…ESCOM Default. The occurrence of any of the following at any time during the Term of this Agreement shall constitute an Event of Default by Corporation: a. Failure or refusal by...ESCOM to perform its financial and other material obligations under this Agreement. b. In the event of any payment default by the ...ESCOM for a continuous period of three months, the Company shall be permitted to sell Electricity to third parties by entering into a wheeling & banking Agreement with the …ESCOM for which it shall pay transmission and other charges to the ESCOM at the rates applicable from time to time and as approved by the Commission …ESCOM Default: Failure or refusal by...ESCOM to pay two consecutive monthly tariff or to perform its financial and other material obligations under this Agreement.
Appears in 3 contracts
Samples: Power Purchase Agreement, prms.karnataka.gov.in, karunadu.karnataka.gov.in
…ESCOM Default. The occurrence of any of the following at any time during the Term of this Agreement shall constitute an Event of Default by Corporation: a. 1. Failure or refusal by...ESCOM to perform its financial and other material obligations under this Agreement. b. 2. In the event of any payment default by the ...ESCOM for a continuous period of three months, the Company shall be permitted to sell Electricity to third parties by entering into a wheeling & banking Agreement with the …ESCOM for which it shall pay transmission and other charges to the ESCOM at the rates applicable from time to time and as approved by the Commission …ESCOM Default: Failure or refusal by...ESCOM to pay two consecutive monthly tariff or to perform its financial and other material obligations under this Agreement.
Appears in 1 contract
Samples: prms.karnataka.gov.in
