Termination Sum definition

Termination Sum means the percentage of the Tariff payable by the Client to the Service Provider pursuant to Clause 18.4 and as set out in Appendix B; and

Termination Sum has the meaning given to such term in the Financial Schedule;

Termination Sum means any compensation payable by either Party to the other Party on an early termination of this Contract under Part X (Expiry and Termination) of this Contract;

Examples of Termination Sum in a sentence

• To the extent the Non-Default Termination Sum is based on estimates of cost, the Parties will readjust as soon as such estimated costs can be determined.

• The costs and expenses to be taken into account in the calculation of the Non-Default Termination Sum due pursuant to this Schedule B shall only be such costs and expenses to the extent that they are reasonable and proper in quantum and shall have been or will be reasonably and properly incurred.

• Payment of the remaining balance of the Optional Termination Sum (the “ Optional Termination Sum Holdback Amount”), if any, shall be subject to and made in accordance with Section 9.6(f).

• Whether or not any Optional Termination Sum is payable by the Sponsor to the Supplier, the Sponsor shall return any Completion and Performance Security held by the Sponsor to the Supplier within twenty (20) Business Days following receipt of a written request therefor made by the Supplier following the Termination Date, net of any amounts owing by the Supplier to the Sponsor.

• If an Optional Termination occurs after the Sponsor has issued Notice to Proceed to the Supplier in accordance with Section 2.4(a) and the Supplier has provided to the Sponsor the Incremental NTP Security in accordance with Section 2.4(h), the Sponsor shall (subject to and in accordance with this Section 9.6) pay to the Supplier the Optional Termination Sum.

More Definitions of Termination Sum

Termination Sum means (i) all expenses incurred by the Financiers and the Security Trustee, including, without limitation, those incurred in enforcing any right, power or remedy, (ii) the Prepayment Fee, (iii) all accrued and unpaid interest on the Notes, including interest on past due amounts at the Past Due Rate and PIK Interest and (iv) all outstanding principal of the Notes.

Termination Sum means any sum payable for Project assets by the Lead Council to the Contractor as compensation on termination caused due to Lead Council default or voluntary termination or relevant discharge terms paid due to the Lead Council acting ultra xxxxx, Contractor default on a no retendering basis (fair market valuation), Contractor default due to breach of the refinancing provisions, force majeure, uninsurability consequences or corrupt gifts and fraud early termination of the Project Agreement

Termination Sum has the meaning given in paragraph 6.1.4(e);

Termination Sum means any compensation payable by the Authority to the Contractor on an early termination of this Contract under Clauses:

Termination Sum means the aggregate of the compensation calculated in accordance with the provisions of Clause 18.2.

Termination Sum means an amount representing the Owners’ losses as a result of a Termination prior to the expiry of the Agreed Charter Period (other than by virtue of the Charterers exercising the Purchase Option in accordance with Clause 55 (Purchase Option) or by virtue of the Owners delivering a Purchase Obligation Notice in accordance with paragraph (b) (Purchase Obligation – outbreak of war) of Clause 56 (Purchase Obligation and transfer of title), which both parties acknowledge as a genuine and reasonable pre-estimate of the Owners’ losses in the event of such Termination and shall consist of the following:

Termination Sum means, as liquidated damages and not as penalty, the agreed pre- estimated Losses of the Owners as a result of the early termination of this Charter prior to the expiry of the Charter Period which amount shall consist of the following: (a) all Charterhire due and payable, but unpaid, under this Charter up to (and including) the Termination Date; (b) liquidated damages in accordance with the table set out Schedule 4 (Amounts under paragraph (b) of the definition of Termination Sum); (c) any Breakage Costs; (d) any other sums due and payable to the Owners but unpaid under the Relevant Documents;