Relief Events definition

Relief Events the following events:

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Relief Events has the meaning given in Clause 30 (Relief Events);

Relief Events as defined in the PPA. The authorization of such additional series of EDC bonds shall be subject to approval by the RDC and the City’s Common Council at the time of issuance and shall be payable from both TIF 1 and TIF 2 revenues, with the TIF 1 revenue being subject to the TIF 1 Property Tax Back-Up described in Section 5.7 below, as well as benefitting from the debt service reserve fund of the trust indenture for bonds issued for the Project. Upon issuance, the amount of principal and interest due on the additional series of EDC bonds will correspond to the additional amount of payments due under the PPA.

Examples of Relief Events in a sentence

• As a material consideration for entering into this Agreement, Developer hereby commits, and TxDOT is relying upon Developer’s commitment, to develop the Project in accordance with the milestones and time periods set forth in this Agreement, Section 2.1.1 of the Technical Provisions, the Project Schedule and the Milestone Deadlines, subject only to delays caused by Relief Events specifically provided hereunder.

• DB Contractor’s rights to recover additional Direct Costs incurred resulting from Other Relief Events shall not include compensation for delay and disruption damages.

• For the avoidance of doubt, the exclusions set forth above apply solely to Other Relief Events as defined in this Section 4.6.9.3.2, and do not limit DB Contractor’s ability to seek a Change Order for eligible events that do not fall within the definition of Other Relief Event but are otherwise set forth in this Section 4.6.9.

• Documents relating to events of Force Majeure, Delay Events and Relief Events and the consequences of the same.

• Subject to the provision of Clause 25.1.7 (Relief Events), D&B Co shall not be relieved or excused of any responsibility, liability or obligation under this Agreement by the appointment of any D&B Co Party.

• As for such Relief Events, extensions of time shall be determined as if no Float then exists.

• Any justifiable increases in the agreed Project GMP or a Component GMP will require a Supplemental Agreement and will be limited to certain specified Relief Events.

• Subject to Section 15.5, IFA shall pay for any Extra Work Costs and Delay Costs resulting from Relief Events that are IFA Changes as progress payments invoiced as Work is completed.

• No report submitted to the Contracting Authority on the Construction Programme in accordance with Clause 14.1 nor any comment thereon nor any amendment or review thereof by the Contracting Authority shall relieve the Company of any of its obligations under this Agreement, except as regards any extension of time to which the Company is entitled under Clause 32 (Relief Events) and Clause 33 (Compensation Events).

• Design-Builder will have access to the Allowance to provide compensation for Extra Work Costs and Delay Costs arising out of the following Relief Events: Inaccurate Utility Information, Utility Delay, Differing Site Conditions, and Railroad Delay.

More Definitions of Relief Events

Relief Events has the meaning ascribed thereto in Section 12.1.1;

Relief Events. As per the Agreement (excluding adjustments to the Service Payments).

Relief Events. Risks for which neither party has control, for example force majeure events, but that are insurable, for which the Developer is entitled to schedule and performance relief only. Examples include force majeure events, fire or explosions, and earthquakes.

Relief Events has the meaning set out in paragraph 4.6 of Schedule 4 (Specification);

Relief Events. As per the Agreement.