Effecton liabilityofDISCOM Sample Clauses
The 'Effect on liability of DISCOM' clause defines how the obligations and liabilities of the electricity distribution company (DISCOM) are impacted under certain circumstances specified in the contract. Typically, this clause clarifies whether events such as force majeure, regulatory changes, or other contractual events alter, suspend, or limit the DISCOM's responsibility to perform or pay under the agreement. For example, if a force majeure event occurs, the clause may specify that the DISCOM is temporarily relieved from certain liabilities. The core function of this clause is to allocate risk and provide clarity on when and how the DISCOM's liabilities may be adjusted, ensuring both parties understand their rights and responsibilities in exceptional situations.
Effecton liabilityofDISCOM. 8.3.1 Notwithstanding any liability or obligation that may arise under this Agreement, anyloss, damage, liability, payment, obligation or expense which is insured or not or forwhich the SPG can claim compensation, under any Insurance shall not be charged toor payable by . It is for the SPG to ensure that appropriate insurance coverageistakenforpaymentbytheinsurerfortheentirelossandthereisnounderinsuran ce orshortadjustmentetc.
9.1 TheSPGshallbeentitledtoreceivetheTariffof perkWh,fixedfor PPA for Feeder Level Solarization under PM ▇▇▇▇▇ Component-C Page 23 of 43 theentiretermof25years(unlessextendedbyboththepartiesonmutualagreement), with effect from the COD, for the power sold to asreflectedinthe State Energy Accounts published by SLDC Guajrat.