Relevant Deed definition
Examples of Relevant Deed in a sentence
Under each Relevant Deed, the State accepts the risk of Law to the extent that it prevents absolutely (regardless of the application of financial or technical resources) the doing of certain things described in Exhibit P to the Concession Deed.
This obligation of the State (and the relevant consequences of any resultant State election) under the Relevant Deed also applies (subject to paragraph (f)) as if it has been agreed or determined under the corresponding provision of the other Relevant Deed that such a risk has crystallised and as if the measures the State has the discretion to select under that other Relevant Deed were available under the Relevant Deed.
Under each Relevant Deed, notice of an Appendix Event is only valid (and, in the context of certain relatively immaterial Appendix Events, is only taken into account) if given within 12 months after the occurrence of the Appendix Event becoming known to a person that may give the notice.
The coming into operation of this Agreement, the Fourth Amending Deed, the ESEP Deed, the ESEP Project Legislation and the PSA does not constitute an Appendix Event pursuant to item 4 of the Appendix to either Relevant Deed.
In each Relevant Deed, any determination of the level of redress to be afforded in respect of an Appendix Event which has a Material Adverse Effect is (subject to the other provisions of the Relevant Deed) to take into account reasonable costs, losses and liabilities incurred by the Other Concessionaire as a result of the relevant Appendix Event.
The Company (for itself and as agent of Clepco) shall set a Charge Toll in relation to each category of Vehicle, each Tollable Section and each quarter from and including the quarter in which the Company or Clepco (as applicable) first becomes entitled to levy tolls under paragraph 9.3(a) of a Relevant Deed.
If under a Relevant Deed a claim has been made that an event or circumstance constitutes or gives rise to crystallisation of a risk borne by the State in respect of Law to the extent that it prevents absolutely certain things, the Other Concessionaire is precluded from making such a claim in relation to that same event or circumstance.
Data incorporated into the Financial Model and Traffic Model must be consistent with the nature of, and limitations inherent in, the concepts of "Project Debt" and "Equity Return", and the various bases and assumptions required under a Relevant Deed to be adopted in relation to them as outlined, in particular, in clause 5.4 of this Agreement, clause 14.4 of each Relevant Deed, in the definitions of those concepts and in the definition of "Project Securities" in the Concession Deed.
Subject to paragraph 9.4(f) and to clause 9.5, if it is agreed or determined under a Relevant Deed that the risk borne by the State of Law to the extent that it prevents absolutely certain things has crystallised, the State must select a measure under that Relevant Deed and under the corresponding provision of the other Relevant Deed.
If the State is liable to a party to a Relevant Deed for a cost, loss, claim or expense under that Relevant Deed, then, insofar as that liability is satisfied, it is not liable to any other party to that Relevant Deed nor the Other Concessionaire for that cost, loss, claim or expense under that Relevant Deed or the other Relevant Deed.