Common use of Guarantee Fund Clause in Contracts

Guarantee Fund. 3.6.1 A fund of INR 100,00,00,000 (Indian Rupees One Hundred Crores only) for every 1 (one) Giga Watt or part thereof of commissioned projects under the MSKVY 2.0 shall be earmarked and a revolving credit guarantee for enhancing payment security for the solar power developers under MSKVY 2.0 has been established (“Guarantee Fund”).

Appears in 6 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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