Common use of Notification of Change in Law Clause in Contracts

Notification of Change in Law. 12.3.1 In case of any decrease or increase in project cost occurs due to Change in Law in accordance with Article 12 and the WPD wishes to claim a Change in Law under this Article, it shall give notice to the SECI and Buying Utility (s) of such Change in Law as soon as reasonably practicable (but no later than 60 days from the date of occurrence of such Change in Law). 12.3.2 Any notice service pursuant to this Article 12.3.1 and 12.1.3, shall provide, amongst other things, precise details of the Change in Law and its effect on the Project Cost, supported by documentary evidences including Statutory Auditor Certificate to this effect so as to establish one to one correlation and its impact on the Project Cost.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

AutoNDA by SimpleDocs

Notification of Change in Law. 12.3.1 In case of any decrease or increase in project cost occurs due to Change in Law in accordance with Article 12 and the WPD HPD wishes to claim a Change in Law under this Article, it shall give notice to the SECI and Buying Utility (s) of such Change in Law as soon as reasonably practicable (but no later than 60 30 days from the date of occurrence of such Change in Law). 12.3.2 Any notice service pursuant to this Article 12.3.1 and 12.1.3, shall provide, amongst other things, precise details of the Change in Law and its effect on the Project Cost, supported by documentary evidences including Statutory Auditor Certificate to this effect so as to establish one to one correlation and its impact on the Project Cost.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Notification of Change in Law. 12.3.1 In case of any increase or decrease or increase in project cost the Project Cost occurs due to Change in Law affecting the Tariff payable under the PPA, in accordance with Article 12 and 12, the WPD wishes to claim a Change in Law under this Article, it SPD shall give serve notice to SECI, and SECI to the SECI and Buying Utility (s) of such Change in Law as soon as reasonably practicable (but no later than 60 days from the date of occurrence of such Change in Law). 12.3.2 Any notice service pursuant to this Article 12.3.1 and 12.1.3, shall provide, amongst other things, precise details of the Change in Law and its effect on the Project Cost, supported by documentary evidences including Statutory Auditor Certificate to this effect so as to establish one to one correlation and its impact on the Project Cost.

Appears in 1 contract

Samples: Power Purchase Agreement

Notification of Change in Law. 12.3.1 8.3.1 In case of any decrease or increase in project Project cost occurs due to Change in Law affecting the Tariff payable under the PPA, in accordance with Article 12 and 8, the WPD wishes to claim a Change in Law under this Article, it shall give notice to the SECI and Buying Utility (s) of such Change in Law as soon as reasonably practicable (but no not later than 60 days from the date of occurrence of such event of Change in Law). 12.3.2 8.3.2 Any notice service pursuant to this Article 12.3.1 8.3.1 and 12.1.38.1.3, shall provide, amongst other things, precise details of the Change in Law and its effect on the Project Cost, supported by documentary evidences including Statutory Auditor Certificate to this effect so as to establish one to one correlation and its impact on the Project Cost.

Appears in 1 contract

Samples: Power Sale Agreement

AutoNDA by SimpleDocs

Notification of Change in Law. 12.3.1 In case of any decrease or increase in project cost occurs due to Change in Law in accordance with Article 12 and the WPD SPD wishes to claim a Change in Law under this Article, it shall give notice to the SECI and Buying Utility (s) of such Change in Law as soon as reasonably practicable (but no later than 60 days from the date of occurrence of such Change in Law). 12.3.2 Any notice service pursuant to this Article 12.3.1 and 12.1.3, shall provide, amongst other things, precise details of the Change in Law and its effect on the Project Cost, supported by documentary evidences including Statutory Auditor Certificate to this effect so as to establish one to one correlation and its impact on the Project Cost.

Appears in 1 contract

Samples: Power Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!