Qualifying Change in Law definition

Qualifying Change in Law means: (i) a Discriminatory Change in Law; (ii) a Specific Change in Law; or (iii) an Other Change in Law, which, in each case, is not a Foreseeable Change in Law and, provided that no decision by the European Commission or other Competent Authority in respect of the application of the State Aid Rules to the Contract for Difference or FiT Contracts for Difference (including the annulment, invalidation, suspension, revocation, modification or replacement of any prior decision pursuant to such rules) shall constitute a Qualifying Change in Law;

Qualifying Change in Law means any Change in Law:

Qualifying Change in Law means any Change in Law, which: (a) is directly applicable to the Project; (b) impacts the Cost or time for undertaking the Project; and (c) which was not reasonably foreseeable by the Concessionaire as on the Bid Due Date.

Examples of Qualifying Change in Law in a sentence

• The provisions of Section 12.2 (Compensation Events) shall apply in respect of any Qualifying Change in Law.

• The costs of introducing a change in Service resulting from a Qualifying Change in Law (including any resulting variation in the Contract Price) shall be dealt with in accordance with Clause 36 (Change in Law) and to the extent not dealt with shall be borne by the Contractor.

• The Base Case Financial Model is used to agree the financial consequences of a Relevant Event in order to determine whether a Revenue Compensation Payment should be made with the intent that the Revenue Compensation Payment (or payments which may be made to HPTE if an HPTE Change of a Qualifying Change in Law results in a cost saving by the Concessionaire or its sub-contractors) shall have the result that the Concessionaire is in no better and no worse a position as a consequence of the Relevant Event.

• If HPTE and the Concessionaire agree that a Qualifying Change in Law event would result in a loss of Toll Revenues, then the parties agreed that any financial consequences of such loss will be addressed through a regular payment from HPTE to the Concessionaire, or otherwise will be facilitated by a revision to the Base Case Financial Model.

• The costs of introducing a Contractor Change resulting from a Qualifying Change in Law (including any resulting revision of the Unitary Charge) shall be dealt with in accordance with clause 59 (Change in Law) and, to the extent not dealt with therein, all costs shall be borne by the Contractor.

More Definitions of Qualifying Change in Law

Qualifying Change in Law means any one or more of the following:

Qualifying Change in Law means: A Discriminatory Change in Law; and/or A Specific Change in Law;provided, however, that any assignment by HPTE in accordance with the Concession Agreement shall not be considered a Qualifying Change in Law.

Qualifying Change in Law. (a) a Specific Change in Law; or (b) a General Change in Law, which comes into effect after the Commencement Date and which involves capital expenditure; Phrase/Word Meaning which was not foreseeable at the date of this Agreement;

Qualifying Change in Law has the meaning given in clause 12.4(a); P Records means the Service Records and the Financial Records; M

Qualifying Change in Law each and any of:

Qualifying Change in Law means any Change in Law: (a) which applies to: (i) the Project and not to other similar projects within Odisha; (ii) the Project SPV, but not to other Persons; or (iii) energy service companies providing energy efficiency services, but not to other Persons; and (b) which was not reasonably foreseeable by the Project SPV as on the Execution Date. RFP has the meaning ascribed to it in Recital C. Rupees or Rs. means Indian Rupees, the lawful currency of India.

Qualifying Change in Law means any Change in Law which specifically relates to the Services being provided under this Agreement or impacts the provision of a service being the same as or similar to the Services.