Supervening Event definition

Supervening Event means any of a Compensation Event, Relief Event, Excusing Event, Force Majeure Event or Eligible Change in Law Event;
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Supervening Event has the meaning set forth in the Project Agreement.
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Supervening Event means any Compensation Event or any Relief Event.
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Examples of Supervening Event in a sentence

  • Nothing in this Agreement will limit the right of the Authority to perform or mitigate its obligations in respect of Supervening Events or the consequences of a Supervening Event by requiring a Change or Changes.

  • Notwithstanding the foregoing, HPTE and CDOT may agree in advance of any Compensation becoming due to the Developer in respect of any Supervening Event to a different allocation of costs.

  • If the Supervening Event Notice or any required information is provided by an Applicant to the other party after the dates referred to in Section 8.2 (Procedures Upon the Occurrence of a Supervening Event), then the Applicant will not be entitled to any compensation, extension of time or relief from its obligations under this Agreement to the extent that the amount thereof was increased or the ability to mitigate was adversely affected as a result of such delay in providing such notice or information.

  • Supervening Event A Force Majeure Event, a Delay Event, a Delayed Completion Event, or a Compensation Event.

  • Should the achievement of Financial Close as referred to in Article 3.1 (a) be postponed on account of a Supervening Event then the Contractor must ensure an adequate extension of the term of the Financial Close Guarantee, such that for as long as the Supervening Event persists, the remaining term of the Financial Close Guarantee is always at least 2 months.

  • If the Contractor cannot obtain the Commencement Certificate within this period as a result of a Supervening Event, then the period for obtaining the Commencement Certificate shall be extended until the day that falls 10 Working Days after the day on which the Supervening Event no longer impedes obtaining the Commencement Certificate.

  • Pursuant to the C-70 Project Agreement, the Enterprises (i) are required to pay Milestone Payments to the Developer in consideration of Work performed by Developer up to and including Substantial Completion; (ii) may be required to pay Compensation to the Developer in relation to a Supervening Event; and (iii) may be required to make certain incentive payments to the Developer upon achievement of workforce participation goals.

  • The Developer shall, however, subject to the Supervening Event provisions hereof, bear all risk of loss concerning such structures, improvements, fixtures, machinery, equipment and materials until Substantial Completion, regardless of the extent to which the loss was insured or the availability of Insurance Proceeds.

  • Pursuant to the C-70 Project Agreement, commencing in the First payment month following the Substantial Completion Date, the Enterprises are required to pay Performance Payments (comprised of a Capital Performance Payment and an OMR Payment) to Developer in consideration of Work performed by Developer, and may be required to pay Compensation to the Developer in relation to a Supervening Event.

  • Developer shall have no claim to a Supervening Event on account of any incompleteness or inaccuracy in the Reference Documents.


More Definitions of Supervening Event

Supervening Event means an event on which the affected party seeks to rely, to obtain one of the remedies under this clause.
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Supervening Event means any event which causes the provision of any Materials and/or Plumbing Services under the Agreement to be suspended or frustrated. Such supervening events include events detailed in this clause 17 Force Majeure and other supervening events including, but not limited to, this Agreement becoming illegal under clause 22 Governing Law.
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Supervening Event means any of a Compensation Event, Relief Event or Force Majeure Event. “Supervening Event Notice” has the meaning given in Section 8.2(a).
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Supervening Event has the meaning assigned to it in Clause 25AA.1.1
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Supervening Event means any of the following to the extent, in each case, it has a material adverse effect on CONTRACTOR's ability to perform its obligations under this Agreement: (a) any civil disobedience or dissent, including measures taken or threatened to be taken after the date hereof by one or more persons protesting or demonstrating against the realization of all or part of the Project, including the execution of the Works and the performance of the services hereunder; (b) fire, explosion, lightning, ▇▇▇▇▇, ▇▇▇▇▇▇▇ (including, but not limited to, an ice storm), hurricane, tornado, flood or any other natural disaster, ionizing radiation, earthquake, riot, theft, vandalism or civil commotion or any declared State of Emergency at the Federal, State or local level; (c) failure by any utility supplier, any Governmental Authority or other similar entity to provide the requisite approvals, permits, and consents or requisite access or make the requisite repairs required for the performance of the Works and Services; (d) instability and/or unavailability of the power grid; (e) irreparable disruption of the economy or solvency of the Agreement that is no fault of CONTRACTOR; (f) blockade or embargo; (g) strikes, lockouts, or other labor-related disputes affecting the System, the construction sector or maintenance of infrastructure sector or a significant part thereof; (h) war, civil war, armed conflict, terrorism, acts of foreign enemies or hostilities; (i) third party bid protest, or (j) nuclear, radioactive, chemical or biological contamination of the System, Smart City Instruments and Artistic Lighting or any real or personal property adjacent thereto that prevents the CONTRACTOR from performing a material part of its obligations under this Agreement.
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Supervening Event means any of a Compensation Event, a Relief Event or a Force Majeure Event.‌
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Related to Supervening Event

  • Intervening Event means a material event, fact, circumstance, development or occurrence (other than any matter that relates to a Company Takeover Proposal) that is unknown to or by the Board of Directors of the Company as of the date of this Agreement (or if known, the magnitude or material consequences of which were not known or understood by the Board of Directors of the Company as of the date of this Agreement), which event, fact, circumstance, development, occurrence, magnitude or material consequence becomes known to or by the Board of Directors of the Company prior to obtaining the Company Stockholder Approval.

  • Company Intervening Event means any fact, circumstance, effect, change, event or development relating to the Company or the Company Subsidiaries that (1) is unknown to or by the Company Board as of the date hereof (or if known, the magnitude or material consequences of which were not known or understood by the Company Board as of the date of this Agreement), (2) becomes known to or by the Company Board prior to obtaining the Company Shareholder Approval and (3) has or would reasonably be expected to have a material beneficial effect on the Company and the Company Subsidiaries, taken as a whole.

  • Parent Intervening Event means any fact, circumstance, effect, change, event or development relating to Parent or the Parent Subsidiaries that (1) is unknown to or by the Parent Board as of the date hereof (or if known, the magnitude or material consequences of which were not known or understood by the Parent Board as of the date of this Agreement), (2) becomes known to or by the Parent Board prior to obtaining the Parent Shareholder Approval and (3) has or would reasonably be expected to have a material beneficial effect on Parent and the Parent Subsidiaries, taken as a whole.

  • Terminating Event means any of the following events:

  • Accounting Event has the meaning set forth in the Supplemental Indenture.