Common use of CRS Clause in Contracts

CRS. (b) In case the Commissioning of the Project is delayed beyond the date as indicated in 5.13.1 (c), the Contracted Capacity shall stand reduced/ amended to the Part Capacity Commissioned till date. Procurement of the balance capacity shall be at the sole discretion of the Procurer and the AFC for the same shall be lower of the (a) the rates discovered in the latest competitive bid in the country for providing storage services from any technology, or (b) 75% of the AFC quoted by the Developer. (c) In case of delay in commissioning of the PHESS due to Force Majeure or due to reasons beyond the reasonable control of the Developer, Procurer may extend the Scheduled COD after examining the issue on a case-to-case basis, subject to extension of requisite performance security by the developer. Any decision of the Procurer shall be binding on the Developer. (d) ▇▇▇▇▇▇▇▇ will share the computation of penalty in accordance with clause 5.13.3 (a) above and share the statement of computation with the Developer.

CRS. (b) In case the Commissioning of the Project is delayed beyond the date as indicated in 5.13.1 (c), the Contracted Capacity shall stand reduced/ amended to the Part Capacity Commissioned till date. Procurement of the balance capacity shall be at the sole discretion of the Procurer and the AFC for the same shall be lower of the (a) the rates discovered in the latest competitive bid in the country for providing storage services from any technology, or (b) 75% of the AFC quoted by the Developer. (c) In case of delay in commissioning of the PHESS due to Force Majeure or due to reasons beyond the reasonable control of the Developer, Procurer may extend the Scheduled COD after examining the issue on a case-to-case basis, subject to extension of requisite performance security by the developer. Any decision of the Procurer shall be binding on the Developer. (d) ▇▇▇▇▇▇▇▇ will share the computation of penalty in accordance with clause 5.13.3 5.13.3 (a) above and share the statement of computation with the Developer.