Common use of IN PERIOD AND TERMINATION OF THE AGREEMENT Clause in Contracts

IN PERIOD AND TERMINATION OF THE AGREEMENT. 17.1 Lock-in Period Subject to Clause17.2, the Parties shall not be allowed to terminate this Agreement for a period of 2 (two) years from the Signature Date (“Lock-in Period”) for any reasons whatsoever. In the event that the Purchaser terminates the Agreement prior to expiry of the Lock-in Period for reasons other than on account of the Seller’s default, the Seller shall be entitled to invoke the Performance Security in its entirety and the Purchaser shall be disqualified from participating in the immediately subsequent tranche of any auction for the non-regulated sector conducted by SCCL.

Appears in 3 contracts

Samples: E Fuel Supply Agreement, E Fuel Supply Agreement, E Fuel Supply Agreement

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IN PERIOD AND TERMINATION OF THE AGREEMENT. 17.1 Lock-in Period Subject to Clause17.2Clause 17.2, the Parties shall not be allowed to terminate this Agreement for a period of 2 (two) years from the Signature Date (“Lock-in Period”) for any reasons whatsoever. In the event that the Purchaser terminates the Agreement prior to expiry of the Lock-in Period for reasons other than on account of the Seller’s default, the Seller shall be entitled to invoke the Performance Security in its entirety and the Purchaser shall be disqualified from participating in the immediately subsequent tranche of any auction for the non-regulated sector conducted by SCCL.

Appears in 2 contracts

Samples: E Fuel Supply Agreement, E Fuel Supply Agreement

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IN PERIOD AND TERMINATION OF THE AGREEMENT. 17.1 Lock-in Period Subject to Clause17.2Clause 17.2, the Parties shall not be allowed to terminate this Agreement for a period of 2 (two) years from the Signature Date (“Lock-in Period”) for any reasons whatsoever. In the event that the Purchaser terminates the Agreement prior to expiry of the Lock-in Period for reasons other than on account of the Seller’s default, the Seller shall be entitled to invoke the Performance Security in its entirety and the Purchaser shall be disqualified from participating in the immediately subsequent tranche of any auction for the non-non- regulated sector conducted by SCCL.

Appears in 1 contract

Samples: Preliminary and Tentative Draft

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