Examples of Material Adverse Government Action in a sentence
Except for any interruption or suspension of operations in line with article 7.8 due to an Emergency, Force Majeure, Material Adverse Government Action, or any other interruption authorized by the Contracting Authority or Competent Authorities, as provided for herein, the Concessionaire shall undertake that the Airport remains open and functional anytime throughout the Term of this Agreement.
The Disputes Board, at its sole discretion, shall certify or refuse to certify the said action as a Material Adverse Government Action.
In its Request for Certification of a Material Adverse Government Action, the Concessionaire shall describe the said action and its likely impact on the Concessionaire.
Action occurs, the Concessionaire is entitled to apply for relief of its obligations and/or claim compensation under this Concession Agreement subject to and in accordance with the provisions of this Clause 35.2 (Consequences of a Material Adverse Government Action).
Government Action has occurred and is continuing, any Party may terminate this Concession Agreement in accordance with Clause 41.3 (Termination Procedure), if such Material Adverse Government Action prevents a Party from performing its obligations under this Concession Agreement, for a period of one hundred and eighty (180) consecutive days.