Effect of Force Majeure Event on the Concession. 34.6.1 Upon the occurrence of any Force Majeure Event prior to the Appointed Date, the period set forth in Clause 24.1.1 for achieving Financial Close shall be extended by a period equal in length to the duration of the Force Majeure Event.
Effect of Force Majeure Event on the Concession. 24.3.1 Upon the occurrence of any Force Majeure Event prior to the Effective Date, the period set forth in this agreement shall be extended by a period equal in length to the duration of the Force Majeure Event.
Effect of Force Majeure Event on the Concession. 18.6.1. Upon the occurrence of any Force Majeure Event prior to the Commencement date, the period set forth in Clause 4.1.2 for fulfilling Conditions Precedent shall be extended by a period equal in length to the duration of the Force Majeure Events.
Effect of Force Majeure Event on the Concession. At any time after the Commercial Operations Date, if any Force Majeure Event occurs:
Effect of Force Majeure Event on the Concession. 18.6.1 The Concessionaire shall be eligible for extensions as provided hereunder only on the occurrence of Force Majeure Events not resulting in Termination, with respect to the Project.
Effect of Force Majeure Event on the Concession. Advertisement Rights and Maintenance Obligations of BQS Cluster comprising 166Bus Queue Shelters in Gurugram Metropolitan Area Concession Agreement At any time after the Appointed Date, if any Force Majeure Event occurs the Concession Period shall be extended by a period equal in length to the duration for which such Force Majeure Event subsists.
Effect of Force Majeure Event on the Concession. Upon the occurrence of any Force Majeure Event prior to Appointed Date, the period set forth in Clause 13.1 for achieving the Appointed Date shall be extended by a period equal in length to the duration of the Force Majeure Event. If any Force Majeure Event occurs after the Appointed Date, whereupon the Concessionaire is unable to collect Fee despite making best efforts or it is directed by the Authority to suspend the collection thereof during the subsistence of such Force Majeure Event, the Concession Period shall be extended by a period, equal in length to the period during which the Concessionaire was prevented from collection f Fee on account thereof; provided that in the event of partial collection of Fee where the daily collection is less than 90% (ninety per cent) of the Average Daily Fee, the Authority shall extend the Concession Period in proportion to the loss of Fee on a daily basis. For the avoidance of doubt, loss 25% (twenty five percent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of 1(one) day in the Concession Period. Allocation of costs arising out of Force Majeure Upon occurrence of any Force Majeure Event prior to Appointed Date, the Parties shall bear their respective costs and no Party shall be required to pay to the other Party any costs thereof. Upon occurrence of a Force Majeure Event after Appointed Date, the costs incurred and attributable to such event and directly relating to the Project (the “Force Majeure Costs”) shall be allocated and paid as follows; upon occurrence of a Non-Political Event, the Parties shall bear their respective Force Majeure costs and neither party shall be required to pay to the other party any costs thereof; or upon occurrence of an Indirect Political Event or a Political Event, all Force Majeure costs attributable to such Indirect political Event or Political Event, and not exceeding Insurance Cover shall be borne by Concessionaire, and to the extent Force Majeure Costs exceeds such Insurance Cover, one half of such costs shall be reimbursed by the Authority to the Concessionaire. For the avoidance of doubt, Force Majeure costs may include interest payments on Debt, O&M Expenses and all other costs directly attributable to the Force Majeure Event, but shall not include loss of Fee revenues or debt repayment obligations, and for determining such costs in respect of interest payment on Debt, information contained in the copy of c...
Effect of Force Majeure Event on the Concession. At any time after the Approvals Date for SLF, if any Force Majeure Event occurs before CPOD, the Concession Period and the CPOD shall be extended by a period equal in length to the duration for which such Force Majeure Event subsists.
Effect of Force Majeure Event on the Concession. Upon the occurrence of any Force Majeure Event prior to Appointed Date, the period set forth in Clause 13.1 for achieving the Appointed Date shall be extended by a period equal in length to the duration of the Force Majeure Event. If any Force Majeure Event occurs after the Appointed Date, whereupon the Concessionaire is unable to collect Fee despite making best efforts or it is directed by the Authority to suspend the collection thereof during the subsistence of such Force Majeure Event, the Concession Period shall be extended by a period, equal in length to the period during which the Concessionaire was prevented from collection f Fee on account thereof; provided that in the event of partial collection of Fee where the daily collection is less than 90% (ninety per cent) of the Average Daily Fee, the Authority shall extend the Concession Period in proportion to the loss of Fee on a daily basis. For the avoidance of doubt, loss 25% (twenty five percent) in collection of Fee as compared to the Average Daily Fee for four days shall entitle the Concessionaire to extension of 1(one) day in the Concession Period. Allocation of costs arising out of Force Majeure Upon occurrence of any Force Majeure Event prior to Appointed Date, the Parties shall bear their respective costs and no Party shall be required to pay to the other Party any costs thereof. Upon occurrence of a Force Majeure Event after Appointed Date, the costs incurred and attributable to such event and directly relating to the Project (the “Force Majeure Costs”) shall be allocated and paid as follows; upon occurrence of a Non-Political Event, the Parties shall bear their respective Force Majeure costs and neither party shall be required to pay to the other party any costs thereof; or upon occurrence of an Indirect Political Event or a Political Event, all Force Majeure costs attributable to such Indirect political Event or Political Event, and not exceeding Insurance Cover shall be borne by Concessionaire, and to the extent Force Majeure Costs exceeds such Insurance Cover, one half of such costs shall be reimbursed by the Authority to the Concessionaire. For the avoidance of doubt, Force Majeure costs may include interest payments on Debt, O&M Expenses and all other costs directly attributable to the Force Majeure Event, but shall not include loss of Fee revenues or debt repayment obligations, and for determining such costs in respect of interest payment on Debt, information contained in the copy of c...
Effect of Force Majeure Event on the Concession. At any time after the Approvals Date for SLF, if any Force Majeure Event occurs before CPOD, the Concession Period and the CPOD shall be extended by a period equal in length to the duration for which such Force Majeure Event subsists.
