Indirect Political Event definition

Indirect Political Event shall have the meaning set forth in Clause 21.3;

Indirect Political Event shall have the meaning ascribed thereto in Clause 18.3; “Letter of Award” means the letter of award referred in Recital (G);

Indirect Political Event shall have the meaning as set forth in Clause 28.3; “Inspection Report” shall have the meaning as set forth in Clause 15.2;

Examples of Indirect Political Event in a sentence

• If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; and 110% (one hundred and ten per cent) of the Adjusted Equity.

• If the Termination of this BA is on account of an Indirect Political Event, the "EESL" shall be entitled to receive from the "ULB------------------" by the way of Termination Payment an amount equal to the consideration of the project as specified in article 6 of this BA minus the interest not applicable for the balance period of BA after termination.

• If the Realisable Fee in any Accounting Year shall fall short of the Subsistence Revenue as a result of an Indirect Political Event, a Political Event or an Authority Default, as the case may be, the Authority shall, upon request of the Concessionaire, provide a loan for meeting such shortfall (the “Revenue Shortfall Loan”) at an interest rate equal to 2% (two per cent) above the Bank Rate.

• Events shall mean occurrence in India of any or all of Non-Political Event, Indirect Political Event and Political Event, as defined in hereinafter, if it affects the performance by the Company of its obligations under this Agreement and which act or event (i) is beyond the reasonable control of the Company, and (ii) the Company could not have prevented or overcome by exercise of due diligence and following reasonable care, and (iii) has material adverse effect on the Company.

• An Indirect Political Event shall mean an act of war (whether declared or undeclared), invasion, armed conflict or act of foreign enemy, blockade, embargo, riot, insurrection, terrorist or military action, civil commotion or politically motivated sabotage which prevents operation of the Institutes by the Concessionaire for period exceeding a continuous period of 30 (thirty) days in a financial year.

More Definitions of Indirect Political Event

Indirect Political Event shall have the meaning ascribed thereto in Article 15.3.

Indirect Political Event shall have the meaning set forth in Clause 21.3; “Insurance Cover” means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act orevent; “Intellectual Property” means all patents, trademarks, service marks, logos, get-up, trade names, internet domain names, rights in designs, blue prints, programmes and manuals, drawings, copyright (including rights in computer software), database rights, semi-conductor, topography rights, utility models, rights in know-how and other intellectual property rights, in each case whether registered or unregistered and including applications for registration, and all rights or forms of protection having equivalent or similar effect anywhere in theworld; “Interim Payment Certificate” or “IPC” means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement; “Joint Venture” means the group of entities which have come together for implementation of this Project; “Lead Member” shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Contract AgreementPage 21 of 160 “Widening / Improvement to 4 (Four) Lane with Paved Shoulder configuration of existing single lane road from Srirampur (near Bhairiguri Village) to Kachukhana Harichara Paglagaunj (Package-I)

Indirect Political Event shall have the meaning as set forth in Clause 15.3; “LOA” or “Letter of Award” means the letter of award referred to in Recital (D); “Letter of Credit” shall have the meaning as set forth in Clause 12.1.1;

Indirect Political Event shall have the meaning set forth in Clause Error! Reference source n ot found.;

Indirect Political Event shall have the meaning set forth in Clause 16.2;

Indirect Political Event shall have the meaning set forth in Clause 19.3 of the Draft Contract Agreement;

Indirect Political Event shall have the meaning ascribed thereto in Article 12. “Maintenance Manual” shall have the meaning ascribed to it in Article 9.5. "Maintenance Programme" shall have the meaning ascribed to it in Article 9.6.