Force Majeure Termination Payment definition

Force Majeure Termination Payment has the meaning specified in Section 10.5.
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Force Majeure Termination Payment means the aggregate of:
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Force Majeure Termination Payment shall be calculated as follows: OP  PC  UE  IP  Tax
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Examples of Force Majeure Termination Payment in a sentence

  • Where a Suspension Event for a SE Affected Transaction continues to exist on the applicable Long Stop Date, the SE Affected Transaction shall be deemed an Allowance Transaction affected by Force Majeure and either Party may, by written notice to the other Party, terminate all (but not less than all) of the SE Affected Allowance Transaction(s) in accordance with § 7.4(b) (Force Majeure Termination Payment) of the Allowances Appendix and in such instance § 7.4(b)(i) (No Termination Payment) shall apply.

  • Any such termination notice under this section 8.9(h) shall be effective upon receipt by Owner of the Required Permanent Force Majeure Termination Payment and, if necessary, redelivery by Charterer of the Vessel.

  • If one or more Seller's Holding Account(s) are specified for the Party acting as Seller in the FM Affected Transaction, sub-paragraph (c) (Two-way Loss Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies unless otherwise specified here: [ ] sub-paragraph (a) (No Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies, or [ ] sub-paragraph (b) (Two-way Market Quotation Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies.

  • If no Seller's Holding Account is specified for the Party acting as Seller in the FM Affected Transaction, sub-paragraph (a) (No Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies unless otherwise specified here: [ ] sub-paragraph (b) (Two-way Market Quotation Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies, or [ ] sub-paragraph (c) (Two-way Loss Termination Payment) of Clause 10.2 (Force Majeure Termination Payment) applies.

  • If the Concessionaire so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire.

  • If the Concessionaire so elects to exercise the Buy-Out Option, then the Grantor shall pay the Grantor Force Majeure Termination Payment to the Concessionaire.

  • On termination of the Agreement pursuant to clause 35 (Termination as a Result of Force Majeure) the Council shall pay to the Partner the Force Majeure Termination Payment as set out in part 2 of schedule 21 (Termination Payments).

  • If the Grantor so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire, except in the case of termination on the basis of Other Force Majeure Event caused due to the Ground Condition Delay Event, in which case the Grantor shall pay Ground Condition Delay Termination Payment.

  • If the Grantor so elects to exercise the Buy-Out Option, then the Grantor shall pay the Other Force Majeure Termination Payment to the Concessionaire, except in the case of termination on the basis of an Other Force Majeure Event caused due to a Ground Condition Delay Event, in which case the Grantor shall pay the Ground Condition Delay Termination Payment to the Concessionaire.

  • Force Majeure Termination Payment Section 17 – New or Changed Regulations [ ] Applicable.

Related to Force Majeure Termination Payment

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Lease Termination Date means the last day of the Lease Term.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Accretion Termination Date As defined in the Series Supplement.

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Event Outside Our Control means any act or event beyond WRAS’s reasonable control, including without limitation strikes, lock-outs or other industrial action by third parties, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack, war (whether declared or not) or threat or preparation for war, fire, explosion, storm, flood, earthquake, subsidence, epidemic or other natural disaster, or failure of public or private telecommunications networks [or impossibility of the use of railways, shipping, aircraft, motor transport or other means of public or private transport;

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.