Termination Payment. 13.7.1 If Agreement is terminated on account of Force Majeure Events, non-requirement of any Element or Project during Construction, Nodal Agency’s non-fulfilment of Role & TSP’s Event of Default, the TSP shall be entitled for Termination Payment equivalent to valuation of Project Assets. Upon payment, the Nodal Agency shall take over the Project Assets.
Appears in 28 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Transmission Service Agreement
Termination Payment. 13.7.1 If Agreement is terminated on account of Force Majeure Events, non-non- requirement of any Element or Project during Construction, Nodal Agency’s non-non- fulfilment of Role Role& TSP’s Event of Default, the TSP shall be entitled for Termination Payment equivalent to valuation of Project Assets. Upon payment, the Nodal Agency shall take over takeover the Project Assets.
Appears in 1 contract
Samples: Transmission Service Agreement
Termination Payment. 13.7.1 If Agreement is terminated on account of Force Majeure Events, non-non- requirement of any Element or Project during Construction, Nodal Agency’s non-fulfilment of Role & TSP’s Event of Default, the TSP shall be entitled for Termination Payment equivalent to valuation of Project Assets. Upon payment, the Nodal Agency shall take over the Project Assets.
Appears in 1 contract
Samples: Transmission Service Agreement
