Common use of Termination Payment for Authority Event of Default Clause in Contracts

Termination Payment for Authority Event of Default. Upon Termination of this Agreement on account of Authority Event of Default, the Concessionaire shall be entitled to receive back the Performance Security and also receive Termination Payment as specified below:

Termination Payment for Authority Event of Default. Upon Termination of this Agreement on account of Authority Event of Default, the Concessionaire shall be entitled to receive back the Performance Security and also receive Termination Payment as specified below:: An amount equal to Debt Due and 110% of the Adjusted Equity;