Common use of Restoration and Reinstatement of Damage or Destruction Clause in Contracts

Restoration and Reinstatement of Damage or Destruction. Unless this Agreement is terminated in accordance with its terms (including under Section 8.6 [Termination for Force Majeure Event] or Section 8.7 [Termination for Damage or Destruction]), if all or any part of the Project Infrastructure or the Project Site is damaged or destroyed, Project Co shall restore, replace and reinstate such damage or destruction (the “Reinstatement Work”) promptly and in any event as soon as practicable in the circumstances. Except as otherwise expressly provided in this Agreement, damage to or destruction of all or any part of the Project Infrastructure or the Project Site shall not terminate this Agreement or relieve Project Co of any of its obligations under this Agreement or entitle Project Co to any compensation from the Province or BCTFA.

Appears in 2 contracts

Samples: Insurance Trust Agreement, Project Agreement

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Restoration and Reinstatement of Damage or Destruction. Unless this Agreement is terminated in accordance with its terms (including under Section 8.6 [Termination for Force Majeure Event] or Section 8.7 [Termination for Damage or Destruction]), if all or any part of the Project Infrastructure or the Project Site is damaged or destroyed, Project Co the Concessionaire shall restore, replace and reinstate such damage or destruction (the “Reinstatement Work”) promptly and in any event as soon as practicable in the circumstances. Except as otherwise expressly provided in this Agreement, damage to or destruction of all or any part of the Project Infrastructure or the Project Site shall not terminate this Agreement or relieve Project Co the Concessionaire of any of its obligations under this Agreement or entitle Project Co the Concessionaire to any compensation from the Province or BCTFA.

Appears in 1 contract

Samples: Concession Agreement

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Restoration and Reinstatement of Damage or Destruction. Unless this Agreement is terminated in accordance with its terms (including under Section 8.6 [Termination for Force Majeure Event] or Section 8.7 [Termination for Damage or Destruction]), if all or any part of the Project Infrastructure or the Project Site is damaged or destroyeddestroyed prior to the Substantial Completion Date, Project Co shall restore, replace and reinstate such damage or destruction (the “Reinstatement Work”) promptly and in any event as soon as practicable in the circumstances. Except as otherwise expressly provided in this Agreement, damage to or destruction of all or any part of the Project Infrastructure or the Project Site shall not terminate this Agreement or relieve Project Co of any of its obligations under this Agreement or entitle Project Co to any compensation from the Province or BCTFA.

Appears in 1 contract

Samples: Project Agreement

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