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 SPD’s own risk and cost within Six (6) months from the Effective Date, i.e. by _[insert the date which is Six (6) months from the Effective Date] unless such completion is affected by any Force Majeure event, or if any of the activities is specifically waived in writing by SECI: a) The SPD shall make Project financing arrangements and provide necessary certificates to SECI in this regard; b) The SPD shall enter into an Implementation Support Agreement with Solar Park Implementation Agency (SPIA) and/or Lease Deed/Right to Use Agreement (as applicable) with the SPPD for Land & associated infrastructure for development of the Project inside the Solar Park and for connectivity with the STU/CTU System for confirming the evacuation of power by the Scheduled Commissioning Date;. The SPD shall submit to SECI the relevant documents as stated above, complying with the Conditions Subsequent, within six (6) months from the Effective Date.

Satisfaction of conditions subsequent by the SPD. a) The SPD agrees and undertakes to duly perform and complete all of the following activities at SPD’s own risk and cost within Six Nine (69) months from the Effective Date, i.e. by _[insert the date which is Six Nine (69) months from the Effective DateDate 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 SECI: a) : The SPD shall make Project financing arrangements and provide necessary certificates to SECI in this regard; b) The SPD shall enter into an Implementation Support Agreement with Solar Park Implementation Agency (SPIA) and/or Lease Deed/Right to Use Agreement (as applicable) with the SPPD for Land & associated infrastructure for development of the Project inside the Solar Park and for connectivity with the STU/CTU STU System for confirming the evacuation of power by the Scheduled Commissioning Date;. ………..The SPD shall submit to SECI the relevant documents as stated above, complying with the Conditions Subsequent, within six Nine (69) months from the Effective DateDate of this agreement.