BESCOM definition
Examples of BESCOM in a sentence
The Allottee/s herein shall sign and execute declarations, bye-laws, affidavits, undertakings, papers and documents required to be submitted to the Bangalore Electricity Supply Company (BESCOM), Bangalore Water Supply and Sewerage Board and other Authorities as required by the Promoter.
The release of the Performance Security shall be without prejudice to other rights of BESCOM under this Agreement.
Subject to other provisions of this Agreement, BESCOM shall release the Performance Security, if any after twelve (12) months from the Scheduled Commissioning Date.
The allottee is responsible to get the name changed in the concerned BESCOM office after the execution of the Sale deed and the Promoter shall execute the necessary documents to the same.
Save and except as expressly provided in Article 14 or unless the context otherwise requires, the respective rights and obligations of the Parties under this Agreement shall be subject to the satisfaction in full of the conditions precedent specified in this Clause 4 (the "Conditions Precedent") by the Developer prior to COD, unless such completion is affected by any Force Majeure event, or if any of the activities is specifically waived in writing by BESCOM.
Provided that, BESCOM shall permit assignment of any of developers’ rights and obligations under this agreement in favor of the lenders to the developer, if required under the financing agreements.
This Agreement shall terminate before the Expiry Date if either BESCOM or Developer terminates the Agreement, pursuant to Article 16 of this Agreement.
Such extension of time by BESCOM shall not affect the commissioning of the Project within the Scheduled Commissioning Date.
By the Power Purchase Agreement (the “Agreement”) being entered into between BESCOM and , a company incorporated under the provisions of the Companies Act, 1956/, having its registered office/ permanent address at (hereinafter referred as “Developer”), has been granted the right to development of [Solar PV Power Plant] an hereinafter referred to as the Project.
For payment of any ▇▇▇▇ on or before Due Date, the following Rebate shall be paid by the Developer to BESCOM in the following manner.