Contracting Authority Change definition

Contracting Authority Change means a Change required as a result of a Change to the Concession Agreement.
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Examples of Contracting Authority Change in a sentence

  • Financial Loss An increase in the Contractor’s expenses or a decrease in its income, to be demonstrated, insofar as this is market conforming and covered by the arranged insurance, where costs savings, the moment of inception of the increase of the expenses or the decrease of the income, and the manner of payment is taken into account, and where a negative Financial loss is set to zero, unless there is a Contracting Authority Change.

  • The Company shall make its own arrangements for access to the Accommodation Works Sites with the owners of such sites for carrying out of the Accommodation Works, provided that if the Company having used reasonable endeavours cannot get access to an Accommodation Works Site, then the Accommodation Works to be carried out on that Accommodation Works Site will be removed from the Operations by way of a Contracting Authority Change.

  • In the case of a Compensation Event, the Contracting Authority must pay the Contractor (or where a Contracting Authority Change is concerned, the Contractor may have to pay the Contracting Authority) compensation in accordance with Schedule 3 (Compensation for Supervening Events), paragraph 2 (Compensation Event).

  • Critical Delay in Completion A delay in the Work that makes it impossible to avoid the Scheduled Completion Date being exceeded by more than the following number or Calendar Days without incurring a Financial Loss: (a) 7 Calendar Days; or in derogation from (a): (b) when the delay is the consequence of a Contracting Authority Default, a Contracting Authority Change or a Relevant Change in Law: 0 Calendar Days; determined according to the procedure as included in [] of the Management Specifications.

  • Financial Disadvantage An increase in its expenses or a decrease in its income, insofar as in line with market conditions and demonstrable by the Contractor, whereby (a) a Financial Disadvantage shall not include an Availability Deduction or a Performance Deduction; and (b) a negative Financial Disadvantage is set to zero except if a Contracting Authority Change has occurred.

  • This does not apply to a Contracting Authority Change that has to be effected pursuant to Article 13.1 (Contracting Authority Change) Paragraph (b) and Article 13.2 (Contractor Change) Paragraph (b).

  • Proposing and agreeing any Estimate in response to a Contracting Authority Change, obtaining any funding in respect of Capital Expenditure as required by clause 34 of the Agreement in relation to a Contracting Authority Change and agreeing any changes to any Transaction Documentwhich are necessitated bya Contracting Authority Change.

  • Critical Delay in Completion A delay in the Work that makes it impossible to avoid the Scheduled Completion Date being exceeded by more than the following number or Calendar Days without incurring a Financial Loss: (a) 7 Calendar Days; or in derogation from (a): (b) when the delay is the consequence of a Contracting Authority Default, a Contracting Authority Change or a Relevant Change in Law: 0 Calendar Days; determined according to the procedure as included in [⚫] of the Management Specifications.

  • If a Compensation Event occurs, the Contracting Authority must indemnify the Contractor (or in the event of a Contracting Authority Change, the Contractor must, possibly, indemnify the Contracting Authority) compensation in accordance with Section 2 (Compensation Event) of Schedule 3 (Compensation for Supervening Events).

  • Vice Chair Troidl asked if there were members of the public wishing to provide comments.

Related to Contracting Authority Change

  • Contracting Authority means any contracting authority as defined in Regulation 3 of the Public Contracts Regulations 2006.

  • contracting authorities means the State, regional or local authorities, bodies governed by public law or associations formed by one or more such authorities or one or more such bodies governed by public law;

  • Public Procurement Regulatory Authority (PPRA) means the Government Agency responsible for oversight of public procurement.

  • Inspecting Authority means the authorised representative of the Department to act as Inspecting Authority for the purpose of this contract and for the purpose of ascertaining the progress of the deliveries under the contract.

  • Authority Data means a) the data, text, drawings, diagrams, images or sounds (together with any database made up of any of these) which are embodied in any electronic, magnetic, optical or tangible media, and which are:

  • Regulatory Floodway means the channel of a river or other watercourse and the adjacent land areas that must be reserved in order to discharge the base flood without cumulatively increasing the water surface elevation more than a designated height.

  • Regulatory Change means, with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Balancing Authority Area means the collection of generation, transmission, and loads within the metered boundaries of a balancing authority. A balancing authority maintains load-resource balance within this area.

