THE INFLATIONARY RISK Sample Clauses

THE INFLATIONARY RISK. 26.4.1 No recomposition of the economic-financial balance shall be made in the event that the inflation is higher or lower than the index used for adjusting the ANNUAL MAXIMUM CONSIDERATION or other amounts provided for in the AGREEMENT for the same period. Clause 27 – THE CONCESSION’S ECONOMIC-FINANCIAL BALANCE 27.1 THE ORDINARY REVIEW OF THE CONCESSION’S PARAMETERS AND RESULTS 27.1.1 At each seven (7) years from the date when the AGREEMENT was executed, the PARTIES shall conduct the ordinary review of the CONCESSION’s parameters and general results. 27.1.1.1 The review process shall be initiated by the GRANTING AUTHORITY, whether voluntarily or upon the CONCESSIONAIRE’s request. 27.1.1.2 The maximum term for initiation of the process of ordinary review is sixty (60) days from the beginning of the seven year of each period. 27.1.1.3 The ordinary review process shall be completed within term not to exceed six (6) months, upon which, with PARTY feeling jeopardized may refer to arbitration. 27.1.1.4 The meetings, hearings, or negotiations conducted in the course of the ordinary review process shall be duly registered. 27.1.1.5 The ordinary review process shall be completed upon agreements between the PARTIES, and their results shall be duly documented and, should they import alterations to the AGREEMENT, they shall be incorporated into amendment to the agreement. 27.1.1.6 The PARTIES shall be assisted by the INDEPENDENT VERIFIER in the course of the ordinary review process, and reports, studies, averments or opinions issued thereby shall be enclosed in the process, so as to explain the reasons that led the PARTIES to the final agreement or possible divergence. 27.1.2 The ordinary review process shall have, as objective: 27.1.2.1 To review the CONCESSION’s PROJECTED DEMAND; 27.1.2.2 To critically analyze, and possibly alter, the PERFORMANCE APPRAISAL system; 27.1.2.3 To review the minimum and quantitative specifications for the SERVICE provision, even for the acquisition of ROLLING STOCK, especially for incorporating technological advances and for improving the provision of the SERVICES; 27.1.2.4 To review the sharing of risks set forth in this AGREEMENT, alter it or establishing new measures for mitigating the risks, in the event that the risk sharing in force at the time does not seem suitable and such measure is indispensable for the perfect performance of the object of the AGREEMENT; 27.1.2.5 To review the ENERGY PLAN submitted by the CONCESSIONAIRE, in a...
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Related to THE INFLATIONARY RISK

  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

  • Exclusions from Coverage The Long-Term Disability Plan does not cover total disabilities resulting from: A) war, insurrection, rebellion, or service in the armed forces of any country; B) voluntary participation in a riot or civil commotion, except while an employee is in the course of performing the duties of her regular occupation; C) intentionally self-inflicted injuries or illness.

  • Contractor’s Pollution Liability Insurance If specified in Schedule A, the Contractor shall maintain, or cause the Subcontractor doing such Work to maintain, Contractors Pollution Liability Insurance covering bodily injury and property damage. Such insurance shall provide coverage for actual, alleged or threatened emission, discharge, dispersal, seepage, release or escape of pollutants (including asbestos), including any loss, cost or expense incurred as a result of any cleanup of pollutants (including asbestos) or in the investigation, settlement or defense of any claim, action, or proceedings arising from the operations under this Contract. Such insurance shall be in the Contractor’s name and list the City as an Additional Insured and any other entity specified in Schedule A. Coverage shall include, without limitation, (a) loss of use of damaged property or of property that has not been physically injured, (b) transportation, and (c) non-owned disposal sites.

  • The General Liability and Property Damage coverages required for performance of this Agreement shall include the State of Vermont and its agencies, departments, officers and employees as Additional Insureds. If performance of this Agreement involves construction, or the transport of persons or hazardous materials, then the required Automotive Liability coverage shall include the State of Vermont and its agencies, departments, officers and employees as Additional Insureds. Coverage shall be primary and non-contributory with any other insurance and self-insurance.

  • Minimum scope of coverage Commercial general coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. Automobile coverage shall be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement shall be attached limiting the coverage.

  • Windstorm or hail This peril does not include loss to the property contained in a building caused by rain, snow, sleet, sand or dust unless the direct force of wind or hail damages the building causing an opening in a roof or wall and the rain, snow, sleet, sand or dust enters through this opening. This peril includes loss to watercraft and their trailers, furnishings, equipment, and outboard engines or motors, only while inside a fully enclosed building.

  • General Liability and Property Damage With respect to all operations performed under this Agreement, the Party shall carry general liability insurance having all major divisions of coverage including, but not limited to:

  • Scope of Coverage 1. This Section shall apply to an investment dispute between a Member State and an investor of another Member State that has incurred loss or damage by reason of an alleged breach of any rights conferred by this Agreement with respect to the investment of that investor. 2. A natural person possessing the nationality or citizenship of a Member State shall not pursue a claim against that Member State under this Section. 3. This Section shall not apply to claims arising out of events which occurred, or claims which have been raised prior to the entry into force of this Agreement. 4. Nothing in this Section shall be construed so as to prevent a disputing investor from seeking administrative or judicial settlement available within the country of a disputing Member State.

  • Property Inventory and Protection of Assets Grantee will; 1. maintain an inventory of equipment, supplies defined as controlled assets, and property described in this Contract and submit to the assigned contract manager, upon request. 2. maintain, repair, and protect assets under this Contract to assure their full availability and usefulness. 3. if Grantee is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided or obtained under this Contract, use the proceeds to repair or replace those assets.

  • Condition of the Contractor’s Property or Equipment The Contractor shall make the Property and/or equipment available to the Judicial Council, pursuant to the terms and conditions set forth in this Agreement. The Contractor shall immediately remedy any problem with the Property’s physical plant or equipment that impairs or diminishes the quality of the Program. The Contractor shall ensure the appropriate hot water, heating, and ventilation is provided at the Property during the Program, inclusive in the prices set forth herein.

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