Examples of Franchisee Agreement in a sentence
We further understand and agree that if the project is awarded to us on the strength of this undertaking and this undertaking is found to be incorrect post award of project, this will be treated as Event of Default in terms of Article 16.1 of the Distribution Franchisee Agreement and dealt with as provided for in that article.
By accepting the Franchisee and executing this Distribution Franchisee Agreement, the Distribution Franchisee accepts and agrees to comply with the provisions of this Distribution Franchisee Agreement and the Electricity Xxx 0000 and regulations framed thereunder.
Without prejudice to its other rights, DISCOM shall have the first and paramount charge over all receivables of Franchisee at all times for all the amounts becoming due from Franchisee to DISCOM under this Distribution Franchisee Agreement.
Notwithstanding this Joint Audit Report, the Input Energy Rates quoted by the Distribution Franchisee with the Financial Proposal and accepted by the WESCO Utility for the contract period shall remain unchanged.4.5 Effect of AcceptanceBy accepting the Franchisee and executing this Distribution Franchisee Agreement, the Distribution Franchisee accepts and agrees to comply with the provisions of this Distribution Franchisee Agreement and the Act.
The Distribution Franchisee Agreement shall be entered into between WESCO UTILITY and the successful Bidder selected by WESCO UTILITY through an open and transparent competitive bidding process.
Cases of excessive billing, if any, during the last three months shall be jointly identified by the DISCOM and DF and shall be referred to the high level committee envisaged under Annexure – 4 ‘Procedure for recovery of arrears’ in the Distribution Franchisee Agreement.
With the advices by the Company’s external legal adviser, the directors are of the opinion that the Franchisee would not be entitled or able to (i) exercise the option to resell the underlying franchise licence to the Group, or (ii) demand the Group payment of the merchandising assistance in promoting the products of Xswim Technology, on the ground that the Franchisee Agreement was likely to be void and not enforceable by the courts of Hong Kong, at which the Franchisee Agreement was construed.
Further, Net Franchisee Fees (upon adjustment of revenue from consumers in Project Area) shall be payable from the date of commissioning of Off‐Grid Renewable Energy System through the Term of the Franchisee Agreement as per escalation factors (if applicable), as outlined in the following Table.
This Franchisee Agreement shall automatically stand terminated in case distribution network of the Distribution Licensee reaches the Project Area and the grid connectivity to the Off‐Grid Renewable System of the Rural System Operator can be easily established.
Vakrangee shall be entitled to terminate this Agreement by written notice of 30 (thirty) days to the Franchisee, if the Franchisee does not achieve his/her targets for three consecutive months, applicable from a gestation period of 1 year from the date of Franchisee Agreement.