Revocation of the Transmission License Sample Clauses

Revocation of the Transmission License. The Appropriate Commission may, as per the provisions of the Electricity Act, 2003, revoke the Transmission License of the TSP. In the event of the revocation of the Transmission License, the Appropriate Commission would take necessary steps as per the provisions of the Electricity Act, 2003. Further the Long Term Transmission Customers reserve the right to terminate the Agreement in the event of the revocation of the Transmission License of the TSP by the Appropriate Commission. Chenab Valley Power Projects [P] Limited SPV[which is under incorporation] ARTICLE 14: