Payment Security Mechanism definition

Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;
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Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.1.10 of this Agreement “PM-KUSUSM “ Pradhan Mantri Xxxx Xxxxxxxx xxxx Xxxxxxx Xxxxxxxxxxx- A scheme notified by the Ministry of New and Renewable Energy Government of India with Guidelines for Implementation of Feeder Level Solarisation under Component-C of PM-XXXXX Scheme issued on date 4-12- 2020.
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Payment Security Mechanism shall have the meaning ascribed thereto in Article 7.7 of this PPA; “Construction Performance Bank Guarantee” or “C-PBG” Means the irrevocable, unconditional bank guarantee, to be submitted by the Power Producer to Nodal Agency in the form as mentioned in RFP and which shall include any additional bank guarantee furnished by the Power Producer under this PPA, if any;
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Examples of Payment Security Mechanism in a sentence

  • The fund will be created as per the Guidelines and Payment Security Mechanism (PSM) guidelines, if any.

  • It is however, specifically agreed that the payment of money becoming due from the SECI to the RPD under this Agreement for supply of power to the extent of the Contracted Capacity shall not be on a back to back basis and will be as per the recourse under the Payment Security Mechanism provided in the PPA and PSA SECI shall discharge the tariff payment obligation in terms of the provisions of this Agreement.

  • It is however, specifically agreed that the payment of money becoming due from the SECI to the SPD under this Agreement for supply of Solar Power to the extent of the Contracted Capacity shall not be on a back to back basis and will be as per the recourse under the Payment Security Mechanism provided in the PPA and PSA.


More Definitions of Payment Security Mechanism

Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement; “Performance shall mean the irrevocable unconditional bank guarantee, Bank Guarantee” submitted by the SPD to NODAL RAILWAY in the form attached hereto as Schedule 1;
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Payment Security Mechanism means the payment security as provided to the JVCO and as described in Section 3;
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Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement; “Power Project” or “Project” : shall mean the MSW power generation facili ty of installed capacity of 70 MW, located at Arjun Das Camp in New Delhi. This includes all equipment of the Waste -to-Energy facility along with auxiliaries such as water supply, treatment or storage facilities; bay/ s for transmission system in the switchyard, dedicated transmission line up to the Delivery Point and all the other assets, buildings/ structures, equipment, plant and machinery, facilities and related assets required for the efficient and economic operation of the power generation facilit y; whether completed or at any stage of development and construction or intended to be developed and constructed forthe purpose of supply of power as per this Agreement; “Power Purchase Agreement” or “PPA” : This agreement. The PPA is the Power Purchase Agreement entered between theREPD and NDMC for the purchase of the power generated by the Project and purchased from the REPD by the NDMC.
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Payment Security Mechanism shall have the meaning ascribed thereto in Article 6.4 of this Agreement; “Preliminary Default shall have the meaning ascribed thereto in Article 9 of this Agreement; Notice” Project / Projects Shall mean the solar power generation facility located at the Base Camp having separate delivery point having a separate boundary. This includes all plants and machinery, XXXX (if required), buildings/structures, facilities and related assets required for the efficient and economic operation of the power generation facility; whether completed or at any stage of development and construction or intended to be developed and constructed for the purpose of supply of power as per this Agreement more detailed at Schedule-II;
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Payment Security Mechanism means Letter of Credit or Letter of Credit backed by Escrow Account as per the agreement:Provided that, advance payment shall constitute payment security if there are no outstanding dues:Provided further that the payment security may be for a shorter duration or lower capacity in case of generating company, if there are no outstanding dues:
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Payment Security Mechanism shall have the meaning ascribed thereto in Clause 13.6 of this Agreement.
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Related to Payment Security Mechanism

  • U.S. Government Securities Business Day means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • U.S. Government Obligations means securities which are (i) direct obligations of The United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by The United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.10(e) of the Sale and Servicing Agreement.]