Common use of Release of Performance Security Clause in Contracts

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve (12) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve 12 (12twenty four) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve 12 (12twelve) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve (12) months from the Scheduled Commissioning Date. Date.(CoD) The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve (12) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to 6 This amount shall be equivalent to 40% of total Performance Security other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve (12) months from after the Scheduled successful Commissioning Dateof the PHSP Project after taking into account any liquidated damages / penalties due to delays in commissioning as per provisions stipulated in this Agreement. The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.

Release of Performance Security. Subject to other provisions of this Agreement, ESCOM shall release the Performance Security, if any after twelve (12) months from the Scheduled Commissioning Date. The release of the Performance Security shall be without prejudice to other rights of ESCOM under this Agreement.. 5 This amount shall be equivalent to 20% of total Performance Security 6 This amount shall be equivalent to 40% of total Performance Security 7 This amount shall be equivalent to 40% of total Performance Security