Common use of Procedure for cases of DISCOM Event of Default Clause in Contracts

Procedure for cases of DISCOM Event of Default. 5.2.1 Upon the occurrence and continuation of any Discom Event of Default under Article 5.1, NTPC shall have the right to deliver to the Discom a notice, stating its intention to terminate this Agreement (NTPC Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.

Procedure for cases of DISCOM Event of Default. 5.2.1 Upon the occurrence and continuation of any Discom Event of Default under Article 5.1, SPD or NTPC shall have the right to deliver to the Discom a notice, stating its intention to terminate this Agreement (NTPC Preliminary Default Notice), which shall specify in reasonable detail, the circumstances giving rise to the issue of such notice.