Penalty for Delay in Commissioning. The Project shall be commissioned by the Scheduled Commercial Operation Date. In case of failure to achieve this milestone, GUVNL shall encash the Performance Bank Guarantee (PBG) in the following manner.
Appears in 20 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Penalty for Delay in Commissioning. The Project shall be commissioned by the Scheduled Commercial Operation Date. In case of failure to achieve this milestone, GUVNL shall have right to encash the Performance Bank Guarantee (PBG) in the following manner.
Appears in 2 contracts
