Common use of Additional Termination Payment Clause in Contracts

Additional Termination Payment. Payment due and payable in respect of Specified Assets which are constructed, acquired or installed after the 5th (fifth) anniversary of COD but no later than the 20th (twentieth) anniversary of the Date of Award of Concession, shall be limited to the lowest of: 1. Adjusted Depreciated Value thereof; 2. the replacement value thereof, as assessed by an Approved Valuer, who shall be selected andappointed by the Concessioning Authority, within 15 (fifteen) days of termination, for submittinghis assessment within 30 (thirty) days of his appointment hereunder; and

Additional Termination Payment. Payment due and payable in respect of Specified Assets which are constructed, acquired or installed after the 5th (fifth) anniversary of COD but no later than the 20th (twentieth) anniversary of the Date of Award of Concession, shall be limited to the lowest of: 1. Adjusted Depreciated Value thereof; 2. the replacement value thereof, as assessed by an Approved Valuer, who shall be selected andappointed and appointed by the Concessioning Authority, within 15 (fifteen) days of termination, for submittinghis submitting his assessment within 30 (thirty) days of his appointment hereunder; and

Additional Termination Payment. Payment due and payable in respect of Specified Assets which are constructed, acquired or installed after the 5th (fifth) anniversary of COD date of commercial operations of xxxxxxxxxx port but no later than the 20th (twentieth) anniversary of the Date of Award of Concession, shall be limited to the lowest of: 1. i. Adjusted Depreciated Value thereof; 2ii. the replacement value thereof, as assessed by an Approved Valuer, who shall be selected andappointed and appointed by the Concessioning Authority, within 15 (fifteen) days of termination, for submittinghis submitting his assessment within 30 (thirty) days of his appointment hereunder; andand iii. 40% of Total Project Cost.