Common use of Restoration; Compensation Clause in Contracts

Restoration; Compensation. In the event that a Political Event or Change in Law results in material damage to the Facility that requires a material modification or a material capital addition or material repair to the Facility necessary to return the Facility to its performance capability or its physical state immediately preceding the occurrence of the Political Event or that compliance by the Company with a Change in Law requires a material modification or a material capital addition to the Facility (in each case, a “Restoration”), the Company shall, within twenty- eight (28) Days after the date by which it was first required to provide notice to the GOB under Section 11A.2(a), except if the Political Event or Change in Law, has not ended by the time of such notice, in which case within twenty-eight (28) Days of the notice required by 11A.2(b)(i), develop and deliver to the GOB a preliminary written estimate (the “Preliminary Estimate”) of:

Appears in 8 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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Restoration; Compensation. In the event that a Political Event or Change in Law results in material damage to the Facility that requires a material modification or a material capital addition or material repair to the Facility necessary to return the Facility to its performance capability or its physical state immediately preceding the occurrence of the Political Event or that compliance by the Company with a Change in Law requires a material modification or a material capital addition to the Facility (in each case, a “Restoration”), the Company shall, within twenty- eight (28) Days after the date by which it was first required to provide notice to the GOB under Section 11A.2(a), except if the Political Event or Change in LawEvent, has not ended by the time of such notice, in which case within twenty-eight (28) Days of the notice required by 11A.2(b)(i), develop and deliver to the GOB a preliminary written estimate (the “Preliminary Estimate”) of:

Appears in 3 contracts

Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement

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