  • Controlling Authority means the Minister administering the Tasmanian State Service Act 1984.

  • Marketing Authorization means all approvals from the relevant Regulatory Authority necessary to market and sell a Product in any country (including without limitation, all applicable pricing and governmental reimbursement approvals even if not legally required to sell Product in a country).

  • Signing Authority means an officer or agent of the organization with written authorization to commit the legal entity to a binding agreement.

  • Balancing Authority means the responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a Balancing Authority Area, and supports Interconnection frequency in real time.

  • Licensing authority means the department or division within each participating state which is authorized by law to issue or approve licenses or permits to hunt, fish, trap, or possess wildlife.

  • relevant planning authority means the district planning authority for the area in which the land to which the relevant provision of this Order applies is situated;

  • Permitting authority means the Iowa department of natural resources or the director thereof.

  • Regulatory entity means any board, commission, agency,

  • State Contracting Agency means the department for which this contract is to be performed and for which the Commissioner or Authorized Designee acted in signing this contract.

  • Marketing Authorization Application or “MAA” means an application for Regulatory Approval in a country, territory or possession.

  • Authority or Housing Authority (HA means the Housing Authority.

  • Purchasing Authority means the officer signing the acceptance of tender and shall include any officer who has authority to execute the relevant contract on behalf of the Purchaser.

  • Contracting agency means the principal departments in the Executive Branch of the State Government, and any division, board, bureau, office, commission or other instrumentality within or created by such department, or any independent State authority, commission, instrumentality or agency, or any State college or university, any county college, or any local unit; with respect to this Contract, the contracting agency shall mean the Division;

  • Regulatory Body means those government departments and regulatory, statutory and other entities, committees, ombudsmen and bodies which, whether under statute, rules, regulations, codes of practice or otherwise, are entitled to regulate or investigate the matters dealt with in this Agreement or any other affairs of the Provider or the Department, including, without limitation Ofsted, the European Commission and the European Court of Auditors;

  • Governing authority means the local legislative authority

  • Funding Authority means the body awarding the grant for the Project.

  • Issuing authority means the authorized representative of the department of the City who issued the solicitation.

  • Regulatory Event means, following the occurrence of a Change in Law (as defined below) with respect to the Issuer and/or Société Générale as Guarantor or in any other capacity (including without limitation as hedging counterparty of the Issuer, market maker of the Certificates or direct or indirect shareholder or sponsor of the Issuer) or any of its affiliates involved in the issuer of the Certificates (hereafter the “Relevant Affiliates” and each of the Issuer, Société Générale and the Relevant Affiliates, a “Relevant Entity”) that, after the Certificates have been issued, (i) any Relevant Entity would incur a materially increased (as compared with circumstances existing prior to such event) amount of tax, duty, liability, penalty, expense, fee, cost or regulatory capital charge however defined or collateral requirements for performing its obligations under the Certificates or hedging the Issuer’s obligations under the Certificates, including, without limitation, due to clearing requirements of, or the absence of, clearing of the transactions entered into in connection with the issue of, or hedging the Issuer’sobligation under, the Certificates, (ii) it is or will become for any Relevant Entity impracticable, impossible (in each case, after using commercially reasonable efforts), unlawful, illegal or otherwise prohibited or contrary, in whole or in part, under any law, regulation, rule, judgement, order or directive of any governmental, administrative or judicial authority, or power, applicable to such Relevant Entity (a) to hold, acquire, issue, reissue, substitute, maintain, settle, or as the case may be, guarantee, the Certificates, (b) to acquire, hold, sponsor or dispose of any asset(s) (or any interest thereof) of any other transaction(s) such Relevant Entity may use in connection with the issue of the Certificates or to hedge the Issuer’s obligations under the Certificates, (c) to perform obligations in connection with, the Certificates or any contractual arrangement entered into between the Issuer and Société Générale or any Relevant Affiliate (including without limitation to hedge the Issuer’s obligations under the Certificates) or(d) to hold, acquire, maintain, increase, substitute or redeem all or a substantial part of its direct or indirect shareholding in the Issuer’s capital or the capital of any Relevant Affiliate or to directly or indirectly sponsor the Issuer or any Relevant Affiliate, or (iii) there is or may be a material adverse effect on a Relevant Entity in connection with the issue of the Certificates.