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CONDITION 10: TERMINATION OF THE LICENCE
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| bet | 23/33 | | Sana | 23.03.2021 | | Hajmi | 152,5 Kb. | | #13402 |
CONDITION 10: TERMINATION OF THE LICENCE:
10.1 TERMINATION FOR DEFAULT:
The LICENSOR may, without prejudice to any other remedy for breach of conditions of licence, by written notice of 30 days, issued to LICENSEE at its registered office 30 days in advance, terminate this licence in whole or part under any of the following circumstances:
(a) if the LICENSEE fails to commission or deliver the SERVICE within the time period(s) specified in the licence or in any extension thereof, if granted by the LICENSOR. However, this does not prevent the licensee from commissioning the service even after scheduled date of commissioning, provided the licence does not already stand terminated and the Performance Tests are satisfactory.
Or
(b) if the LICENSEE fails to perform any other obligation(s) under the Licence including remittance of timely payments of Licence fee due to the LICENSOR and the LICENSEE does not rectify the failure within a notice period of 30 days or during such further period, as the LICENSOR may authorise in writing in this regard.
In the event of such termination of licence, the amount equivalent to Performance Bank Guarantee(PBG) shall be recovered by encashing the PBG and money so recovered shall be forfeited. The Licensee shall not be entitled to any damages or compensation for such termination.
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