Common use of Performance Bank Guarantee Clause in Contracts

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.

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Purchase Agreement

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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.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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