Common use of Compensation Event Clause in Contracts

Compensation Event. In the case of a Compensation Event, the Contracting Authority must pay the Contractor (or where a Contracting Authority Change is concerned, the Contractor may have to pay the Contracting Authority) compensation in accordance with Schedule 3 (Compensation for Supervening Events), paragraph 2 (Compensation Event).

Compensation Event. In the case of If a Compensation EventEvent occurs, the Contracting Authority must pay indemnify the Contractor (or where in the event of a Contracting Authority Change is concernedChange, the Contractor may have to pay the Contracting Authority) compensation in accordance with Section 2 (Compensation Event) of Schedule 3 (Compensation for Supervening Events), paragraph 2 (Compensation Event).

Compensation Event. In the case of If a Compensation EventEvent occurs, the Contracting Authority must pay indemnify the Contractor (or where in the event of a Contracting Authority Change is concernedChange, the Contractor may have to pay must, possibly, indemnify the Contracting Authority) compensation in accordance with Section 2 (Compensation Event) of Schedule 3 (Compensation for Supervening Events), paragraph 2 (Compensation Event).