Compensable Event definition

Compensable Event means any one of the following:
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Compensable Event means any Relief Event other than a Force Majeure Event.
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Compensable Event means any one of the following: .1 material acts or omissions of the STA’s agents or contractors (other than Design/Builder and/or its subcontractors) which are inconsistent with the terms of the Contract Documents and result in any delay or cost increase to the Project that results in an extension of the Contract Time;
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Examples of Compensable Event in a sentence

  • The increased costs occasioned by a Compensable Event shall be limited solely to the direct costs of Design/Builder and shall not include any consequential damages or lost profits.

  • To the extent a Compensable Event increases the time of performance of either design or construction, an extension to the Contract Time shall be granted.

  • AXCESS hereby acknowledges that it shall bear the burden of proof in any action or proceeding involving a claim by NVW to any Additional Compensation due hereunder arising out of any Compensable Event involving a third party claimed by NVW to have been originally introduced to AXCESS by NVW.

  • In addition, Customer shall pay to JCI any and all damages incurred by JCI properly attributable to the Compensable Event.

  • In addition, the terms and conditions of any Transaction that gives rise to a Compensable Event shall be subject to acceptance by the Company in its sole and absolute discretion.

  • The Company hereby acknowledges that it shall bear the burden of proof in any action or proceeding involving a claim by Knightsbridge to any Additional Compensation due hereunder arising out of any Compensable Event involving a third party claimed by Knightsbridge to have been originally introduced to the Company by Knightsbridge.

  • The Bank will notify the Borrower of any event occurring after the date of this Agreement which would entitle the Bank to compensation under such Sections (a "Compensable Event") as soon as practicable after it obtains knowledge of such Compensable Event and determines to request compensation therefor.

  • Notwithstanding the forgoing, if the Compensable Event is of the type described by clause 7.5.1.4, immediately above, Design/Builder shall not be entitled to recovery of any costs for the first thirty (30) days of delay (in the aggregate), and shall be entitled to file a claim for recovery of costs thereafter, which claim shall be limited to general conditions and overhead costs only.

  • Notwithstanding the forgoing, if the Compensable Event is of the type described by clause .4, immediately above, Design/Builder shall not be entitled to recovery of any costs for the first thirty (30) days of delay (in the aggregate), and shall be entitled to file a claim for recovery of costs thereafter, which claim shall be limited to general conditions and overhead costs only.

  • In the event that warrants become issuable to 350 Group in connection with any Compensable Event hereunder, the parties agree that they will execute a separate warrant agreement ("Warrant Agreement") for each such Compensable Event within 10 business days of the consummation of such Compensable Event.


More Definitions of Compensable Event

Compensable Event means any one or more of the following: (a) acts or omissions of a Customer Party, including without limitation, any Customer Default; (b) inaccuracy or incompleteness in any data or information supplied to JCI by or on behalf of Customer; (c) any damage to or loss of equipment furnished or to be furnished as part of the JCI Work not caused by JCI; (d) inability of Customer to provide JCI access to the Project Site; (e) Unforeseen Site Conditions; (f) discovery of Hazardous Materials that may be disturbed or released by the performance of the JCI Work, including any delays caused by, or associated with any permitted Hazardous Material remediation by a third party service provider; or (g) failure of any utility supplier to take timely actions necessary for the performance of the JCI Work; provided, however, that Compensable Events shall not include delays caused by the negligent acts or omissions of JCI.
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Compensable Event means any Relief Event, other than the following:
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Related to Compensable Event

  • Compensable injury means an accidental injury or damage to a prosthetic appliance, or an occupational disease arising out of and in the course of employment with any Oregon employer, and which requires medical services or results in disability or death.

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Violent criminal activity means any criminal activity that has as one of its elements the use, attempted use, or threatened use of physical force substantial enough to cause, or be reasonably likely to cause, serious bodily injury or property damage.

  • Taxable Event means any event giving rise to Relevant Employment Income.

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.