Pursuant to Article 4. 12.1, an Employee may terminate employment by giving notice to the Board no later than 15 March.
Pursuant to Article 4. 1.1 (l), SECI shall set up a payment security fund for Wind Power Projects in order to ensure timely payment. This fund will have a corpus to cover 3 months’ payment.
Pursuant to Article 4. 11.13.1, an Employee may terminate employment by giving notice to the Board no later than 15 March. 4.11.13.4 A fixed-term appointment may be terminated by mutual consent at any time.
Pursuant to Article 4. 2.6, if parties have not mutually extended the time period as stipulated under Article 2.1.3 and the order from the SERC and/or CERC (as applicable) is issued within the timeline as per Article 2.1.3, no extension for Financial Closure or Scheduled Commissioning Date shall be given. However, if the requisite SERC and/or CERC (as applicable) order is issued after the timeline as per Article 2.1.3, this shall entail a corresponding extension in Scheduled Financial Closure and the Scheduled Commissioning Date for equal number of days for which the SERC and / or CERC order has been delayed beyond such period as specified in Article 2.1.3. Provided further that in case, the order of adoption of Tariff and/or procurement approval from CERC and/or SERC as required under Article 2.1.3 above is not received or delayed, either Party shall not be liable for payment of any compensation to other Party for any loss or damage on account of such delay in availability or non-availability of the approval of CERC/SERC, as the case may be.
Pursuant to Article 4. 2.6, If parties have mutually extended the time period as stipulated under Article 2.1.1 and the order from the SERC and/ or CERC (as applicable) is issued within the timeline as per Article 2.1.3, no extension for Financial Closure or Scheduled Commissioning Date shall be given. However, if the requisite SERC and/ or CERC (as applicable) order is issued after the timeline as per Article 2.1.3, this shall entail a corresponding extension in Scheduled Financial Closure and the Scheduled Commissioning Date for equal number of days for which the SERC and / or CERC order has been delayed beyond such period as specified in Article 2.1.3.
Pursuant to Article 4. 2.1(d) of the Agreement, the importer, at the request of the customs administration of the Participant of import, will demonstrate that the good was shipped in accordance with Article 3.16 (Transit and Transhipment) of the Agreement by providing that Participant’s customs administration with:
Pursuant to Article 4. 1.1 (l), SECI shall set up a payment security fund for Solar Power Projects in order to ensure timely payment. This fund will have a corpus from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the SPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the SPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Pursuant to Article 4. 1.1 (l), SECI shall set up a payment security fund for Hybrid Power Projects in order to ensure timely payment. This fund will have a corpus from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the HPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the HPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Pursuant to Article 4. 2.6, if parties have not mutually extended the time period as stipulated under Article 2.1.3 and the order from the Appropriate Commission is issued within the timeline as per Article 2.1.3, no extension for SCSD shall be given. However, if the requisite Appropriate Commission’s order is issued after the timeline as per Article 2.1.3, this shall entail a corresponding extension in SCSD for equal number of days for which the order has been delayed beyond such period as specified in Article 2.1.3. In case of any difference between the date of signing of PPA and the Effective Date of the PPA, which is attributable to the SPD, such duration between the two dates (in terms of days), will be deducted from the above extension in the corresponding milestone. Provided further that in case, the order of adoption of Tariff by the Appropriate Commission as required under Article 2.1.3 above is not received or delayed, either Party shall not be liable for payment of any compensation to other Party for any loss or damage on account of such delay in approval of the Appropriate Commission.
Pursuant to Article 4. 1.1 (l), SECI may set up a payment security fund for Wind Power Projects in order to ensure timely payment. The fund will be created as per the Guidelines and Payment Security Mechanism (PSM) guidelines, if any. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the WPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the WPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
