SPD Claim definition

SPD Claim has the meaning specified in paragraph 2.10(d);
SPD Claim. SPD Notice” means a notice issued by either party pursuant to paragraph 2.8; means the aggregate amount of:

Examples of SPD Claim in a sentence

  • Following the service of an SPD Claim, if and to the extent it is agreed or determined that a Sustained Planned Disruption has occurred in the period covered by the claim then the relevant party shall make payments to the other (in accordance with the procedure in paragraph 13) calculated in accordance with paragraph 8 in respect of the SPD Period (or where applicable the part of the SPD Period) covered by the SPD Claim.

  • Following the issue of an SPD Claim, if it is agreed or determined that a Sustained Planned Disruption has occurred during the relevant SPD Period then the relevant party shall make payments to the other (in accordance with the procedure in paragraph 13) calculated in accordance with paragraph 8.

  • Provided a party has issued an SPD Notice in accordance with paragraph 2.10(b), nothing in paragraph 2.10(d) shall prevent that party from issuing more than one SPD Claim in respect of the same Sustained Planned Disruption, provided that: each such SPD Claim relates to a different period within the said SPD Period (so there is no double-counting); and no SPD Claim can be issued after the last day for serving notice specified under paragraph 2.10(d).

  • The LIHTC is the primary federal financing vehicle used to build and rehabilitate multifamily affordable rental housing.The federal government allocates LIHTCs to affordable housing developers, who sell them to investors, usually at a discount.30 This discount reflects various risks.

  • Following the issue of an SPD Claim, if it is agreed or determined that a Sustained Planned Disruption has occurred during the relevant SPD Period then the relevant party shall make payments to the other (in accordance with the procedure in paragraph13) calculated in accordance with paragraph 8.

Related to SPD Claim