Pandemic Adjustment Event definition

Pandemic Adjustment Event. Means any of the following events which arise as a direct result of the Pandemic and first occurs after the Award Date: a change in Statutory Requirements (including a change in border requirements or quarantine requirements); a change in: the availability of local labour required for the Works; or the ability to transport unfixed goods and materials to the Site where such unfixed goods and materials are located outside of the State or Territory in which the Site is located; closure (or reopening) of a subcontractor's factory, or any other location where subcontracted activities are being carried out, in respect of the supply of goods or materials required for the Works; or such other events as may be specified in the Contract Particulars, in each case which impacts the performance or progress of the Contractor's Activities at the Site. Pandemic Management Plan The plan prepared by the Contractor and finalised under clause 8.7, which must set out in adequate detail the procedures the Contractor will implement to avoid, mitigate, resolve and otherwise manage the effects of the Pandemic on the Contractor's Activities and the Works. The Pandemic Management Plan must address, at a minimum: as at the date of the preparation (or update) of the plan, the circumstances (if any) in respect of the Pandemic around which the supply of labour, equipment, materials or services required for the carrying out of the Contractor’s Activities will be undertaken; the Contractor's approach to compliance with all Statutory Requirements in respect of the Pandemic; the specific steps that the Contractor will take in respect of the planning and execution of the Contractor's Activities in response to the Pandemic including in respect of resourcing, programming and logistics; the risks that the Pandemic poses to the Contractor’s Activities, and identify the mitigation measures that have been, or will be, implemented to avoid, mitigate, resolve or otherwise manage those risks, together with possible alternative courses of action in the event that there is a Pandemic related disruption to the carrying out of the Contractor's Activities; strategies for maximising ongoing workforce and subcontractor availability; the procedure for identifying, monitoring and reporting on any possible or actual impact of the Pandemic on the Contractor's Activities and the Works (including any Pandemic Adjustment Event); the procedure for regularly reviewing, updating and amending the Pandemic Management P...
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Pandemic Adjustment Event means, during the Relevant Period, a Relevant Agency makes or imposes one or more Relevant Restrictions and the period for which the relevant services are to be suspended or otherwise not conducted (whether during or after the Relevant Period) referred to in the relevant announcement or announcements (as the case may be) is, in aggregate, at least 10 Business Days, calculated as the aggregate of:
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Examples of Pandemic Adjustment Event in a sentence

  • Where the Contract Administrator has determined a Pandemic Adjustment Event has occurred, the Contract Administrator may, without being under any obligation to do so, instruct the Contractor as to the course it must adopt insofar as the Contractor's Activities are affected by the Pandemic Adjustment Event.

  • The Contract Administrator must, within 14 days of receipt of a notice under paragraph (a), notify the Contractor and the Commonwealth of its determination whether a Pandemic Adjustment Event has occurred.

  • Where the Contractor's Representative has determined a Pandemic Adjustment Event has occurred, the Contractor's Representative may, without being under any obligation to do so, instruct the Subcontractor as to the course it must adopt insofar as the Subcontractor's Activities are affected by the Pandemic Adjustment Event.

  • The Contractor's Representative must, within 14 days of receipt of a notice under paragraph (a), notify the Subcontractor of its determination whether a Pandemic Adjustment Event has occurred.

  • If either party considers that there has been a Pandemic Adjustment Event, then the party discovering it must promptly give the Contractor's Representative and the other party notice in writing, together with detailed particulars of the relevant event and such other information as the Contractor's Representative may require.

  • If either party considers that there has been a Pandemic Adjustment Event, then the party discovering it must promptly give the Contract Administrator and the other party notice in writing, together with detailed particulars of the relevant event and such other information as the Contract Administrator may require.

  • If the Consultant has been delayed in carrying out the Services: prior to the Date for Completion of a Milestone by an Act of Prevention or a Pandemic Adjustment Event in a manner which has delayed, or is likely to delay, the Consultant in achieving Completion of the Milestone; or after the Date for Completion of a Milestone by an Act of Prevention in a manner which has delayed, or is likely to delay, the Consultant in achieving Completion of the Milestone, the Consultant may claim an extension of time.

  • The Commonwealth's Representative: will reduce any entitlement the Consultant would have otherwise had under subparagraph (d)(i) to the extent that the Consultant has failed to take all reasonable steps to minimise any additional cost to the Commonwealth in respect of the Pandemic Adjustment Event; and may, for the purposes of assessing the Consultant’s entitlement under subparagraph (d)(i), take into account any breakdown of the Fee submitted by the Consultant in its proposal for the Services.

  • The Commonwealth's Representative must, within 14 days of receipt of the Consultant’s notice under paragraph (a) notify the Consultant and the Commonwealth of its determination whether a Pandemic Adjustment Event has occurred.

  • Where the Commonwealth's Representative has determined a Pandemic Adjustment Event has occurred, the Commonwealth's Representative may, without being under any obligation to do so, instruct the Consultant as to the course it must adopt insofar as the Services are affected by the Pandemic Adjustment Event.

Related to Pandemic Adjustment Event

  • Adjustment Events (A) the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Adjustment Event means each of the following events:

  • Potential Adjustment Event means any of the following:

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Payment Event means any of the following:

  • Section 11(a)(ii) Event means any event described in Section 11(a)(ii) hereof.

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Put Event means the occurrence of any of the following:

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(g)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease, or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Common Stock shall be entitled to receive cash, securities or other property for their shares of PubCo Common Stock.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • Major Event means an event which is likely to pose a serious risk to public health in relation to medicinal products in more than one Member States. Such an event concerns a deadly threat or otherwise serious threat to health of biological, chemical, environmental or other origin or incident that can affect the supply or quality, safety, and efficacy of medicinal products. Such an event may lead to shortages of medicinal products in more than one Member State and necessitates urgent coordination at Union level in order to ensure a high level of human health protection.

  • Extraordinary Common Stock Event means (i) the issue of additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivision of outstanding shares of Common Stock into a greater number of shares of the Common Stock, or (iii) combination of outstanding shares of the Common Stock into a smaller number of shares of the Common Stock.

  • Change in Capitalization means any increase or reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise.

  • Significant Event means any Amortization Event or Event of Default.