Common use of ELECTRICITY SUPPLY/DG BACK-UP Clause in Contracts

ELECTRICITY SUPPLY/DG BACK-UP. In case CESC/any other electricity supply agency decides not to provide individual meters to the allottees and make provision for a High Tension supply or Bulk supply, the Promoter shall provide sub-meters to the allottees upon payment by them of the proportionate Security Deposit payable to CESC/ any other electricity supply agency for such connection. The exact amount payable will be intimated to the allottees at appropriate time before possession. This Security Deposit would be subject to revision and replenishment as may be so decided by CESC/ any other electricity supply agency from time to time and the allottees shall, at all times, be liable to proportionately pay such revision/replenishment to CESC/ any other electricity supply agency, as per the norms of CESC/ any other electricity supply agency. In such a case the Allottee may be required to enter into a separate agreement with the Promoter for supply of electricity through sub meters.

Appears in 4 contracts

Samples: Greement for Sale, Agreement for Sale, Agreement for Sale

AutoNDA by SimpleDocs

ELECTRICITY SUPPLY/DG BACK-UP. In case CESC/any other electricity supply agency decides not to provide individual meters to the allottees Allottees and make provision for a High Tension supply or Bulk supply, the Promoter shall provide sub-meters to the allottees Allottees upon payment by them of the proportionate Security Deposit payable to CESC/ any other electricity supply agency for such connection. The exact amount payable will be intimated to the allottees Allottees at appropriate time before possession. This Security Deposit would be subject to revision and replenishment as may be so decided by CESC/ any other electricity supply agency from time to time and the allottees Allottees shall, at all times, be liable to proportionately pay such revision/replenishment to CESC/ any other electricity supply agency, as per the norms of CESC/ any other electricity supply agency. In such a case the Allottee Allottees may be required to enter into a separate agreement with the Promoter for supply of electricity through sub meters.

Appears in 1 contract

Samples: Agreement for Sale

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.