Extension of Licence. 4.1 The LICENSOR may extend, if deemed expedient, the period of LICENCE, by 10 years at one time, upon request of the LICENSEE, if made during 19th year of the LICENCE period.
Appears in 1 contract
Sources: Licence Agreement for National Long Distance Service (Videsh Sanchar Nigam LTD)
Extension of Licence. 4.1 The LICENSOR LICENCOR may extend, if deemed expedient, the period of LICENCE, by 10 years at one time, upon request of the LICENSEELICENCEE, if made during 19th year of the LICENCE period.
Appears in 1 contract
Sources: License Agreement
Extension of Licence. 4.1 The LICENSOR may extend, if deemed expedient, the period of LICENCE, LICENCE on terms mutually agreed by 10 years at one time, upon request of the LICENSEE, if made during 19th year YEAR of the LICENCE period. The decision of the LICENSOR shall be final in regard to the grant of extension.
Appears in 1 contract
Sources: Licence Agreement