Compensable Event Sample Clauses

Compensable Event. 7.5.1 Notwithstanding anything in this Agreement to the contrary, in the event of a “Compensa- ble Event,” as hereinafter defined, Design/Builder shall notify the District in writing within fourteen (14) days, setting forth all of the facts and circumstances relating to the Com- pensable Event, the expected financial impact on the Stipulated Sum, and any delays to the Contract Time. In the event the District agrees that it is a Compensable Event, the District shall have the option of either: (a) adjusting the Contract Time by the delay occasioned by the Compensable Event, if any, and increasing the Stipulated Sum by the financial impact of the Compen- sable Event, if any, or (b) reducing the scope of the Project so that the Stipulated Sum and/or Contract Time will not be exceeded. Design/Builder shall cooperate with the District, and provide information at no additional cost to the District, at the District’s request to identify appropriate program modifications to achieve the desired effect.
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Compensable Event. ‌ 7.5.1 Notwithstanding anything in this Design Build Agreement to the contrary, in the event of a “Compensable Event,” as hereinafter defined, Design/Builder shall notify the STA in writing within fourteen (14) days, setting forth all of the facts and circumstances relating to the Compensable Event, the expected financial impact on the Contract Amount, and any delays to the Contract Time. In the event the STA agrees that it is a Compensable Event, the STA shall have the option of either: (a) adjusting the Contract Time by the delay occasioned by the Compensable Event, if any, and increasing the Contract Amount by the financial impact of the Compensable Event, if any, or (b) reducing the scope of the Project so that the Contract Amount and/or Contract Time will not be exceeded. Design/Builder shall cooperate with the STA and provide information at no additional cost to the STA, at the Xxxxxx Transportation Authority Agreement STA’s request, to identify appropriate program modifications to achieve the desired effect.
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Compensable Event. An action or event for which Contractor is also entitled to an equitable adjustment in Contract Sum but not Contract Time for the applicable Project.
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Compensable Event. Without limiting the generality of the foregoing and notwithstanding anything to the contrary contained in the Agreement, if JCI’s performance of the JCI Work is delayed, prevented or impacted by a Compensable Event, then, to the extent JCI’s costs, time of performance and/or ability to generate Project benefits are adversely impacted by the Compensable Event, JCI will be entitled to equitably adjust the fees charged by JCI, the time for performance of the JCI Work, and, if any, the performance guaranty. In addition, Customer shall pay to JCI any and all damages incurred by JCI properly attributable to the Compensable Event.
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Related to Compensable Event

  • Reportable Events No such Employee Benefit Plan which is an Employee Pension Benefit Plan has been completely or partially terminated or been the subject of a Reportable Event as to which notices would be required to be filed with the PBGC. No proceeding by the PBGC to terminate any such Employee Pension Benefit Plan has been instituted or threatened; and

  • Reportable Events Involving the Xxxxx Law Notwithstanding the reporting requirements outlined above, any Reportable Event that involves solely a probable violation of section 1877 of the Social Security Act, 42 U.S.C. §1395nn (the Xxxxx Law) should be submitted by Practitioner to CMS through the self-referral disclosure protocol (SRDP), with a copy to the OIG. If Practitioner identifies a probable violation of the Xxxxx Law and repays the applicable Overpayment directly to the CMS contractor, then Practitioner is not required by this Section III.G to submit the Reportable Event to CMS through the SRDP.

  • Independence from Material Breach Determination Except as set forth in Section X.D.1.c, these provisions for payment of Stipulated Penalties shall not affect or otherwise set a standard for OIG’s decision that Xxxxx has materially breached this IA, which decision shall be made at OIG’s discretion and shall be governed by the provisions in Section X.D, below.

  • Reportable Event Reportable Event" means a "reportable event" as defined in Section 4043(b) of ERISA.

  • ERISA Reportable Event A reportable event with respect to a Guaranteed Pension Plan within the meaning of §4043 of ERISA and the regulations promulgated thereunder as to which the requirement of notice has not been waived.

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Work-related Injury/Disability An employee who receives an Employer Contribution and who is off the State payroll due to a work-related injury or a work-related disability remains eligible for an Employer Contribution as long as such an employee receives workers' compensation payments. If such employee ceases to receive workers' compensation payments for the injury or disability and is granted a medical leave under Article 10, he/she shall be eligible for an Employer contribution during that leave.

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • Definition of Reportable Event For purposes of this CIA, a “Reportable Event” means anything that involves: a. a substantial Overpayment; b. a matter that a reasonable person would consider a probable violation of criminal, civil, or administrative laws applicable to any Federal health care program for which penalties or exclusion may be authorized; c. the employment of or contracting with a Covered Person who is an Ineligible Person as defined by Section III.G.1.a; or d. the filing of a bankruptcy petition by Good Shepherd. A Reportable Event may be the result of an isolated event or a series of occurrences.

  • CRIMINAL ACTIVITY If subsequent to the effectiveness of this Agreement, NYSERDA comes to know of any allegation previously unknown to it that the Contractor or any of its principals is under indictment for a felony, or has been, within five (5) years prior to submission of the Contractor’s proposal to NYSERDA, convicted of a felony, under the laws of the United States or Territory of the United States, then NYSERDA may exercise its stop work right under this Agreement. If subsequent to the effectiveness of this Agreement, NYSERDA comes to know of the fact, previously unknown to it, that Contractor or any of its principals is under such indictment or has been so convicted, then NYSERDA may exercise its right to terminate this Agreement. If the Contractor knowingly withheld information about such an indictment or conviction, NYSERDA may declare the Agreement null and void and may seek legal remedies against the Contractor and its principals. The Contractor or its principals may also be subject to penalties for any violation of law which may apply in the particular circumstances. For a Contractor which is an association, partnership, corporation, or other organization, the provisions of this paragraph apply to any such indictment or conviction of the organization itself or any of its officers, partners, or directors or members of any similar governing body, as applicable.

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