Common use of Payment of Supplementary ▇▇▇▇ Clause in Contracts

Payment of Supplementary ▇▇▇▇. 2.12.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA, or ii) Payment under Article 2.13 and other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.3.

Appears in 7 contracts

Sources: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 6.9.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment under Article 2.13 and other Other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 6.9.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 6.9.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 5 contracts

Sources: Power Purchase Agreement, Power Sale Agreement, Power Purchase Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment payment under Article 2.13 and other charges, if any. ; And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 3 contracts

Sources: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 2.10.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment under Article 2.13 2.11 and other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 2.10.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 2.10.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 1 contract

Sources: Power Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment under Article 2.13 and other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 1 contract

Sources: Power Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPABESPA, or or ii) Payment under Article 2.13 and other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.3.

Appears in 1 contract

Sources: Battery Energy Storage Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 2.10.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment payment under Article 2.13 2.11 and other charges, if any. ; And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 2.10.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 2.10.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 1 contract

Sources: Power Sale Agreement

Payment of Supplementary ▇▇▇▇. 2.12.1 SECI may raise a "Supplementary ▇▇▇▇" for payment on account of: i) Change in Law as provided in Article 12 of PPA8, or ii) Payment under Article 2.13 and other Other charges, if any. And such Supplementary ▇▇▇▇ shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary ▇▇▇▇ raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary ▇▇▇▇ by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly ▇▇▇▇ in Article 2.36.3.3.

Appears in 1 contract

Sources: Power Sale Agreement