Distribution Licensee Sample Clauses
The 'Distribution Licensee' clause defines the entity authorized to distribute electricity within a specified area under a legal license. This clause typically outlines the rights and obligations of the licensee, such as maintaining the distribution network, ensuring reliable supply, and complying with regulatory standards. By clearly identifying the responsible party and their duties, the clause ensures accountability and regulatory compliance in the distribution of electricity.
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Distribution Licensee. The Rural System Operator may terminate the PPA and shall be free to sale power to third party provided connectivity can be established or Rural System Operator can claim Distribution Licensee to compensate Rural System Operator at Buyout price equivalent to prevalent book value of the Off‐ Grid Rural Energy System. .
Distribution Licensee. (herein after called as DISCOM) and having its registered office at........................................................................... (address)........................ ..............................as second party of the agreement.
Distribution Licensee. In case of BPWA with or without Banking agreement