Contracting Authority Default definition

Contracting Authority Default means one of the following events:
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Contracting Authority Default has the meaning given to it in Clause 33.2.1; Covenant has the meaning given to it in Clause 5.2.4; CPI means the Consumer Price Index for all commodities as published by the Central Bank of Kenya (or any other Government agency in Kenya) and shall include any index which substitutes the CPI, and any reference to CPI shall, unless the context otherwise requires, be construed as a reference to the latest monthly CPI published no later than 30 (thirty) days prior to the date of consideration hereunder; Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:
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Contracting Authority Default shall have the meaning set forth in Clause 26.3.
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Examples of Contracting Authority Default in a sentence

  • In the event that any of the defaults specified below shall have occurred, and the Contracting Authority fails to cure such default within a period of 90 (ninety) days85 or such longer period as has been expressly provided in this Agreement, the Contracting Authority shall be deemed to be in default of this Agreement (the "Contracting Authority Default") unless the default has occurred as a result of any breach of this Agreement by the Concessionaire or due to Force Majeure.

  • Critical Delay in Completion A delay in the Work that makes it impossible to avoid the Scheduled Completion Date being exceeded by more than the following number or Calendar Days without incurring a Financial Loss: (a) 7 Calendar Days; or in derogation from (a): (b) when the delay is the consequence of a Contracting Authority Default, a Contracting Authority Change or a Relevant Change in Law: 0 Calendar Days; determined according to the procedure as included in [] of the Management Specifications.

  • Critical Delay in Completion A delay in the Work that makes it impossible to avoid the Scheduled Completion Date being exceeded by more than the following number or Calendar Days without incurring a Financial Loss: (a) 7 Calendar Days; or in derogation from (a): (b) when the delay is the consequence of a Contracting Authority Default, a Contracting Authority Change or a Relevant Change in Law: 0 Calendar Days; determined according to the procedure as included in [⚫] of the Management Specifications.

  • Termination resulting from Qualifying CIL, political force majeure or Contracting Authority Default: recover all sums actually spent on developing and implementing Project up to that date (including Development Costs, design and construction costs, financing costs, advisory fees, etc.), plus a premium of [15 per cent] to compensate for the Concessionaire’s loss of profit; ii.

  • Termination on Contracting Authority Default: The private body should be given the right to terminate the contract where the Contracting Authorit y acts in a way which renders their contractual relationship untenable or completely frustrates the private body's to deliver the service.

Related to Contracting Authority Default

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Contracting Authority means any contracting authority as defined in Regulation 3 of the Public Contracts Regulations 2006.

  • Contracting activity for DoD also means elements designated by the director of a defense agency which has been delegated contracting authority through its agency charter. DoD contracting activities are listed at PGI 202.101.

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Special event permit means a permit granted by the Division

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Contracting Party shall have the meaning designated in the preamble to Section 5.2 hereof.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Force Majeure Event means an event, or a series of related events, that is outside the reasonable control of the party affected (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, disasters, explosions, fires, floods, riots, terrorist attacks and wars);

  • Inspecting Authority means the authorised representative of the Department to act as Inspecting Authority for the purpose of this contract and for the purpose of ascertaining the progress of the deliveries under the contract.

  • Relevant Force Majeure Event means a Force Majeure Event in relation to which an Affected Party is claiming relief under this Clause 17; and

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • infringement notice has the meaning set forth in Section 7.4.1;