Common use of Political Force Majeure Events Clause in Contracts

Political Force Majeure Events. Political force majeure events shall mean one or more of the following acts or events by or on account of GoI, GoCG or any other governmental agency: I. Change in law; means a Material Adverse Change resulting from any of the following: a. adoption, promulgation, modification, reinterpretation or repeal after the date of this Agreement by any Government authority of any statute, rule regulation, order, treaty, convention, directive, guidelines, policies; or b. the imposition by any Government authority of any material condition in connection with the issuance, renewal or modification of any Approvals after the date of this Agreement which renders the performance by the Lessee of any of the terms of this Agreement impossible. c. any Approval previously granted, ceasing to remain in full force and effect for reasons other than breach/violation by or the negligence of the Lessee or if granted for a limited period, being renewed on terms different from those previously stipulated. Provided this Article 5.1.i (c) shall not be triggered due to any increase in taxes, duties, cess and the like effected from time to time by any Government authority

Political Force Majeure Events. Political force majeure events shall mean one or more of the following acts or events by or on account of GoI, GoCG or any other governmental agency: I. Change in law; means a Material Adverse Change resulting from any of the following: a. adoption, promulgation, modification, reinterpretation or repeal after the date of this Agreement by any Government authority of any statute, rule regulation, order, treaty, convention, directive, guidelines, policies; or b. the imposition by any Government authority of any material condition in connection with the issuance, renewal or modification of any Approvals after the date of this Agreement which renders the performance by the Lessee of any of the terms of this Agreement impossible. c. any Approval previously granted, ceasing to remain in full force and effect for reasons other than breach/violation by or the negligence of the Lessee or if granted for a limited period, being renewed on terms different from those previously stipulated. Provided this Article 5.1.i 5.1.1 (ciii) shall not be triggered due to any increase in taxes, duties, cess and the like effected from time to time by any Government authorityauthority I. compulsory acquisition in national interest or expropriation of any Project Assets or rights of the Lessee or of the Contractors;