Common use of Treatment of Ongoing Contracts Clause in Contracts

Treatment of Ongoing Contracts. 5.4.3.1 Distribution Franchisee (DF) shall be responsible for administering and maintaining the ongoing contracts entered into by DISCOM 5.4.3.2 DF may carry out amendment in contracts, if need be, except for capital works in progress subject to contractual obligations between DISCOM and the respective Contractor. The DF shall keep DISCOM completely indemnified in this regard. 5.4.3.3 DF may take up and complete the work in progress for Capital Investment in case the DISCOM so desires and deduct the investments from the input energy amount payable to the DISCOM. 5.4.3.4 Any legal liability or any other such liability on completed contracts shall be borne by DISCOM and DF shall be completely indemnified in this regard.

Appears in 4 contracts

Samples: Distribution Franchise Agreement, Distribution Franchise Agreement, Distribution Franchisee Agreement

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