Common use of Termination due to Force Majeure Clause in Contracts

Termination due to Force Majeure. In the event of any termination by mutual consent of Parties pursuant to Clause 27.1.4 (Termination due to Force Majeure), the compensation payable to the Concessionaire shall be the lower of the Book Value or the Debt Due LESS any amount due to the Maha-Metro by the Concessionaire under this Agreement LESS all insurance claims received or admitted. For purpose of Termination the term Equity shall mean :-

Termination due to Force Majeure. In the event of any termination by mutual consent of Parties pursuant to Clause 27.1.4 (Termination due to Force Majeure), the compensation payable to the Concessionaire shall be the lower of the Book Value or the Debt Due LESS any amount due to the Maha-Metro by the Concessionaire under this Agreement LESS all insurance claims received or admitted. For purpose of Termination the term Equity shall mean :-.