Common use of Termination for Concessionaire Default Clause in Contracts

Termination for Concessionaire Default. 17.1.1 Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and the Concessionaire fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60 (sixty) days, the Concessionaire shall be deemed to be in default of this Agreement ("Concessionaire Event of Default") unless such event has occurred as a result of a Force Majeure Event or DTIDCL Event of Default: (a) At any time during the Concession Period, the Concessionaire fails to adhere to the O&M Requirements in terms of requirements set out in schedule 3 and 4; (b) The Concessionaire is in Material Breach of any of its obligations under this Agreement and the same has not been remedied for more than sixty (60) days or such time provided by DTIDCL; (c) The Concessionaire has abandoned the Project Site(s); (d) A resolution has been passed by the shareholders’ of the Concessionaire for voluntary winding up/ dissolution of the Concessionaire;

Termination for Concessionaire Default. 17.1.1 Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and the Concessionaire fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60 15 (sixtyfifteen) days, the Concessionaire shall be deemed to be in default of this Agreement ("Concessionaire Event of Default") unless such event has occurred as a result of a Force Majeure Event or DTIDCL Event of Default: (a) At any time during the Concession Period, the Concessionaire fails to adhere to the O&M Requirements in terms of requirements set out in schedule 3 and 4;4; (An Enterprise of GNCTD) Marketing, Operation and Maintenance of BQS on PPP basis Concession Agreement for Zone (b) The Concessionaire is in Material Breach of any of its obligations under this Agreement and the same has not been remedied for more than sixty fifteen (6015) days or such time provided by DTIDCL;DTIDCL; (c) The Concessionaire has abandoned the Project Site(s);Site(s); (d) A resolution has been passed by the shareholders’ of the Concessionaire for voluntary winding up/ dissolution of the Concessionaire;Concessionaire;

Termination for Concessionaire Default. 17.1.1 Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and the Concessionaire fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 60 15 (sixtyfifteen) days, the Concessionaire shall be deemed to be in default of this Agreement ("Concessionaire Event of Default") unless such event has occurred as a result of a Force Majeure Event or DTIDCL Event of Default: (a) At any time during the Concession Period, the Concessionaire fails to adhere to the O&M Requirements in terms of requirements set out in schedule 3 and 4; (b) The Concessionaire is in Material Breach of any of its obligations under this Agreement and the same has not been remedied for more than sixty fifteen (6015) days or such time provided by DTIDCL; (c) The Concessionaire has abandoned the Project Site(s); (d) A resolution has been passed by the shareholders’ of the Concessionaire for voluntary winding up/ dissolution of the Concessionaire;