Common use of Order of priority inapplication Clause in Contracts

Order of priority inapplication. In case of inconsistencies between the agreement(s) executed between the Parties, applicable Law including rules and regulations framed thereunder, the order of priority as between them shall be the order in which they are placed below: i. applicable Law, rules and regulations framed thereunder; ii. the Grid Code;and iii. the terms and conditions of thisAgreement;