Examples of Adjusted Estimated Fair Value of the Contract in a sentence
If the Parties cannot agree on the Adjusted Estimated Fair Value of the Contract on or before the date falling twenty (20) Business Days after the date on which the Authority elected to require an expert determination in accordance with this clause 51.3, then the Adjusted Estimated Fair Value of the Contract shall be determined in accordance with the Dispute Resolution Procedure.
To the extent that the Adjusted Estimated Fair Value of the Contract, less an amount equal to the Lifecycle Surplus as at the Termination Date, is less than zero, then an amount equal to the Adjusted Estimated Fair Value of the Contract, less an amount equal to the Lifecycle Surplus as at the Termination Date, shall be due and payable by the Contractor to the Authority on the Compensation Date.
Interest Where the Authority elects to pay the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in instalments pursuant to clause 56.2 (Instalments), from the Notice Date until the date of payment, interest shall accrue on any unpaid element of the Termination Sum at the Senior Debt Rate and be payable on the next occurring Instalment Date.
Payment of Outstanding Element If the Authority has elected to pay in accordance with clause 56.2 (Instalments) it may (on twenty (20) Business Days' prior written notice to the Contractor) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) together with any interest accrued pursuant to clause 56.3 (Interest) in full on any Instalment Date.
If the Authority has elected to pay in accordance with Clause 50.13(b) above, it may (on 28 (twenty-eight) days prior written notice to the PPP Co) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.
Limit of LiabilityIn the event the Adjusted Highest Compliant Tender Price or the Adjusted Estimated Fair Value of the Contract exceeds the Base Senior Debt Termination Amount, the Authority shall only be obliged topay to the PPP Co the Base Senior Debt Termination Amount in full and final settlement of all the PPP Co’s claims and rights against the Authority for breaches and/or termination of this Agreement and the Project Documents whether under contract, tort, restitution or otherwise.
If the Authority has elected to pay in accordance with paragraph 4.2 it may (on twenty (20) Business Days’ prior written notice to the Contractor) elect to pay the outstanding part of the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.
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If the Authority has elected to pay in accordance with clause 42.2 (Instalments) it may (on twenty (20) Working Days’ prior to written notice to the Contractor) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract Base or the Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) in full on any Instalment Date.
Subject to the following sentence, if a failure to fulfill the Updated Rating CP and the Material Adverse Effect CP leads to termination of the Concession Agreement then the quantum of the termination payment shall be the Adjusted Estimated Fair Value of the Contract.