Liability for Contingency Compensation Events Sample Clauses

Liability for Contingency Compensation Events. (a) As of the Agreement Date, the Concessionaire has planned and set aside contingency in the amount of $50,000,000.00 (as adjusted pursuant to this Section 14.02, the “Contingency Amount”) for Concessionaire Damages from Contingency Compensation Events. In the event that Contingency Compensation Events are determined to entitle the Concessionaire to Concessionaire Damages, the Concessionaire shall exclusively bear the first $50,000,000.00 in the aggregate (in addition to the deductibles under Section 14.01(d)). Unless otherwise elected by the Department in its sole discretion, the Contingency Amount shall be the first source of compensation for Contingency Compensation Events. The Department shall be responsible for the next $50,000,000.00 in excess of the Contingency Amount for Concessionaire Damages related to Contingency Compensation Events (“Contingency Compensation Event Limit”). The Concessionaire shall be solely responsible and liable for any Concessionaire Damages related to Contingency Compensation Events in excess of the Contingency Compensation Event Limit.
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Related to Liability for Contingency Compensation Events

  • Compensation Events 44.1 The following are Compensation Events unless they are caused by the Contractor:

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Compensation in relation to breach In relation to any breach of this contract, the party in breach shall indemnify the Innocent Party against all Relevant Losses.

  • Compensation for Reimbursable Expenses 11.8.1 Reimbursable Expenses are in addition to compensation for Basic, Supplemental, and Additional Services and include expenses incurred by the Architect and the Architect’s consultants directly related to the Project, as follows:

  • Injury Compensation Employees covered by this Agreement shall be covered by Subchapter I of Chapter 81 of Title 5, and any amendments thereto, relating to compensation for work injuries. The Employer will promulgate appropriate regulations which comply with applicable regulations of the Office of Workers’ Compensation Programs and any amendments thereto.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

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