Common use of Third Party Sales by the Seller Clause in Contracts

Third Party Sales by the Seller. 10.5.1 Notwithstanding anything to the contrary contained in this Agreement, upon the occurrence of any of the following event(s), the Seller shall be entitled to regulate power supply of Solar PV power; i) Default in making payment by the 30hday from the Due Date, ii) Non-recoupment of LC by the 30thday of its operation. iii) Non-availability of LC for operation and for its required value by the 30thday of the Due Date. 10.5.2 The Seller shall issue the Notice for Regulation of Power Supply on the date above and shall give a notice of 7 days to start the regulation on the 8th day. 10.5.3 Regulation of Power Supply would be on pro-rata basis i.e., in the ratio of amount due and unpaid to total amount due against the relevant Monthly Xxxx. In case of shortfall in amount of LC available, the right to regulate shall be in the ratio of shortfall in LC maintained /available to the total amount of LC required. 10.5.4 In order to avoid any doubts, it is illustrated that: i) In the event of a xxxx amounting to Rs. 25 Crore is unpaid to the extent of Rs.

Third Party Sales by the Seller. 10.5.1 Notwithstanding anything to the contrary contained in this Agreement, upon the occurrence of any of the following event(s), the Seller shall be entitled to regulate power supply of Solar PV power; i) Default in making payment by the 30hday from the Due Date, ii) Non-recoupment of LC by the 30thday of its operation. iii) Non-availability of LC for operation and for its required value by the 30thday of the Due Date. 10.5.2 The Seller shall issue the Notice for Regulation of Power Supply on the date above and shall give a notice of 7 days to start the regulation on the 8th day. 10.5.3 Regulation of Power Supply would be on pro-rata basis i.e., in the ratio of amount due and unpaid to total amount due against the relevant Monthly XxxxBill. In case of shortfall in amount of LC available, the right to regulate shall be in the ratio of shortfall in LC maintained /available to the total amount of LC required. 10.5.4 In order to avoid any doubts, it is illustrated that: i) In the event of a xxxx bill amounting to Rs. 25 Crore is unpaid to the extent of Rs.