Political Event definition

Political Event shall have the meaning set forth in Clause 21.4;
Political Event means any event or circumstance or combination of events or circumstances of a political nature, social unrest or change in the Laws of Bangladesh (including the effects of such events and circumstances or combination of events or circumstances) referred to in this section that materially and adversely affects the performance by a Party of its obligations under this Agreement, but only if and to the extent that such events and circumstances are not within the reasonable control, of the affected Party; provided, that a political event or circumstance or combination of political events or circumstances (including political acts and social unrest the effects of such events and circumstances or combination of events or circumstances) shall not be construed as a Political Event unless such material and adverse effect could not have been prevented, overcome, or remedied in whole or in part by the affected Party through the exercise of reasonable diligence and care, it being understood and agreed that reasonable diligence and care includes acts or activities to protect the Parties facilities from a casualty event, which are reasonable in light of the likelihood of such event, the probable effect of such event if it should occur, and the likely efficacy of the protection measures.
Political Event means the Force Majeure Events set out in Article 14.3.

Examples of Political Event in a sentence

  • The affected Party shall use all reasonable efforts to mitigate the effects of a Political Event or Change in Law, including but not limited to, the payment of all reasonable sums of money by or on behalf of the affected Party, which sums are reasonable in light of the likely efficacy of the mitigation measures.

  • Upon the occurrence of any Political Event after the Commercial Operations Date, then during the Political Event, BPDB shall pay to the Company Tariff Payments for Net Energy Output delivered during such Political Event.

  • If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Developer of an amount that would be payable under Article 31.3.2 as if it were an Authority’s Default.

  • If Termination is on account of Non Political Event, the Authority shall make a payment of Termination Payment to the Developer of an amount equal to 90% of Debt Due less Insurance Cover.

  • The affected Party shall use all reasonable efforts to mitigate the effects of a Political Event or Change in Law, including, but not limited to, the payment of all reasonable sums of money by or on behalf of the affected Party, which sums are reasonable in light of the likely efficacy of the mitigation measures.


More Definitions of Political Event

Political Event shall have the meaning ascribed thereto in Clause 14.4.
Political Event bears the meaning ascribed thereto in Section 16A.1.1;
Political Event shall have the meaning as set forth in Clause 28.4; “Preservation Costs” ” shall have the meaning as set forth in Clause 15.4.3;
Political Event shall have the meaning set forth in Clause 21.4; “Programme” shall have the meaning set forth in Clause 10.1 (iii);
Political Event shall have the meaning as set forth in Clause 17.4; [Insert this definition in case Supplier is a Trading Licensee:
Political Event shall have the meaning ascribed thereto in Article 15.4.
Political Event means an event of any kind or nature including, but not limited to, receptions, breakfasts, luncheons, dinners, dances, testimonials, or picnics, held for the sole purpose of raising political contributions.