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

Termination Payment for Force Majeure Event. 22.9.1 If Termination is on account of a Non-Political Event or Indirect Political Event, the Developer shall not be entitled for any Termination Payment. 22.9.2 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Developer in an amount that would be payable under Clause24.7.2 as if it were an Authority Default.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Termination Payment for Force Majeure Event. 22.9.1 (a) If Termination is on account of a Non-Political Event or Indirect Political Event, the Developer shall not be entitled for any Termination Payment. 22.9.2 (b) If Termination is on account of a Political Event, the Authority Client shall make a Termination Payment to the Developer in an amount that would be payable under Clause24.7.2 Article 21.5 as if it were an Authority a Client Default.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

Termination Payment for Force Majeure Event. 22.9.1 25.9.1 If Termination is on account of a Non-Political Event or Indirect Political Event, the Developer DEVELOPER shall not be entitled for any Termination Payment. 22.9.2 25.9.2 If Termination is on account of a Political Event, the Authority SH&DB shall make a Termination Payment to the Developer DEVELOPER in an amount that would be payable under Clause24.7.2 Clause 27.3.2 as if it were an Authority at the SH&DB Default.

Appears in 1 contract

Samples: Development Agreement

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Termination Payment for Force Majeure Event. 22.9.1 26.9.1 If Termination is on account of a Non-Political Event or Indirect Political Event, the Developer shall not be entitled for any Termination Payment. 22.9.2 26.9.2 If Termination is on account of a Political Event, the Authority SH&DB shall make a Termination Payment to the Developer in an amount that would be payable under Clause24.7.2 Clause 28.3.2 as if it were an Authority a the SH&DB Default.

Appears in 1 contract

Samples: Development Agreement

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