Annexure 1: Distribution Franchise AgreementDistribution Franchisee Agreement • April 27th, 2012 • Odisha
This Agreement made at this th day of [Month], [Year] between [Utility Name] , a company registered under the Companies Act, 1956 having its registered office at Plot - N-1/22, Nayapalli, Bhubaneswar, Orissa – 751015 hereinafter referred to as DISCOM (which expression unless repugnant to the context or meaning thereof shall include its successors and assigns) of the ONE PART
ContractDistribution Franchisee Agreement • July 18th, 2011
DISTRIBUTION FRANCHISEE AGREEMENT (DFA) Article No. Article Details Definition Added “Promoters” shall mean those entities holding not less than 50% of the voting securities in the Bidding Company/entity, either directly or indirectly. In the event of an indirect holding in Bidding Company through a chain of entity(ies) / company(ies), the percentage of holding would be considered on proportionate terms. Any bank or financial institution would not be consideredas a Promoter. 5.7.3Original The franchisee shall put in its best effort to achieve the loss reduction trajectory. In case franchisee fails in achieving the loss reduction trajectory as envisaged in this agreement and input to the franchisee area increases, the increased input corresponding to the increase in distribution losses from the agreed distribution losses shall be billed to the franchisee at the differential rate of purchase price of DISCOM and input rate of franchisee in addition to invoice raised under Article 7 of t
