Common use of Reduction in Scope of the Project Clause in Contracts

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 4 contracts

Samples: Draft Concession Agreement, Draft Concession Agreement, Concession Agreement

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Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]19 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 8095% (eighty ninety five percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Equipping Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]20 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percentper cent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]20 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

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Reduction in Scope of the Project. 16.6.1 15.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay [80% (eighty percent) per cent)]18 of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 8095% (eighty ninety five percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. In the event of a dispute under this Clause, the Dispute Resolution Procedure shall apply.

Appears in 1 contract

Samples: Concession Agreement

Reduction in Scope of the Project. 16.6.1 If the Concessionaire shall have failed to complete any Construction Automation Works on account of Force Majeure or for reasons solely attributable to the Concessioning Authority, the Concessioning Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Concessioning Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled.

Appears in 1 contract

Samples: Concession Agreement

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