Common use of Satisfaction of conditions subsequent by the SPD Clause in Contracts

Satisfaction of conditions subsequent by the SPD. The SPD agrees and undertakes to duly perform and complete all of the following activities at the SPD’s own cost and risk within two hundred and ten (210) days from the date of signing of this Agreement, unless such completion is affected by any Force Majeure event, or if any of the activities is specifically waived in writing by DISCOM (1) For obtaining all Consents, Clearances and Permits required for supply of power to DISCOM as per the terms of this Agreement; (2) For making project financing agreements and completing financial closure and shall provide necessary documents to DISCOM in this regard; (3) For making adequate arrangements to connect the Power Project switchyard with the Interconnection Facilities at the Delivery Point; (4) For producing the documentary evidence of the clear title and possession of the acquired land @ minimum 1.5 hectare /MW in the name of SPD. In this regard the SPD shall be required to furnish the following documentary evidences – a. Ownership or lease hold rights (for at least 30 years) in the name of the SPD and possession of 100% of the area of land required for the Project. b. Certificate by the concerned and competent revenue/registration authority for the acquisition/ownership/vesting of the land in the name of the SPD. c. Sworn affidavit from the Authorized person of the SPD listing the details of the land and certifying total land required for the Project under clear possession of the SPD. d. A certified English translation from an approved translator in case above land documents are in languages other than English and Hindi.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement