Common use of Event of Abandonment Clause in Contracts

Event of Abandonment. If the Distribution Franchisee ceases to operate all and/or any substantial part of the Distribution System for a period of forty-eight (48) consecutive hours without the prior written consent of DISCOM, then DISCOM or its designates shall be entitled to immediately enter any and/or all of the site(s) and operate the Distribution System, provided however that: An event of abandonment shall not have been set to occur, if the cessation of operation has resulted from - (i) an event of Force Majeure; or (ii) a scheduled outage; or It is however expressly agreed that if the Distribution Franchisee is proceeding with diligence and good faith to overcome or remedy such event and such event is overcome or remedied within a further period of forty-eight (48) hours, then such an event shall not be treated as an event of abandonment.

Appears in 4 contracts

Samples: Distribution Franchise Agreement, Distribution Franchise Agreement, Distribution Franchisee Agreement

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