Common use of Termination due to Concessionaire Event of Default Clause in Contracts

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: (i) the Book Value; (ii) 90% (ninety percent) of Debt Due; (iii) the Total Project Cost; (iv) Provided, no compensation shall be payable to the Concessionaire if the Concessionaire fails to maintain Insurance Cover as contemplated under Article 12 of this Agreement.

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: (i) the Book Value; (ii) 90% (ninety percent) of Debt Due; (iii) the Total Actual Project Cost; (iv) ; Provided, no compensation shall be payable to the Concessionaire if the Concessionaire fails to maintain Insurance Cover as contemplated under Article 12 of this Agreement.

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: (i) the Book Value; (ii) 90% (ninety percent) of Debt Due; (iii) the Total Project Cost; (iv) ; Provided, no compensation shall be payable to the Concessionaire if the Concessionaire fails to maintain Insurance Cover as contemplated under Article 12 of this Agreement.

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: (i) the Book Value; (iii) 90% (ninety percent) of Debt Due; (iiiii) the Total Project Cost; (iv) ; Provided, no compensation shall be payable to the Concessionaire if the Concessionaire fails to maintain Insurance Cover as contemplated under Article 12 of this Agreement.