Common use of Termination Payment for Force Majeure Event Clause in Contracts

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 8 contracts

Samples: Epc Agreement, Epc Agreement, Epc Agreement

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Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Non- Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 5 contracts

Samples: Draft Contract Agreement for Construction, Draft Contract Agreement, Contract Agreement

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Non- Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured Materialsprocured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 4 contracts

Samples: Epc Agreement, Epc Agreement, Epc Agreement

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Authority‟s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Authority‟s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Authority‟s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 3 contracts

Samples: Engineering, Procurement and Construction Agreement, Epc Agreement, Epc Agreement

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any Any sums due and payable under Clause 23.5; and (b) the The reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 2 contracts

Samples: Construction Contract, Construction Contract

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s 89 Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 2 contracts

Samples: Draft Contract Agreement, Contract Agreement

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Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 1 contract

Samples: Construction Contract

Termination Payment for Force Majeure Event. 21.8.1 In the event of this Agreement being terminated on account of a Non-Non- Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Authority‟s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 23.5; and (b) the reasonable cost, as determined by the Authority’s Authority‟s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and Standards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Authority‟s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 as if it were an Authority Default.

Appears in 1 contract

Samples: Draft Contract Agreement

Termination Payment for Force Majeure Event. 21.8.1 (i) In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 23.5. Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.2 (ii) If Termination is on account of an Indirect Political Event, the Termination Payment shall includeshallinclude: (a) any sums due and payable under Clause 23.5; and23.5;and (b) the reasonable cost, as determined by the Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction or Maintenance, only if such Plant and Materials are in conformity with the Specifications and StandardsconformitywiththeSpecificationsandStandards; Provided that in the event Termination occurs during the Maintenance Period, the Authority’s Engineer shall only determine the value of Works associated with Maintenance. 21.8.3 (iii) If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 23.6.2 23.6 (ii) as if it were an Authority DefaultAuthorityDefault.

Appears in 1 contract

Samples: Engineering Procurement and Construction (Epc) Agreement

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