Termination Due to Significant Force Majeure Event Sample Clauses

Termination Due to Significant Force Majeure Event. If a Significant Force Majeure Event occurs under the Comprehensive Agreement and the Department or Concessionaire terminates the Comprehensive Agreement as a result thereof pursuant to Section 20.03(a) of the Comprehensive Agreement and the Xxxx Ex Design-Build Contract automatically terminates, then this Agreement shall automatically terminate effective as of the termination date of the Xxxx Ex Design-Build Contract. If this Agreement is terminated pursuant to the preceding sentence prior to Xxxx Ex Final Completion of the entire TTMS Project (and Concessionaire’s payment therefor), Contractor shall be entitled to receive a termination payment (the “FM Termination Payment”) equal to that portion of the Contract Sum and any other amounts that are then due and payable to Contractor by Concessionaire and applicable to the TTMS Work completed up to the date of termination and which have not previously been paid to Contractor, plus all Demobilization Costs but less proceeds of insurance that is required to be carried by Contractor hereunder. Representatives of Concessionaire and Contractor shall determine the Contract Sum amount in accordance with the Payment and Values Schedule. Contractor shall submit an invoice to Concessionaire for the FM Termination Payment, and Concessionaire shall pay such invoice within 30 days after its receipt of same subject to the provisions of this Section 15.4 unless it disputes certain elements thereof, in which event only the undisputed portion of the FM Termination Payment need be made within such 30-day period and the dispute over the remainder of the claimed FM Termination Payment may be submitted to the appropriate dispute resolution process set forth in Article 19. The FM Termination Payment shall be subject to offset for amounts payable by Contractor to Concessionaire. As a condition precedent to receiving the FM Termination Payment, Contractor shall comply, on behalf of Concessionaire, with all the provisions of the Comprehensive Agreement with respect to the TTMS Work. Payment of the FM Termination Payment shall be the sole and exclusive liability of Concessionaire, and the sole and exclusive remedy of Contractor, with respect to termination of this Agreement pursuant to this Section 15.4 and the events (including the applicable Concessionaire Default) giving rise to such termination, but it will not affect Contractor’s right to receive amounts otherwise due but unpaid hereunder prior to termination. In no event shall ...
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Related to Termination Due to Significant Force Majeure Event

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Payment for Force Majeure Event 34.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover.

  • Termination Notice for Force Majeure Event If a Force Majeure Event subsists for a period of 180 (one hundred and eighty) days or more within a continuous period of 365 (three hundred and sixty five) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 34, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

  • Available Relief for a Force Majeure Event 11.7.1 Subject to this Article 11:

  • Termination for Force Majeure In the event of a force majeure that lasts longer than thirty (30) days from the date that a Party claiming relief due to the force majeure event gives notice to the other Party, the Party not claiming relief under the force majeure event may terminate this Agreement upon written notice to the other Party. For the avoidance of doubt, the COVID-19 pandemic does not constitute a force majeure event.

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • Notification of Force Majeure Event 11.5.1 The Affected Party shall give notice to the other Party of any event of Force Majeure as soon as reasonably practicable, but not later than seven (7) days after the date on which such Party knew or should reasonably have known of the commencement of the event of Force Majeure. If an event of Force Majeure results in a breakdown of communications rendering it unreasonable to give notice within the applicable time limit specified herein, then the Party claiming Force Majeure shall give such notice as soon as reasonably practicable after reinstatement of communications, but not later than one (1) day after such reinstatement. Provided that such notice shall be a pre-condition to the Affected Party’s entitlement to claim relief under this Agreement. Such notice shall include full particulars of the event of Force Majeure, its effects on the Party claiming relief and the remedial measures proposed. The Affected Party shall give the other Party regular (and not less than monthly) reports on the progress of those remedial measures and such other information as the other Party may reasonably request about the Force Majeure Event.

  • Termination due to Event of Default (a) Termination due to Parties Event of Default

  • Force Majeure Event 16.1 If a Force Majeure Event gives rise to a failure or delay in either party performing any obligation under this Agreement (other than any obligation to make a payment), that obligation will be suspended for the duration of the Force Majeure Event.

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