खरीददार (en. Procurer)

While specifying the benchmark rates for each of these components of energy charges, the power procurer shall ensure the following.

However, the Seller and the Procurer may mutually agree for commencement of supply of power in a phased manner from the Revised Scheduled Delivery Date (s) as specified in of this Agreement.

The procurer must act with the requisite knowledge of the existence of the contract and intention to interfere with its performance: a 'two-fold requirement'.

Liquidated Damages for delay in commencement of supply of power to Procurer 4.8.1.

While inviting the bids, the power procurer will specify in advance the benchmark rates for the following components of the fuel/energy charges in their composite tariff bids for the bid year.

If the then existing Contract Performance Guarantee is for an amount which is less than the amount of the liquidated damages payable by the Seller to the Procurer under this, then the Seller shall be liable to forthwith pay the balance amount within ten (10) days of the invocation of the Contact Performance Guarantee by the Procurer.

"Such ""Payment on Order instrument"" would have terms and conditions similar to that of any Bank Guarantee given by any public sector bank and would promise to pay the Procurer on demand within stipulated time".