Scheduled Date of Synchronization definition
Examples of Scheduled Date of Synchronization in a sentence
If all the generating units are not synchronized on or before the Scheduled Date of Synchronization specified for different generating units, the Company shall be liable to pay to the HPSEBL Liquidated Damages for the delay @ Rs. 1000/- (one thousand) per MW for each day of delay beyond the Scheduled Date of Synchronization subject to maximum of 180 days after which it would constitute Company Event of Default.
The Company, shall furnish an irrevocable bank guarantee amounting to Rs. 3.5 (three and half) lacs per MW in favour of the HPSEBL, atleast 3 months before the Scheduled Date of Synchronization, which may be encashed by the HPSEBL in case of failure on the part of the Company to pay Liquidated Damages within a period of 90 days of the date of demand from the HPSEBL.
If all Inverter units of the project are not synchronized on or before the Scheduled Date of Synchronization for entire capacity of the project as per Schedule-I of this PPA, the Company shall be liable to pay to the HPSEBL Liquidated Damages for the delay @ Rs. 1000/- (one thousand) per MW for each day of delay beyond the Scheduled Date of Synchronization subject to maximum of 180 days after which it would constitute Company Event of Default.