Common use of Notification of Change in Law Clause in Contracts

Notification of Change in Law. 12.3.1 In case any increase or decrease in the Project Cost occurs due to Change in Law affecting the Tariff payable under this Agreement, in accordance with Article 12, the BESSD shall serve notice to GUVNL of such Change in Law within 7 days about the proposed impact in tariff, positive or negative, to be recovered.

Appears in 2 contracts

Sources: Battery Energy Storage Purchase Agreement, Battery Energy Storage Purchase Agreement

Notification of Change in Law. 12.3.1 In case any increase or decrease in the Project Cost occurs due to Change in Law affecting the Tariff payable under this Agreement, in accordance with Article 12, the BESSD shall serve notice to GUVNL MSEDCL of such Change in Law within 7 days about the proposed impact in tariff, positive or negative, to be recovered.

Appears in 1 contract

Sources: Battery Energy Storage Purchase Agreement