Common use of Termination due to delay Clause in Contracts

Termination due to delay. 15.2.1 Notwithstanding anything to the contrary contained in this Agreement, in the event that COD does not occur, for any reason whatsoever, within a period of 180 (one hundred and eighty) days from the Scheduled Completion Date, unless the delay is on account of reasons solely attributable to the Authority or due to Force Majeure, the Concessioning Authority may terminate the Concession Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement