Common use of Purchaser’s Condition Precedent Clause in Contracts

Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorizations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2.8.2.2 The Purchaser shall have completed the construction and the completion of such construction along with readiness of the power plant for lighting up has been certified by an Independent Engineer within the Condition Precedent Period 2.8.2.3 Applicable to Purchaser who has signed FSA without entering into long-term PPA: The Purchaser shall have to furnish the long term Power Purchase Agreements (PPA) either directly with Distribution Companies (DISCOMs) or through Power Trading Company (ies) (PTC) who has / have signed back to back PPA(s) (long-term) with DISCOMs within the Condition Precedent (CP) period as per clause 2.8.3.1.

Purchaser’s Condition Precedent. 2.8.2.1 The Purchaser shall have obtained from the lawful authority all necessary clearances, authorizationsauthorisations, approvals and permissions required for, construction, commissioning, operation and maintenance of the Plant 2.8.2.2 The Purchaser shall have completed the construction and the completion of such construction along with readiness of the power plant for lighting up has been certified by an Independent Engineer within the Condition Precedent Period.. 2.8.2.3 Applicable to Purchaser who has signed FSA without entering into long-term PPAPPA : The Purchaser shall have to furnish the long term Power Purchase Agreements (PPA) either directly with Distribution Companies (DISCOMs) or through Power Trading Company (ies) (PTC) who has / have signed back to back PPA(s) (long-term) with DISCOMs within the Condition Precedent (CP) period as per clause 2.8.3.1.