Termination Payment for Force Majeure Event. 34.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover.
Termination Payment for Force Majeure Event. Upon termination of this Agreement, due to a Political Force Majeure Event, Termination Payment shall be made to the Concessionaire by DTIDCL in accordance with the following:
Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance.
Termination Payment for Force Majeure Event. 14.6.1 The Authority shall pay Termination Compensations, if any, as a result of termination due to a Force Majeure Event in accordance with Article 17 of this Agreement.
Termination Payment for Force Majeure Event. 22.9.1 If Termination is on account of a Non-Political Event or Indirect Political Event, the Developer shall not be entitled for any Termination Payment.
Termination Payment for Force Majeure Event. In case of Termination for Force Majeure Event, the provisions of Clause 15.3 and 15.4 shall be applicable. However, the Performance Security shall be returned to Operator.
Termination Payment for Force Majeure Event. 34.9.1 Upon Termination of this Agreement pursuant to Clause 34.8 above, prior to COD, the following Termination Payment shall be made to the Concessionaire:
Termination Payment for Force Majeure Event. 16.9.1 If Termination is on account of any of the Force Majeure Events, the Authority shall return the Performance Security to the Agency. The Agency shall take appropriate insurance cover for hedging risks associated with the events of Force Majeure.
Termination Payment for Force Majeure Event. If Termination is on account of a Non-Political Event, the Authority shall, subject to terms of clause 30.3.3 hereof, make a Termination Payment to the Concessionaire in an amount equal to 80% (eighty percent) of the Unexpired Cashflow less Insurance Cover. If Termination is on account of an Indirect Political Event, the Authority shall subject to terms of Clause 30.3.3 hereof, make a Termination Payment to the Concessionaire in an amount equal to 100% (hundred percent) of Unexpired Cashflow less Insurance Cover. If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 30.3.2 as if it were an Authority Default. Dispute resolution In the event that the Parties are unable to agree in good faith about the occurrence or existence of a Force Majeure Event, such Dispute shall be finally settled in accordance with the Dispute Resolution Procedure; provided that the burden of proof as to the occurrence or existence of such Force Majeure Event shall be upon the Party claiming relief and/or excuse on account of such Force Majeure Event. Excuse from performance of obligations If the Affected Party is rendered wholly or partially unable to perform its obligations under this Agreement because of a Force Majeure Event, it shall be excused from performance of such of its obligations to the extent it is unable to perform on account of such Force Majeure Event; provided that: the suspension of performance shall be of no greater scope and of no longer duration than is reasonably required by the Force Majeure Event; the Affected Party shall make all reasonable efforts to mitigate or limit damage to the other Party arising out of or as a result of the existence or occurrence of such Force Majeure Event and to cure the same with due diligence; and when the Affected Party is able to resume performance of its obligations under this Agreement, it shall give to the other Party notice to that effect and shall promptly resume performance of its obligations hereunder.
Termination Payment for Force Majeure Event. 22.9.1 Upon Termination on account of Force Majeure Event occurring prior to COD, no further disbursement of Grant shall be made by the Authority and the Implementation Agency shall be liable to return immediately:
