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
The Parties agree and acknowledge that any Termination Sum payable hereunder is liquidated damages and a genuine and reasonable pre-estimate of the loss or damage that would be suffered by the Service Provider in the event of early termination by the of the Agreement by or as a result of any act of omission of the Client..
If the Service Provider terminates this Agreement pursuant to Clause 5.4 or Clause 18.1 or the Client purports to terminate this Agreement in advance of the expiry of the Initial Term the Client shall pay the Termination Sum to the Service Provider.
The Termination Sum shall be payable within 20 Business Days of such termination.
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 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 the aggregate of the compensation calculated in accordance with the provisions of Clause 18.2.
Termination Sum means an amount equal to the aggregate amount that would have become due in respect of the Rental and Handling Charge (fixed at the higher of the Floor Price or the latest Market Price) under this Agreement until the date on which this Agreement would have expired in accordance with its terms.
Termination Sum means any compensation payable by the Authority to the Contractor on an early termination of this Agreement under clauses 42 (Compensation on Termination for Force Majeure), 43 (Compensation on Termination for Contractor Default), 44 (Compensation on Termination for Authority Default/Voluntary Termination) and 45 (Compensation on Corrupt Gifts, Fraud and Refinancing Breaches) (excluding the Adjusted Highest Compliant Tender Price)