Common use of Payment Mechanism Clause in Contracts

Payment Mechanism. 6.3.1 All payment to be made by MSEDCL to the Generator under this Agreement shall be made by RTGS / Electronic Transfer. For payment through RTGS / Electronic Transfer the Generator shall submit the notarized affidavit on Rs. 200/- stamp paper mentioning the name of the bank alongwith bank & account details, in accordance with the provisions of Clause 6.2 above.

Appears in 6 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Payment Mechanism. 6.3.1 All payment to be made by MSEDCL to the Generator under this Agreement shall be made by RTGS / Electronic Transfer. For payment through RTGS / Electronic Transfer the Generator shall submit the notarized affidavit on Rs. 200/- stamp paper mentioning the name of the bank alongwith along with bank & account details, in accordance with the provisions of Clause 6.2 above.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement

Payment Mechanism. 6.3.1 All payment to be made by MSEDCL to the Generator under this Agreement shall be made by RTGS / Electronic Transfer. For payment through RTGS / Electronic Transfer the Generator shall submit the notarized affidavit on Rs. 200/- stamp paper mentioning the name of the bank alongwith bank & account details, in accordance with the provisions of Clause 6.2 above.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement