Common use of Termination Payment Clause in Contracts

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the Authority in accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a), 8.1 (b) and 8.1 (d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c), the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers on the Termination Date and release the Performance Security.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the bythe Authority in accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a8.1(a), 8.1 (b8.1(b) and 8.1 (d8.1(d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c8.1(c), the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers on the Termination Date and release the Performance Security.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the Authority in accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a8.1(a), 8.1 (b8.1(b) and 8.1 (d8.1(d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c8.1(c), the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers on the Termination Date and release the Performance Security.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the Authority in accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a8.1(a), 8.1 (b) and 8.1 (d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c8.1(c), the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers on the Termination Date and release the Performance Security.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the Authority in accordance with the following: (i) : If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a), 8.1 (b) and 8.1 (d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security without any interest accrued therefrom shall be released to the Developer, if subsisting. (ii) . If Termination is due to the occurrence of any event described under Clause 8.1 (c), the Authority shall pay to the Developer, Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers on the Termination Date and release the Performance SecuritySecurity without any interest accrued therefrom.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by Developerby the Authority in Authorityin accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a8.1(a), 8.1 (b) and 8.1 (d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c8.1(c), the Authority shall pay to the Developer, Developer Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers Developer as on the Termination Date and release the Performance Security.

Termination Payment. Upon Termination of this Agreement due to a Force Majeure Event, Termination Payment shall be made to the Developer by the Authority in accordance with the following: (i) If Termination is due to a Force Majeure Event, described under Clauses 8.1 (a8.1(a), 8.1 (b) and 8.1 (d), no Termination Payment shall be made by the Authority to the Developer but, the Developer shall be entitled to receive and appropriate the proceeds of any amounts under its own insurance policies. The Performance Security shall be released to the Developer, if subsisting. (ii) If Termination is due to the occurrence of any event described under Clause 8.1 (c), the Authority shall pay to the Developer, Developer Termination Payment equal to 100% of the Book Value. Provided the Authority shall be entitled to deduct from the Termination Payment any amount due and recoverable by the Authority from the Developers Developer as on the Termination Date and release the Performance Security.