HPPCL definition

HPPCL means Himachal Pradesh Power Corporation Limited, a state-owned power generation company/utility, registered under the Borrower’s Companies Act 2013, pursuant to Certificate of Incorporation No.U40101HP2006SGC030591, having its registered offices at Himfed Building, BCS, New Shimla, Shimla HP 171009, India.
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HPPCL means Himachal Pradesh Power Corporation Limited, or any legal successor thereto acceptable to ADB;
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Examples of HPPCL in a sentence

  • The State and HPPCL shall make available, promptly as needed, the funds, facilities, services, equipment, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project.

  • The State and HPPCL shall carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB.

  • HPPCL shall announce the Project and business opportunities associated with the Project on its corporate website.

  • The State shall cause HPPCL to carry out the Project in accordance with plans, design standards, specifications, work schedules and construction methods acceptable to ADB.

  • The Borrower shall cause the State to make available to HPPCL, promptly as needed and on terms and conditions satisfactory to ADB and the Borrower, the funds, facilities, services, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project.

  • The State shall cause HPPCL to furnish to ADB, promptly after their preparation, such plans, design standards, specifications and work schedules, and any material modifications subsequently made therein, in such detail as ADB shall reasonably request.

  • The State and HPPCL shall maintain records and accounts adequate to identify the items of expenditure financed out of the proceeds of the Loan, to disclose the use thereof in the Project, to record the progress of the Project (including the cost thereof) and to reflect, in accordance with consistently maintained sound accounting principles, its operations and financial condition.

  • The State shall cause HPPCL to take out and maintain with responsible insurers, or make other arrangements satisfactory to ADB for, insurance of the Project facilities to such extent and against such risks and in such amounts as shall be consistent with sound practice.

  • HPPCL shall maintain a project management unit (“PMU”) that has the capacity to undertake the day-to-day coordination, implementation and administration of the Project Components for which HPPCL is responsible.

  • If and to the extent the provisions of this Loan Agreement and the Project Agreements assign duties and obligations to any other party than the Borrower (including, without limitation, the State, HPPCL or HPSEB), the Borrower shall ensure that such party observes those duties and performs those obligations in accordance with the relevant provisions of the Loan Agreement and/or Project Agreements.

Related to HPPCL

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  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • SWDocID [[6027980]]" "" [[6027980]] certificates actually delivered to it representing securities pledged under the Collateral Agreement or to file UCC continuation statements, (B) such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer or (C) any such loss of validity, perfection or priority is the result of any failure by the Administrative Agent to take any action necessary to secure the validity, perfection or priority of the liens, or (iii) the Guarantees pursuant to the Security Documents by any of the Loan Parties of any of the Secured Obligations shall cease to be in full force and effect (other than in accordance with the terms thereof), or shall be asserted in writing by any of the Loan Parties not to be in effect or not to be legal, valid and binding obligations; then, and in every such event (other than an event with respect to the Borrower described in paragraph (h) or (i) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding and (iii) demand cash collateral pursuant to Section 2.05(j); and in any event with respect to the Borrower described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other Secured Obligations of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

  • L.S.D. means lysergic acid diethylamide.

  • EPFO means Employees' Provident Fund Organization