Common use of Termination for ESCOM Event of Default Clause in Contracts

Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 (Ninenty) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 9 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 120 (NinentyOne hundred and Twenty) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 (NinentyNinety) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer SPG or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer SPG is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 Ninety (Ninenty9) days of receipt of notice thereof issued by the Developer SPG and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 1 contract

Samples: Power Purchase Agreement

Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "β€œESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 (NinentyNinety) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 1 contract

Samples: Pumped Hydro Storage Power Procurement Agreement

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Termination for ESCOM Event of Default. β€Œ Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 (NinentyNinety) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 1 contract

Samples: Power Purchase Agreement

Termination for ESCOM Event of Default. Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and ESCOM 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 30 (thirty) days, ESCOM shall be deemed to be in default of this Agreement (a "ESCOM Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Developer or due to Force Majeure. The defaults referred to herein shall include the following: a) ESCOM has unreasonably withheld or delayed grant of any approval or permission which the Developer is obliged to seek under this Agreement, and thereby caused or likely to cause Material Adverse Effect; b) ESCOM is in material breach Material Breach of any of its obligations, under this Agreement and has failed to cure such breach within 90 120 (NinentyOne hundred and Twenty) days of receipt of notice thereof issued by the Developer and which has led to the Project forfeiting the benefits accruing under Applicable Law; c) ESCOM has unlawfully repudiated this Agreement or otherwise expressed its intention not to be bound by this Agreement; d) Any representation made or warranty given by ESCOM under this Agreement has been found to be false or misleading.

Appears in 1 contract

Samples: Power Purchase Agreement

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