Performance Bank Guarantee. 4.2.1 The Performance Bank Guarantee furnished by Power Producer to GUVNL shall be for guaranteeing the commissioining / commercial operation of the project up to the Contracted Capacity within SCOD.
Performance Bank Guarantee. Payment on Order Instrument
Performance Bank Guarantee. 3.3.1 The Performance Bank Guarantee (PBG) having validity from the date of submission of PBG until Twenty Seven (27) months from the Effective Date and of Rs. 20 Lakh/MW to be furnished under this Agreement shall be for guaranteeing the commencement of the supply of power up to the Contracted Capacity within the time specified in this Agreement as per format provided in Schedule 1.
Performance Bank Guarantee. 6.7.1 The Performance Bank Guarantee furnished by SPV to MSEDCL shall be for guaranteeing the Commissioning/ Commercial Operation Date of the Project and its Unit(s) within Scheduled Commercial Operation Date.
Performance Bank Guarantee. 3.3.1 The Performance Bank Guarantee of Rs 30 Lakh/MW to be furnished under this Agreement shall be for guaranteeing the commencement of the supply of power up to the Contracted Capacity within the time specified in this Agreement as per format provided in Schedule1.
Performance Bank Guarantee. 4.2.1 The Performance Bank Guarantee furnished by Generator to MSEDCL shall be for guaranteeing the commissioning / commercial operation of the project / unit up to the Exportable Contracted Capacity within SCOD.
Performance Bank Guarantee. 3.3.1 The Performance Bank Guarantee having validity of twenty five (25) months from the date of issuance of LOA and of Rs. 20 Lakh/MW furnished under this Agreement shall be for guaranteeing the commencement of the supply of power up to the Contracted Capacity within the time specified in this Agreement as per format provided in Schedule1.
Performance Bank Guarantee. 4.2.1 The Performance Bank Guarantee No. dated issued by Bank [PBG shall be from the list of banks approved by Finance Department, Govt. of Gujarat vide GRs issued from time to time] and furnished by Power Producer to DISCOM shall be for guaranteeing the commissioning / commercial operation of the project up to the Contracted Capacity within SCOD.
Performance Bank Guarantee. A. The vendor has agreed to furnish the ‘Performance Bank Guarantee’@2% of assessed base rate of requirement for the item with minimum of Rs 10,000 per group of item and maximum of Rs 5.00 lakh for which the Tenderer has been selected as supplier.
Performance Bank Guarantee. Performance Bank Guarantee (PBG) in prescribed format at Annexure-III of this license agreement shall be submitted separately for each service and service area for the amount as per Annexure-II, subject to a maximum of Rs 220 Crore initially, before signing the License Agreement or subsequent authorization of service(s), as the case may be, valid for one year, from any scheduled bank or public financial institution duly authorized to issue such bank guarantee, to cover violation of license conditions and to ensure the performance under the license agreement including compliance of instructions issued by the Licensor from time to time. The PBGs shall be maintained and kept valid by the licensee during the entire currency of the license agreement. However, the Licensor may increase the value of PBGs whenever any demand is raised for non-compliance of terms and conditions of License/authorization to the extent it remains un-securitized by the existing PBGs, which shall be maintained till clearance of such demand by the licensee.
