Common use of Period of the Agreement Clause in Contracts

Period of the Agreement. a. The period/term of the agreement for the E-Cars/E-Vehicles shall be as follows: • Tata Tigor EV/Mahindra eVerito: This agreement shall be valid for a period of 6 (six) years from the date of delivery of the E-Car to the CLIENT or the payment of 72 monthly lease rentals to the CLIENT after the delivery of the entire set of E-Cars to the CLIENT. • Tata Nexon EV/Hyundai KONA Electric/MG ZS EV: This agreement shall be valid for a period of 8 (eight) years from the date of delivery of the E-Car to the CLIENT or the payment of 96 monthly lease rentals to the CLIENT after the delivery of the entire set of E-Cars to the CLIENT. b. Upon termination of this agreement by efux of time or otherwise under the terms of this agreement, the CLIENT shall on its own, without any demand and on at its cost and expense, forthwith return and deliver to ANERT the E-Cars/E-Vehicles in good, proper and running condition. In case of default by the CLIENT, ANERT shall be entitled to take possession of the E-Cars/E-Vehicles from the premises of the CLIENT or from wherever the said vehicles are found kept and all expenses in this regard shall be realized from the CLIENT.

Period of the Agreement. a. The period/term of the agreement for the E-Cars/E-Vehicles shall be as follows: • Tata Tigor EV/Mahindra eVerito: This agreement shall be valid for a period of 6 (six) years from the date of delivery of the E-Car to the CLIENT or the payment of 72 monthly lease rentals to the CLIENT after the delivery of the entire set of E-Cars to the CLIENT. • Tata Nexon EV/Hyundai KONA Electric/MG ZS EV: This agreement shall be valid for a period of 8 (eight) years from the date of delivery of the E-E- Car to the CLIENT or the payment of 96 monthly lease rentals to the CLIENT after the delivery of the entire set of E-Cars to the CLIENT. b. Upon termination of this agreement by efux efflux of time or otherwise under the terms of this agreement, the CLIENT shall on its own, without any demand and on at its cost and expense, forthwith return and deliver to ANERT the E-E- Cars/E-Vehicles in good, proper and running condition. In case of default by the CLIENT, ANERT shall be entitled to take possession of the E-Cars/E-E- Vehicles from the premises of the CLIENT or from wherever the said vehicles are found kept and all expenses in this regard shall be realized from the CLIENT.