Political Event definition

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 shall have the meaning set forth in Clause 21.4;
Political Event means the Force Majeure Events set out in Article 14.3.

Examples of Political Event in a sentence

  • If the Termination of this Agreement is on account of a Political Event, the Operator shall be entitled to receive by way of Termination Payment.

  • In the event of Termination occurring prior to completion of Funded Works, the Authority shall pay to the Operator a sum equal to: (a) 75% (seventy five per cent) of the fair value of the Funded Works undertaken until the Transfer Date if such Termination occurs on account of a Operator Default or a Non-Political Event, or (b) 110% (one hundred and ten per cent) of such fair value if Termination occurs on account of an Authority Default, a Political Event or an Indirect Political Event.


More Definitions of Political Event

Political Event shall have the meaning ascribed thereto in Clause18.4;
Political Event shall have the meaning as set forth in Clause 19.4;
Political Event bears the meaning ascribed thereto in Section 16A.1.1;
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.
Political Event bears the meaning ascribed thereto in Section 11A.1;
Political Event bears the meaning ascribed thereto in Section 16A.1;
Political Event occurs, with respect to a Buyer, when: