Force Majeure Termination Payment definition

Force Majeure Termination Payment has the meaning specified in Section 10.5.
Force Majeure Termination Payment shall be calculated as follows: OP  PC  UE  IP  Tax
Force Majeure Termination Payment means the aggregate of:

Examples of Force Majeure Termination Payment in a sentence

  • If no Seller's Holding Account is specified for the Party acting as Seller in the FM Affected Transaction, sub-paragraph (a) (No Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies unless otherwise specified here: [ ] sub-paragraph (b) (Two-way Market Quotation Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies, or [ ] sub-paragraph (c) (Two-way Loss Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies.

  • If one or more Seller's Holding Account(s) are specified for the Party acting as Seller in the FM Affected Transaction, sub-paragraph (c) (Two-way Loss Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies unless otherwise specified here: [ ] sub-paragraph (a) (No Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies, or [ ] sub-paragraph (b) (Two-way Market Quotation Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies.

  • On termination of the Agreement pursuant to clause 35 (Termination as a Result of Force Majeure) the Council shall pay to the Partner the Force Majeure Termination Payment as set out in part 2 of schedule 21 (Termination Payments).

  • If the Concessionaire so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire.

  • If the Concessionaire so elects to exercise the Buy-Out Option, then the Grantor shall pay the Grantor Force Majeure Termination Payment to the Concessionaire.

  • If the Grantor so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire, except in the case of termination on the basis of an Other Force Majeure Event caused due to a Ground Condition Delay Event, in which case the Grantor shall pay the Ground Condition Delay Termination Payment to the Concessionaire.

  • If the Grantor so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire, except in the case of termination on the basis of Other Force Majeure Event caused due to the Ground Condition Delay Event, in which case the Grantor shall pay Ground Condition Delay Termination Payment.

Related to Force Majeure Termination Payment

  • Force Majeure Period has the meaning specified in Section 13.1.

  • Force Majeure Delay means with respect to the Servicer, any cause or event which is beyond the control and not due to the negligence of the Servicer, which delays, prevents or prohibits such Person’s delivery of the reports required to be delivered or the performance of any other duty or obligation of the Servicer under the Indenture, as the case may be, including, without limitation, computer, electrical and mechanical failures, acts of God or the elements and fire; provided, that no such cause or event shall be deemed to be a Force Majeure Delay unless the Servicer shall have given the Indenture Trustee written notice thereof as soon as practicable after the beginning of such delay.

  • Force Majeure Notice means a notice to be given by the Affected Party to the other party stating that a Force Majeure Event has occurred;

  • Force Majeure Event means an event, or a series of related events, that is outside the reasonable control of the party affected (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, disasters, explosions, fires, floods, riots, terrorist attacks and wars);

  • Termination Payment has the meaning set forth in Section 6.03.

  • Force Majeure Delays means any actual delay in the construction of the Tenant Improvements, which is beyond the reasonable control of Landlord or Tenant, as the case may be, as described in Paragraph 33 of the Lease.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Force Majeure means an event beyond the control of the supplier and not involving the supplier’s fault or negligence and not foreseeable. Such events may include, but is not restricted to, acts of the purchaser in its sovereign capacity, wars or revolutions, fires, floods, epidemics, quarantine restrictions and freight embargoes.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Force Majeure Exception means any failure or delay in the performance of the Issuer's reporting obligation pursuant to Section 2.4 arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; acts of civil or military authority and governmental action. The Issuer shall use commercially reasonable efforts to commence performance of its obligations during any of the foregoing circumstances.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Force Majeure Failure has the meaning set forth in Section 8.1(d).

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Lease Termination Date means the last day of the Lease Term.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Accretion Termination Date As defined in the Series Supplement.

  • Normal Termination means termination of employment or service with the Company and Affiliates: