Common use of Consequences of Termination for Distribution Franchisee Event of Default Clause in Contracts

Consequences of Termination for Distribution Franchisee Event of Default. a) Without prejudice to the other rights of DISCOM in case of termination, Distribution Franchisee shall pay all the dues payable to DISCOM on the date of termination. Distribution Franchisee shall pay dues to third parties only after the payment of all DISCOM dues. b) DISCOM has right to make good any shortfall from the Security deposit submitted in the form of Letter of Credit by Distribution Franchisee. c) DISCOM unconditionally reserves the right to claim from Distribution Franchisee any costs, expenses or loss that it may have incurred by reason of breach of failure on the part of Distribution Franchisee to observe and perform any of the terms and conditions of the agreement. d) On termination of this Agreement however occasioned, the Distribution Franchisee shall forth with deliver to DISCOM all papers including the forms used, partially used and unused receipts books, all promotional materials and documents which may have come into its possession or custody under the terms of this Agreement or otherwise.

Consequences of Termination for Distribution Franchisee Event of Default. a) Without prejudice to the other rights of DISCOM in case of termination, Distribution Franchisee shall pay all the dues payable to DISCOM on the date of termination. Distribution Franchisee shall pay dues to third parties only after the payment of all DISCOM dues. b) DISCOM has right to make good any shortfall from the Security deposit submitted in the form of Letter of Credit by Distribution Franchiseeperformance guarantee. c) DISCOM unconditionally reserves the right to claim from Distribution Franchisee any costs, expenses or loss that it may have incurred by reason of breach of failure on the part of Distribution Franchisee to observe and perform any of the terms and conditions of the agreement. d) On termination of this Agreement however occasioned, the Distribution Franchisee shall forth with deliver to DISCOM all papers including the forms used, partially used and unused receipts books, all promotional materials and documents which may have come into its possession or custody under the terms of this Agreement or otherwise.