TSP’s Event of Default. The occurrence and continuation of any of the following events shall constitute a TSP Event of Default, unless any such TSP Event of Default occurs as a result of any non-fulfilment of its obligations as prescribed under this Agreement by the Nodal Agency or a Force Majeure Event: a. After having taken up the construction of the Project, the abandonment by the TSP or the TSP's Contractors of the construction of the Project for a continuous period of two (2) months and such default is not rectified within thirty (30) days from the receipt of notice from the Nodal Agency in this regard; b. The failure to commission any Element of the Project by the date falling six
Appears in 3 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Standard Transmission Service Agreement
TSP’s Event of Default. The occurrence and continuation of any of the following events shall constitute a TSP Event of Default, unless any such TSP Event of Default occurs as a result of any non-non- fulfilment of its obligations as prescribed under this Agreement by the Nodal Agency or a Force Majeure Event:
a. After having taken up the construction of the Project, the abandonment by the TSP or the TSP's Contractors of the construction of the Project for a continuous period of two (2) months and such default is not rectified within thirty (30) days from the receipt of notice from the Nodal Agency in this regard;
b. The failure to commission any Element of the Project by the date falling six
Appears in 1 contract
Samples: Transmission Service Agreement
