Authority Default Termination Sum definition

Authority Default Termination Sum means an amount which is reasonably determined by the Authority, on the basis of information available to the Authority following consultation with the Contractor and having regard to any representations made by the Contractor (provided that, if the Contractor does not agree with the Authority’s determination the matter shall be determined in accordance with the Dispute Resolution Procedure), as being equivalent to the amount the Contractor would have received (net of any payments already received under this Agreement) had this Agreement continued until the Expiry Date and the Contractor had met [the Minimum Expected Outcomes] less the additional costs that the Contractor would have incurred in providing the Services from the Termination Date to the Operational Period End Date (for the avoidance of doubt without adjusting either the Outcomes Payments or the additional costs for inflation);
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Authority Default Termination Sum has the meaning given to it in Clause 46 (Compensation on Termination for Authority Default/Voluntary Termination by the Authority);
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Authority Default Termination Sum means the amount payable in accordance with Clause 66 (Compensation on Termination for Authority Default);
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Examples of Authority Default Termination Sum in a sentence

  • Where this Agreement terminates pursuant to clause 41.2 (Termination on Authority Default) the Authority shall pay to the Contractor the Authority Default Termination Sum on the Termination Date.

  • The Authority Default Termination Sum shall be payable in accordance with Section 5 (General) of this Schedule Part 17 (Compensation on Termination).

  • COMPENSATION ON TERMINATION FOR AUTHORITY DEFAULT/VOLUNTARY TERMINATION On termination of this Agreement pursuant to clauses 41.1 (Voluntary Termination by the Authority) or 41.2 (Termination on Authority Default), the Authority shall pay the Contractor the Authority Default Termination Sum in accordance with clauses 55 (Miscellaneous Compensation Provisions) and 56 (Method of Payment).

  • On termination of this Agreement pursuant to clause 24.5 ( Authority Default), the Authority shall pay the Authority Default Termination Sum to the Contractor within twenty (20) Days of the Termination Date.

  • Where the Authority serves a termination notice pursuant to this clause 24.7, it shall pay the Authority Default Termination Sum on the date this Agreement terminates pursuant to that notice.

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  • To the extent that such assets and rights referred to in paragraph 1.2.7 above are not realised and applied by the Invoice Date, Sub-hubco shall on payment of the Authority Default Termination Sum assign such assets and rights to the Authority.

  • Where this Project Agreement is terminated pursuant to Clause 35 (Termination for Authority Default), the Authority will pay to PPP Co. the Authority Default Termination Sum on or before the date falling thirty (30) days after the Termination Date.

  • To the extent that such assets and rights referred to in paragraph 304.6.5 above are not realised and applied by the Invoice Date, Project Co shall on payment of the Authority Default Termination Sum assign such assets and rights to the Authority.

  • Where this Agreement terminates in the circumstances set out in clause 85 (Local Government (Contracts) Act 1997) the Authority shall pay the Contractor the Authority Default Termination Sum in accordance with paragraph 3 of Schedule 12.


More Definitions of Authority Default Termination Sum

Authority Default Termination Sum means all outstanding properly incurred undisputed sums payable under this Contract, which shall be payable by the Authority in accordance with the provisions of clause 22 (Invoices);
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Authority Default Termination Sum means the amount payable in accordance with clause 44.1 (Authority Default Termination Sum) Authority Direction means, in the event that there are any Transferring Employees and/or any Retained Transferring Employees, any direction given by the Authority to the Contractor (such direction to be confirmed in writing) in relation to or in connection with any persons employed or engaged in respect of any of the Services Authority Employees means all those persons employed by the Authority under a contract of employment (but excluding any person engaged by the Authority as an independent contractor or persons employed by any sub-contractor engaged by the Authority)
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Authority Default Termination Sum means the amount payable in accordance with clause 44.1 (Authority Default Termination Sum) Authority Direction means, in the event that there are any Transferring Employees and/or any Retained Transferring Employees, any direction given by the Authority to the Contractor (such direction to be confirmed in writing) in relation to or in connection with any persons employed or engaged in respect of any of the Services Authority Employees means all those persons employed by the Authority under a contract of employment (but excluding any person engaged by the Authority as an independent contractor or persons employed by any sub-contractor engaged by the Authority) Authority Ground Investigation means the ground investigation report in respect of the Hall Road Site undertaken by Sub Surface North West Limited dated March 2010 with report number NEZ 973A Authority Policies means the policies of the Authority referred to in Schedule 12 (Authority Policies) as any such policies may be amended in line with clause 53 (Authority and Contractor Changes) Authority Related Party means:
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Authority Default Termination Sum means the amount payable in accordance with clause 49 (Compensation on Termination for Authority Default/Voluntary Termination); Authority Equipment those items of furniture, teaching resources, equipment, consumables and personal effects including all ICT equipment to be identified by the Authority to the Contractor in accordance with the Decant Protocol which for the avoidance of doubt shall exclude the Library Equipment; Authority Existing Employee means in relation to any of the Services, all those persons employed by the Authority under a contract of employment (excluding to avoid doubt (without limitation) any person engaged by the Authority as an independent contractor or persons employed by any sub-contractor engaged by the Authority) who are wholly or substantially engaged in the provision of the Relevant Service as at the Relevant Service Transfer Date;
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Authority Default Termination Sum has the meaning given to it in paragraph 1.2 of Section 2 of Schedule 6D; "Authority Indemnity Sum" shall bear the meaning ascribed thereto in clause 22.7.2 (Taxation);
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Authority Default Termination Sum has the meaning given in Clause 55.1;
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Related to Authority Default Termination Sum

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).