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and; d) connecting Connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and; e) owning Owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining Maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project the selected Solar-PV Power Projects (selected under the “State Specific Bundling Scheme” of Batch-II Tranche-I of NSM Phase-II after Commercial Operation Datecommencement of supply of power; and g) fulfilling Fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and. c) the commencement of supply of power up to the Contracted Capacity to SECI NVVN no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project Second Batch projects after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s SPD‟s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and c) the commencement of supply of power up to the Contracted Capacity to SECI no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less more than 5150% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The 4.1. 1The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and c) the commencement of supply of power up to the Contracted Capacity to SECI no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and; c) the commencement of supply of power up to the Contracted Capacity to SECI no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and; d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery PointPoint/ Designated substation as specified by the SPIA; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debenturescapital) prevalent at on the time of signing Effective Date of PPA in the Company/Consortium developing the project up to a period of one (1) year for project after Commercial Operation DateCOD. However transfer of controlling shareholding within the same Group Companies will be allowed with the permission of SECI after COD subject to the condition that the management control remains within the same Group Companies; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and. c) the commencement of supply of power up to the Contracted Capacity to SECI NVVN no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project new projects after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.

SPD’s Obligations. 4.1.1 The SPD undertakes to be responsible, at SPD’s own cost and risk, for: a) obtaining all Consents, Clearances and Permits other than those obtained under Article 3.1 and maintaining all Consents, Clearances and Permits in full force and effect during the Term of this Agreement; and b) designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices; and. c) the commencement of supply of power up to the Contracted Capacity to SECI Electricity Department Daman no later than the Scheduled Commissioning Date and continuance of the supply of power throughout the term of the Agreement; and d) connecting the Power Project switchyard with the Interconnection Facilities at the Delivery Point; and e) owning the Power Project throughout the Term of Agreement free and clear of encumbrances, except those expressly permitted under Article 15; f) maintaining its controlling shareholding (controlling shareholding shall mean not less than 51% of the voting rights and paid-up share capital (including fully, compulsory and mandatory convertible Preference shares/Debentures) prevalent at the time of signing of PPA up to a period of one (1) year for project Second Batch projects after Commercial Operation Date; and g) fulfilling all obligations undertaken by the SPD under this Agreement.