Common use of Delays due to a Compensation Event Clause in Contracts

Delays due to a Compensation Event. If as a direct result of the occurrence of a Compensation Event:- 15.5.1 the Contractor is unable to procure that the relevant Properties and/or Dwellings within the Project achieve the relevant Availability Standards as specified in the Output Specification on or before the Planned Refurbishment Works Completion Date , the Milestone Works Completion Date or the Longstop Date; 15.5.2 the Contractor is unable to comply with one or more of its obligations under this Contract; and/or 15.5.3 the Contractor incurs Losses or loses revenue, then the Contractor is entitled to apply for relief from its obligations and/or claim compensation under this Contract.

Delays due to a Compensation Event. If If, as a direct result of the occurrence of a Compensation Event:-Event: 15.5.1 16.5.1 the Contractor is unable to procure that achieve the relevant Availability Standards (Full) for the Dwellings and Properties and/or Dwellings within for the Project achieve the relevant Availability Standards as specified in the Output Specification on or before the Planned Refurbishment Works Completion Date , the Milestone Works Completion Date or the Longstop Date;, 15.5.2 16.5.2 the Contractor is unable to comply with one or more of its obligations under this Contract; Agreement, and/or 15.5.3 16.5.3 the Contractor incurs Losses costs or loses revenue, then the Contractor is entitled to apply for relief from its obligations and/or to claim compensation under this ContractAgreement.