Delay Event Remedy definition

Delay Event Remedy has the meaning ascribed thereto in Section 15.1(d).

Delay Event Remedy has the meaning ascribed thereto in Section 15.1(d). “Department” has the meaning ascribed thereto in Section 11.2(c).

Delay Event Remedy is defined in Section 15.1(d).

Examples of Delay Event Remedy in a sentence

• The initial term of the Lease expires on the 50th anniversary of the Commencement Date (or such later date as required pursuant to the terms of the Agreement to effect a Delay Event Remedy (as defined in the Agreement) or to provide AA-Compensation (as defined in the Agreement) through an extension of the term of the Lease), unless sooner terminated in accordance with the provisions of the Agreement or in the event that the Tenant’s existence is not extended as provided in Section 3.6 of the Lease.

• The “ Present Value of the Residual Asset Value” shall be the Residual Asset Value discounted from the time of its payment pursuant to Section 16.5 of the Concession Agreement (assuming no extension for a Delay Event Remedy) to the Bid Deadline using a 5% discount rate.

• The initial term of the Lease expires on the __________ anniversary of the Commencement Date (or such later date as required pursuant to the terms of the Agreement to effect a Delay Event Remedy (as defined in the Agreement) or to provide AA-Compensation (as defined in the Agreement) through an extension of the term of the Lease), unless sooner terminated in accordance with the provisions of the Agreement.

More Definitions of Delay Event Remedy

Delay Event Remedy has the meaning ascribed thereto in Section 15.1(d). “Demand Shortfall Recovery Year” means each of the three Reporting Years next following the end of the final Reporting Year of a Water Sales Test Period that resulted in a Water Sales Shortfall.