Examples of Political Force Majeure in a sentence
Additionally, the Concessionaire, [but not [ ] in respect of [ ]], shall be excused from performance and shall not be in default in respect of any obligation under this Agreement to the extent that the failure to perform such obligation is due to a Political Force Majeure Event.
If an Indirect Political Force Majeure Event continues for a period of period of 90 days after the notification of an Indirect Political Force Majeure Event or any extended period agreed in pursuance of Clause 11.3, any Party shall, after the expiry of the 90 days' period or any other mutually extended period, be entitled to forthwith terminate this Contract in its sole discretion by issuing a notice to that effect to the other Party.
Direct Political Force Majeure Event: shall have the meaning provided in Clause 11.1 C.1.36.
Upon Termination by NMMC on account of the Event of Political Force Majeure Events, the Consultant shall be entitled to receive from NMMC by way of Termination Payment being a sum which is aggregate of the fair value of the contract sum and discounted future cash flow as certified by the Statutory Auditors of the consultant.
Indirect Political Force Majeure Events: For purposes of Clause 27.1, Indirect Political Event shall mean one or more of the following acts or events: a) an act of war (whether declared or undeclared), invasion, armed conflict or act of foreign enemy, blockade, embargo, riot, insurrection, terrorist or military action, which prevents collection of Fees by the Concessionaire for a period exceeding a continuous period of 7 (seven) days in an Accounting Year.
If a Direct Political Force Majeure Event continues for a period of period of 60 days after the notification of a Direct Political Force Majeure Event or any extended period agreed in pursuance of Clause 11.3, any Party shall, after the expiry of the 60 days' period or any other mutually extended period, be entitled to forthwith terminate this Contract in its sole discretion by issuing a notice to that effect to the other Party.
A Party shall give notice to the other Party when it ceases to be affected by the Political Force Majeure.
Termination for non defaultThe Agreement should provide for termination in the event of prolonged Force Majeure or where the parties are unable to reach an agreement on the occurrence of an event of Political Force Majeure.
A delay in the performance of any Contractor that results directly from any Political Force Majeure Event or Other Force Majeure Event shall itself constitute a Political Force Majeure Event or an Other Force Majeure Event, as the case may be, to the extent only that it satisfies the requirements for a Force Majeure Event specified in Clause 12.1.1.
In the event that (A) the Hydro Property or any part thereof is adversely affected as a result of a Political Force Majeure Event and is not restored or remedied within thirty (30) Days following the date that the Company becomes aware of such Political Force Majeure Event, or (B) any modification or capital addition is required to be made to the Hydro Property or any part thereof as a result of a Change in Law, the provisions of PartError! Reference source not found.