Common use of Consequences of non-fulfillment of conditions subsequent Clause in Contracts

Consequences of non-fulfillment of conditions subsequent. 3.2.1 In case of a failure to submit the documents as above. NVVN shall have the right to terminate this Agreement by giving a Termination Notice to the SPD in writing of at least seven (7) days. The termination of the Agreement shall take effect upon the expiry of the 7th day of the Notice. 3.2.2 NVVN shall be entitled to encash all the Bank Guarantees submitted by the SPD. 3.2.3 For the avoidance of doubt, it is clarified that this Article shall survive the termination of this Agreement. 3.2.4 In case of inability of the SPD to fulfill any one or more of the conditions specified in Article 3.1 due to any Force Majeure event, the time period for fulfillment of the Conditions Subsequent as mentioned in Article 3.1, shall be extended for the period of such Force Majeure event. 3.2.5 Provided that due to the provisions of this Article 3.2, any increase in the time period for completion of conditions subsequent mentioned under Article 3.1, shall also lead to an equal extension in the Scheduled Commissioning Date.

Consequences of non-fulfillment of conditions subsequent. 3.2.1 In case of a failure to submit the documents as above. NVVN , SECI shall have the right to terminate this Agreement by giving a Termination Notice notice to the SPD in writing of at least seven (7) days. The termination of the Agreement shall take effect upon the expiry of the 7th day of the Noticeabove notice. 3.2.2 NVVN SECI shall be entitled to encash all the Performance Bank Guarantees submitted by the SPD. 3.2.3 For the avoidance of doubt, it is clarified that this Article shall survive the termination of this Agreement. 3.2.4 In case of inability of the SPD to fulfill any one or more of the conditions specified in Article 3.1 due to any Force Majeure event, the time period for fulfillment fulfilment of the Conditions Subsequent as mentioned in Article 3.1, shall be extended for the period of such Force Majeure event. 3.2.5 Provided that due to the provisions of this Article 3.2, any increase in the time period for completion of conditions subsequent mentioned under Article 3.1, shall also lead to an equal extension in the Scheduled Commissioning Date.

Consequences of non-fulfillment of conditions subsequent. 3.2.1 In case of a failure to submit the documents as above. NVVN Electricity Department Daman shall have the right to terminate this Agreement by giving a Termination Notice to the SPD in writing of at least seven (7) days. The termination of the Agreement shall take effect upon the expiry of the 7th day of the Notice. 3.2.2 NVVN Electricity Department Daman shall be entitled to encash all the Bank Guarantees submitted by the SPD. 3.2.3 For the avoidance of doubt, it is clarified that this Article shall survive the termination of this Agreement. 3.2.4 In case of inability of the SPD to fulfill any one or more of the conditions specified in Article 3.1 due to any Force Majeure event, the time period for fulfillment of the Conditions Subsequent as mentioned in Article 3.1, shall be extended for the period of such Force Majeure event. 3.2.5 Provided that due to the provisions of this Article 3.2, any increase in the time period for completion of conditions subsequent mentioned under Article 3.1, shall also lead to an equal extension in the Scheduled Commissioning Date.