Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 60 contracts
Samples: Power Purchase Agreement, Storage Purchase Agreement, Storage Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 25 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 19.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 19 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Transmission Service Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956/2013.
Appears in 12 contracts
Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 18.10.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 12 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Transmission Service Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 17.6.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the tothe extent provided in the Indian Companies Act, 2013.
Appears in 9 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s shareholder(s) of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 7 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies Act, 20131956.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 18.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies Act, 20131956 or the Companies Act, 2013 as applicable.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies Act, 20131956 or the Indian Companies Xxx 0000 as applicable.
Appears in 3 contracts
Samples: Power Purchase Agreement, Standard Power Sale Agreement, Standard Power Sale Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, in such Party, shall be restricted to the extent provided in the Indian Companies Act, 2013by law.
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement (BioCrude Technologies USA, Inc.), Power Purchase Agreement (BioCrude Technologies USA, Inc.)
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956/2013 as applicable.
Appears in 3 contracts
Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Delivery Agreement, Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties 15.17.1Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956.
Appears in 2 contracts
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956.
Appears in 2 contracts
Samples: Standard Power Sale Agreement, Standard Power Sale Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 19.15.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this AgreementPPA. Further, the financial liabilities of the shareholder/s of each Party to this AgreementPPA, in such Party, shall be restricted to the extent provided in Section 426 of the Indian Companies Act, 20131956 as amended or replaced.
Appears in 2 contracts
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.14.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies ActXxxxxxxxx Xxx, 20130000/Xxxxxxxxx Xxx, 0000.
Appears in 2 contracts
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956/2013.
Appears in 2 contracts
Restriction of Shareholders / Owners’ Liability. 17.8.1 17.6.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 2 contracts
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies Act, 20131956 or the Companies Act, 2013 as applicable.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 18.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 1 contract
Samples: Green Ammonia Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 16.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, Agreement shall be restricted to the extent provided in the Indian Companies Act, 20131956 or the Indian Companies Act 2013 as applicable.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 13.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s shareholder(s) of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.
Appears in 1 contract
Samples: Power Sale Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 17.8.1. Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013relevant act in India.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 17.9.1. Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013relevant act in India.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 16.9.1. Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013relevant act in India.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 20131956.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 18.15.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this AgreementPPA. Further, the financial liabilities of the shareholder/s of each Party to this AgreementPPA, in such Party, shall be restricted to the extent provided in Section 426 of the Indian Companies Act, 20131956 as amended or replaced.
Appears in 1 contract
Samples: Power Purchase Agreement
Restriction of Shareholders / Owners’ Liability. 17.8.1 16.8.1. Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013relevant act in India.
Appears in 1 contract
Samples: Power Purchase Agreement