Termination due to Concessionaire Event of Default. If the termination is after the Date of Commercial Operation, due to a Concessionaire Event of Default, the compensation payable by the Concessioning Authority to the Concessionaire shall be the lowest of:
Termination due to Concessionaire Event of Default i. If the termination is after the COD, due to a Concessionaire Event of Default, the Termination Payment payable by the Concessioning Authority to the Concessionaire shal be an amount equal to:
Termination due to Concessionaire Event of Default. Upon Termination by the Authority on account of occurrence of a Concessionaire Event of Default during the Concession Period, the Authority shall pay to the Concessionaire by way of Termination Payment an amount which shall be the lowest of:
Termination due to Concessionaire Event of Default. If the termination is due to a Concessionaire Event of Default, the Performance Guarantee amount remitted by the Concessionaire will be forfeited.
Termination due to Concessionaire Event of Default. If the termination is due to a Concessionaire Event of Default, the Performance Guarantee amount remitted by the Concessionaire will be forfeited. Termination due to Concessioning Authority Event of Default If the termination is due to Concessioning Authority Event of Default, the book value of the additional immovable assets if any created will be paid by Concessioning Authority and the cost of movable assets shall be paid as per Article
Termination due to Concessionaire Event of Default. (1) Without prejudice to any other right or remedy which JMC may have in respect thereof under this Agreement, upon the occurrence of a Concessionaire Event of Default, JMC shall, subject to the provisions of the Substitution Agreement, be entitled to terminate this Agreement by issuing a Termination Notice to the Concessionaire, provided that before issuing the Termination Notice, JMC shall by a notice in writing inform the Concessionaire of its intention to issue the Termination Notice (the "Preliminary Notice"). In case the underlying breach/default is not cured within a period of 60 (sixty) days from the date of the Preliminary Notice (Cure Period) JMC shall be entitled, to terminate this Agreement by issuing the Termination Notice. Provided further, that
Termination due to Concessionaire Event of Default. (1) Without prejudice to any other right or remedy which MMC may have in respect thereof under this Agreement, upon the occurrence of a Concessionaire Event of Default, MMC shall, subject to the provisions of the Substitution Agreement, be entitled to terminate this Agreement by issuing a Termination Notice to the Concessionaire, provided that before issuing the Termination Notice, MMC shall by a notice in writing inform the Concessionaire of its intention to issue the Termination Notice (the "Preliminary Notice"). In case the underlying breach/default is not cured within a period of 60 (sixty) days from the date of the Preliminary Notice (Cure Period) MMC shall be entitled, to terminate this Agreement by issuing the Termination Notice. Provided further, that
Termination due to Concessionaire Event of Default. Upon termination of this Contract on account of Concessionaire’s Event of Default at any time, the Concessionaire shall pay to the Primary Implementing Agency, as Termination Compensation, an amount equal to the value of the Performance Security. In this regard the Primary Implementing Agency may, as the Termination Compensation due from the Concessionaire, encash the entire Performance Security and any other amounts as may be determined by the Independent Auditor.
Termination due to Concessionaire Event of Default. (1) Without prejudice to any other right or remedy which DTIDCL may have in respect thereof under this Agreement, upon the occurrence of the Concessionaire Event of Default, DTIDCL shall, be entitled to terminate this Agreement by issuing a Termination Notice to the Concessionaire, provided that before issuing the Termination Notice, DTIDCL shall by a notice in writing inform the Concessionaire of its intention to issue the Termination Notice (the "Preliminary Notice"). In case the underlying breach/default is not cured within a period of 60 (sixty) days from the date of the Preliminary Notice (the “Cure Period”) DTIDCL shall be entitled to terminate this Agreement by issuing the Termination Notice. Provided further, that
Termination due to Concessionaire Event of Default a. If the termination is after the 10th Anniversary from the Date of Award of Concession, due to a Concessionaire Event of Default, the Termination Payment payable by the Concessioning Authority to the Concessionaire shall be an amount equal to: I. 90% of the Debt Due less Insurance Cover; and II. 70% of the amount representing the Additional Termination Payment: Provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% of such unpaid claims shall be included in the computation of Debt Due. For the avoidance of doubt, the Concessionaire hereby acknowledges that no Termination Payment shall be due or payable on account of a Concessionaire Default occurring prior to 10th Anniversary from the Date of Award of Concession, save and except as provided in Clause 18.1 (ii) (b).
