Common use of Political Force Majeure Events Clause in Contracts

Political Force Majeure Events. For purposes of Clause 15.1, Political Event shall mean one or more of the following acts or events by or on account GNCTD, DTIDCL or any other Governmental Agency: (a) Change in Law; (b) compulsory acquisition in national interest or expropriation of any project assests or the or rights of the Concessionaire/ Contractor (under any of the Project Agreements); (c) any failure or delay of a Contractor but only to the extent caused by another Political Event and which does not result in any offsetting compensation being payable to the Concessionaire by or on behalf of such Contractor; or (d) any event or circumstance of a nature analogous to any of the foregoing.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Political Force Majeure Events. For purposes of Clause 15.1, Political Event shall mean one or more of the following acts or events by or on account GNCTDGMCBL, DTIDCL GMCBL or any other Governmental Agency: (a) Change in Law; (b) compulsory acquisition in national interest or expropriation of any project assests assets or the or rights of the Concessionaire/ Contractor (under any of the Project Agreements); (c) any failure or delay of a Contractor but only to the extent caused by another Political Event and which does not result in any offsetting compensation being payable to the Concessionaire by or on behalf of such Contractor; or (d) any event or circumstance of a nature analogous to any of the foregoing.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Political Force Majeure Events. For purposes of Clause 15.1, Political Event shall mean one or more of the following acts or events by or on account GNCTD, DTIDCL or any other Governmental Agency: (a) Change in Law; (b) compulsory acquisition in national interest or expropriation of any project assests assets or the or rights of the Concessionaire/ Contractor (under any of the Project Agreements); (c) any failure or delay of a Contractor but only to the extent caused by another Political Event and which does not result in any offsetting compensation being payable to the Concessionaire by or on behalf of such Contractor; or (d) any event or circumstance of a nature analogous to any of the foregoing.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

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Political Force Majeure Events. For purposes of Clause 15.1, Political Event shall mean one or more of the following acts or events by or on account GNCTD, DTIDCL or any other Governmental Agency: (a) Change in Law;Law; (b) compulsory acquisition in national interest or expropriation of any project assests or the or rights of the Concessionaire/ Contractor (under any of the Project Agreements);Agreements); (c) any failure or delay of a Contractor but only to the extent caused by another Political Event and which does not result in any offsetting compensation being payable to the Concessionaire by or on behalf of such Contractor; Contractor; or (d) any event or circumstance of a nature analogous to any of the foregoing.

Appears in 1 contract

Samples: Concession Agreement

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