Common use of Termination for ESCOM’s Default Clause in Contracts

Termination for ESCOM’s Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.2 above, Company may deliver a Default Notice to the ...ESCOM in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the ESCOM to remedy the same. At the expiry of 90 days from the delivery of this default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the Default Notice has been remedied, Company may deliver a Termination Notice to ..ESCOM. Company may terminate this Agreement by delivering such a Termination Notice to ...ESCOM and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and Company shall stand discharged of its obligations. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both Company and...ESCOM, to remedy, Company shall render all reasonable co- operation to enable the event of Default to be remedied. 9.3.2

Appears in 3 contracts

Samples: Power Purchase Agreement, prms.karnataka.gov.in, prms.karnataka.gov.in

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Termination for ESCOM’s Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.2 above, Company may deliver a Default Notice to the .....ESCOM in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the ESCOM to remedy the same. At the expiry of 90 30 (thirty) days from the delivery of this default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the Default Notice has been remedied, Company may deliver a Termination Notice to ..ESCOM. Company may terminate this Agreement by delivering such a Termination Notice to .....ESCOM and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and Company shall stand discharged of its obligations. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both Company and...and ..ESCOM, to remedy, Company shall render all reasonable co- co-operation to enable the event of Default to be remedied. 9.3.2.

Appears in 1 contract

Samples: Draft Power Purchase Agreement

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Termination for ESCOM’s Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.2 above, Company may deliver a Default Notice to the ...ESCOM in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the ESCOM to remedy the same. At the expiry of 90 days from the delivery of this default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the Default Notice has been remedied, Company may deliver a Termination Notice to ..ESCOM. Company may terminate this Agreement by delivering such a Termination Notice to ...ESCOM and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and Company shall stand discharged of its obligations. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both Company and...ESCOM, to remedy, Company shall render all reasonable co- co-operation to enable the event of Default to be remedied. 9.3.2

Appears in 1 contract

Samples: karunadu.karnataka.gov.in

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