…ESCOM Default Sample Clauses
…ESCOM Default. The occurrence of any of the following at any time during the Term of this Agreement shall constitute an Event of Default by Corporation: a. Failure or refusal by...ESCOM to perform its financial and other material obligations under this Agreement. b. In the event of any payment default by the ...ESCOM for a continuous period of three months, the Company shall be permitted to sell Electricity to third parties by entering into a wheeling & banking Agreement with the …ESCOM for which it shall pay transmission and other charges to the ESCOM at the rates applicable from time to time and as approved by the Commission …ESCOM Default: Failure or refusal by...ESCOM to pay two consecutive monthly tariff or to perform its financial and other material obligations under this Agreement.
…ESCOM Default. Upon the occurrence of an event of default as set out in sub-clause 9.2.2 above, the Company may deliver a Default Notice to the ...ESCOM in writing which shall specify in reasonable detail the Event of Default giving rise to the default notice, and calling upon the ESCOM to remedy the same within such reasonable time not less than thirty days as may be specified in the notice. At the expiry of the time specified in the default notice, from the date of delivery of default notice and unless the Parties have agreed otherwise, or the Event of Default giving rise to the Default Notice has been remedied, the Company may terminate this Agreement by delivering a Termination Notice to...ESCOM and intimate the same to the Commission. Upon delivery of the Termination Notice this Agreement shall stand terminated and the Company shall stand discharged of its obligations. Where a Default Notice has been issued with respect to an Event of Default, which requires the co-operation of both the Company and …ESCOM, to remedy, both the parties shall render all reasonable co-operations to enable the event of Default to be remedied.