Relief Events definition

Relief Events means: the following events:

Relief Events has the meaning given in Clause 30 (Relief Events);

Relief Events as defined in the PPA. The authorization of such additional series of EDC bonds shall be subject to approval by the RDC and the City’s Common Council at the time of issuance and shall be payable from both TIF 1 and TIF 2 revenues, with the TIF 1 revenue being subject to the TIF 1 Property Tax Back-Up described in Section 5.7 below, as well as benefitting from the debt service reserve fund of the trust indenture for bonds issued for the Project. Upon issuance, the amount of principal and interest due on the additional series of EDC bonds will correspond to the additional amount of payments due under the PPA.

Examples of Relief Events in a sentence

• Documents relating to events of Force Majeure, Delay Events and Relief Events and the consequences of the same.

• Unless Project Co initiates the Dispute Resolution Procedure within 30 days of receiving the City’s determination, Project Co will not be entitled to claim relief (as provided for in this Section 11 [Relief Events and Limited Relief Events]), for that event.

• If it is subsequently determined that the work was in accordance with the Project Requirements, then such direction shall, subject to Section 11 [Relief Events and Limited Relief Events], constitute a Relief Event under Section 11.1.1(a)(ii).

• Such City direction shall be without prejudice to Project Co’s rights to claim compensation or other relief as an element or aspect of the resolution of the relevant Dispute or as a Relief Event pursuant to Section 11.1.1 [Relief Events] of the Agreement to the extent such City directions establish a supplemental or incremental scope of work, or increased cost, to the Project Work or to assert other rights under the Agreement.

• The Design-Builder shall bear the expense of all such work, except for damage to the Work due to certain Relief Events specified in the DBA that are beyond the control of and without the fault or negligence of the Design-Builder, such as force majeure events or acts of governmental authorities, which shall be compensable pursuant to a Supplemental Agreement.

• Subject to Section 11 [Relief Events], if applicable, Project Co will be responsible for all temporary access and remedial construction in respect of the Adjoining Lands, and will utilize the following protocol in managing access to and use of the Adjoining Lands (the “Adjoining Lands Access Protocol”) and such protocol shall be conducted in a manner that will permit Project Co to perform its obligations pursuant to Schedule 12 [Communications and Engagement].

• Subject to clause 34.1 (Reporting and monitoring) and without prejudice to the Operator’s obligations under clause 6 (Operator Undertakings), the Operator shall be liable pursuant to clause 34.1 (Reporting and monitoring) for any Performance Deduction arising as a consequence of damage to Network Assets or defects, unless relieved by the Authority in accordance with clause 41 (Relief Events) or to the extent contemplated by Schedule 19 (Payment and Performance Deductions).

• Any justifiable increases in the agreed Project GMP or a Component GMP will require a Supplemental Agreement and will be limited to certain specified Relief Events.

• The occurrence of any such industrial action will not entitle PPP Co. to an extension of time and/or relief from its obligations under this Project Agreement save to the extent (if at all) that same constitutes a Relief Event in which case the provisions of Clause 42 (Relief Events) will apply.

• If the City determines that Project Co is not entitled to claim relief (as provided for in this Section 11 [Relief Events and Limited Relief Events]), for a particular event, the City may provide written notice to Project Co of this determination with reasons.

More Definitions of Relief Events

Relief Events. As per the Agreement (excluding adjustments to the Service Payments).

Relief Events. As per the Agreement.

Relief Events has the meaning set out in paragraph 4.6 of Schedule 4 (Specification);

Relief Events. Risks for which neither party has control, for example force majeure events, but that are insurable, for which the Developer is entitled to schedule and performance relief only. Examples include force majeure events, fire or explosions, and earthquakes.