SJVN definition
Examples of SJVN in a sentence
For payment of any Bill on or before Due Date, the following Rebate shall be paid by the SPD to SJVN in the following manner.
Provided that, SJVN shall permit assignment of any of SPD’s rights and obligations underthis Agreement in favour of the lenders to the SPD, if required under the FinancingAgreements.
Such extension charges are required to be paid by SPD to SJVN in advance, for the period of extension sought for.
An Affected Party means SJVN or the SPD whose performance has been affected by an event of Force Majeure.
SJVN shall have the right to recover the said damages by way of forfeiture of bank guarantee/POI, if any, without prejudice to resorting to any other legal course or remedy.
Prior to declaration of commencement power supply, the SPD shall submit COD certificate for the corresponding Installed Capacity to SJVN as part of the requisite documents.
In the event of Change in Shareholding/Substitution of Promoters triggered by the Financial Institutions leading to signing of fresh PPA with a new entity,an amount of Rs. 10 Lakh per Project+ 18% GST per transaction as facilitation fee (non-refundable) shall be deposited by the SPD to SJVN.
The damages/dues recovered by SJVN by encashing the PBG/POI, upon the default of the SPD under the PPA, shall be credited to the payment security fund maintained by SJVN.
Any obligation of SJVN being intermediary Procurer shall be deemed to be the obligation of Buying Entity(ies) with which SJVN has / will executePower Sale Agreement.
Provided that, such consent shall not be withheld if SJVN seeks to transfer to any transferee all of its rights and obligations under this Agreement.