Common use of ACTIONS PURSUANT TO TERMINATION OF LICENCE Clause in Contracts

ACTIONS PURSUANT TO TERMINATION OF LICENCE. 14.1 If under the LICENCE Agreement, an event occurs which entitle the LICENCOR to terminate the LICENCE Agreement, the LICENCOR shall proceed in accordance with the terms and conditions provided in the Tripartite Agreement wherever such agreement is executed and signed. In cases where no such agreement is signed the action will be taken as per the clauses given below. 14.2 Whenever the LICENCE is terminated or not extended, the LICENCOR may, in order to ensure the continuity of SERVICE, issue LICENCE to another Indian Company for running the SERVICE. In such a circumstance, the LICENCOR may issue LICENCE to a new company who has entered into an agreement with the outgoing LICENCEE for taking over the latter’s network and assets on the mutual agreed terms amongst them. However, this shall not be interpreted to fasten any liability of payment or otherwise on the LICENCOR. 14.3 The issuance of aforesaid LICENCE shall be taken as a re-issuance of old LICENCE on the old / already settled terms and conditions for the un-expired period. 14.4 On termination or surrender or expiry of the LICENCE The Financial Bank Guarantees shall be released to the LICENCEE only after ensuring clearance of all dues which the LICENCEE is liable to pay. In case of failure of the LICENCEE to pay the amounts due to the LICENCOR, the outstanding amounts shall be realised through encashment of the Financial Bank Guarantee(s) , without prejudice to any other action(s) for recovery of the amounts due to the LICENCOR.

ACTIONS PURSUANT TO TERMINATION OF LICENCE. 14.1 If under the LICENCE Agreement, an event occurs which entitle the LICENCOR LICENSOR to terminate the LICENCE Agreement, the LICENCOR LICENSOR shall proceed in accordance with the terms and conditions provided in the Tripartite Agreement wherever such agreement is executed and signed. In cases where no such agreement is signed the action will be taken as per the clauses given below. 14.2 Whenever the LICENCE is terminated or not extended, the LICENCOR LICENSOR may, in order to ensure the continuity of SERVICE, issue LICENCE to another Indian Company for running the SERVICE. In such a circumstance, the LICENCOR LICENSOR may issue LICENCE to a new company who has entered into an agreement with the outgoing LICENCEE LICENSEE for taking over the latter’s 's network and assets on the mutual agreed terms amongst them. However, this shall not be interpreted to fasten any liability of payment or otherwise on the LICENCORLICENSOR. 14.3 The issuance of aforesaid LICENCE shall be taken as a re-issuance of old LICENCE on the old / old/already settled terms and conditions for the un-expired period. 14.4 On termination or surrender or expiry of the LICENCE The Financial Bank Guarantees shall be released to the LICENCEE LICENSEE only after ensuring clearance of all dues which the LICENCEE LICENSEE is liable to pay. In case of failure of the LICENCEE LICENSEE to pay the amounts due to the LICENCORLICENSOR, the outstanding amounts shall be realised through encashment of the Financial Bank Guarantee(s) ), without prejudice to any other action(s) for recovery of the amounts due to the LICENCORLICENSOR.

ACTIONS PURSUANT TO TERMINATION OF LICENCE. 14.1 If under the LICENCE Licence Agreement, an event occurs which entitle the LICENCOR LICENSOR to terminate the LICENCE Licence Agreement, the LICENCOR LICENSOR shall proceed in accordance with the terms and conditions provided in the Tripartite Agreement wherever such agreement is executed and signed. In cases where no such agreement is signed the action will be taken as per the clauses given below. 14.2 . Whenever the LICENCE is terminated or not extended, the LICENCOR LICENSOR may, in order to ensure the continuity of SERVICEService, issue LICENCE to another Indian Company company for running the SERVICE. In such a circumstance, circumstance the LICENCOR LICENSOR may issue LICENCE to a new company who has entered into an agreement arrangement with the outgoing LICENCEE LICENSEE for taking over the latter’s network and assets on the mutual agreed terms amongst them. However, this shall not never be interpreted to fasten any liability of payment or otherwise on towards the LICENCOR. 14.3 LICENSOR. The issuance of aforesaid LICENCE shall be taken as a re-issuance of old LICENCE on the old / old/already settled terms and conditions & condition for the un-expired period. 14.4 On termination or surrender or expiry of the LICENCE The Financial the Bank Guarantees Guarantee shall be released to the LICENCEE LICENSEE only after ensuring clearance of all dues which the LICENCEE LICENSEE is liable to pay. In case of failure of the LICENCEE LICENSEE to pay the amounts due to the LICENCORLICENSOR, the outstanding amounts shall be realised through encashment of the Financial Bank Guarantee(s) , Guarantee without prejudice to any other action(s) for recovery of the amounts due to the LICENCORLICENSOR.

ACTIONS PURSUANT TO TERMINATION OF LICENCE. 14.1 If under the LICENCE Agreement, an event occurs which entitle the LICENCOR to terminate the LICENCE Agreement, the LICENCOR shall proceed in accordance with the terms and conditions provided in the Tripartite Agreement wherever such agreement is executed and signed. In cases where no such agreement is signed the action will be taken as per the clauses given below. 14.2 Whenever the LICENCE is terminated or not extended, the LICENCOR may, in order to ensure the continuity of the SERVICE, issue LICENCE to another Indian Company for running the SERVICE. In such a circumstance, the LICENCOR may issue LICENCE to a new company who has entered into an agreement with the outgoing LICENCEE for taking over the latter’s network and assets on the mutual agreed terms amongst them. However, this shall not be interpreted to fasten any liability of payment or otherwise on the LICENCOR. 14.3 The issuance of aforesaid LICENCE shall be taken as a re-issuance of old LICENCE on the old / old/already settled terms and conditions for the un-expired period. 14.4 On termination or surrender or expiry of the LICENCE The Financial Bank Guarantees shall be released to the LICENCEE only after ensuring clearance of all dues which the LICENCEE is liable to pay. In case of failure of the LICENCEE to pay the amounts due to the LICENCOR, the outstanding amounts shall be realised through encashment of the Financial Bank Guarantee(s) , without prejudice to any other action(s) for recovery of the amounts due to the LICENCOR.