Political Event shall have the meaning set forth in Clause 21.4;
Political Event means any event or circumstance or combination of events or circumstances of a political nature, social unrest or change in the Laws of Bangladesh (including the effects of such events and circumstances or combination of events or circumstances) referred to in this section that materially and adversely affects the performance by a Party of its obligations under this Agreement, but only if and to the extent that such events and circumstances are not within the reasonable control, of the affected Party; provided, that a political event or circumstance or combination of political events or circumstances (including political acts and social unrest the effects of such events and circumstances or combination of events or circumstances) shall not be construed as a Political Event unless such material and adverse effect could not have been prevented, overcome, or remedied in whole or in part by the affected Party through the exercise of reasonable diligence and care, it being understood and agreed that reasonable diligence and care includes acts or activities to protect the Parties facilities from a casualty event, which are reasonable in light of the likelihood of such event, the probable effect of such event if it should occur, and the likely efficacy of the protection measures.
Political Event means the Force Majeure Events set out in Article 14.3.
Examples of Political Event in a sentence
If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% of such unpaid claims shall be included in the computation of Debt Due; and 110% (one hundred and ten percent) of the Adjusted Equity.
If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 30.3.2 as if it were an Authority Default.
More Definitions of Political Event
Political Event shall have the meaning set forth in Clause 21.4; “Programme” shall have the meaning set forth in Clause 10.1 (iii);
Political Event shall have the meaning ascribed thereto in Clause 14.4.
Political Event bears the meaning ascribed thereto in Section 16A.1.1;
Political Event shall have the meaning as set forth in Clause 28.4; “Preservation Costs” ” shall have the meaning as set forth in Clause 15.4.3;
Political Event shall have the meaning as set forth in Clause 17.4; [Insert this definition in case Supplier is a Trading Licensee:
Political Event shall have the meaning ascribed thereto in Article 15.4.
Political Event means an event of any kind or nature including, but not limited to, receptions, breakfasts, luncheons, dinners, dances, testimonials, or picnics, held for the sole purpose of raising political contributions.