Supervening Events definition

Supervening Events means events to be agreed by the Parties, which may result in, inter alia, an inability of Project Co or Bermuda to comply with their respective obligations under the Project Agreement, and may include compensation events, relief events, excusing events, force majeure events, Discriminatory Change in Law events and Change in Law events;

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Supervening Events means any one or more of the following namely:

Supervening Events means all or any of the following:

Examples of Supervening Events in a sentence

• Payments between the parties and any adjustments to Service Payments in respect of Supervening Events will be made in accordance with Section 10 (Lump Sum Payments and Service Payment Adjustments).

• Except as otherwise expressly provided, the partial destruction or damage or complete destruction by fire or other casualty of the Facility will not permit either party to terminate this Agreement or entitle Project Co to surrender possession of the Facility or to demand any increase in any amounts payable to Project Co under this Agreement and all of the provisions of this Agreement, including Section 8 (Supervening Events) will continue to apply.

• Nothing in this Agreement will limit the right of the Authority to perform or mitigate its obligations in respect of Supervening Events or the consequences of a Supervening Event by requiring a Change or Changes.

• The parties acknowledge that Project Co will share with the Project Contractors, who will in turn share with Sub-Contractors, in accordance with the Project Contracts, certain benefits to Project Co derived from the rights of Project Co under, and subject to the obligations and limitations under, this Agreement including rights of Project Co under Section 8 (Supervening Events) (such rights, as qualified by such obligations and limitations, are in this Section collectively "Project Co's Rights").

• If the Parties cannot agree on the extent of any delay incurred or relief from the Development Entity’s obligations under this PPA, or the Department disagrees that a Relief Event has occurred (or as to its consequences), or that the Development Entity is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.

• If the Parties cannot agree on the extent of any compensation, delay incurred, relief from the Development Entity’s obligations under this PPA, or the Department disagrees that a Compensation Event has occurred (or as to its consequences), or that the Development Entity is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.

• Nothing in this Agreement will limit the right of the Authority to perform or mitigate its obligations in respect of Supervening Events by requiring a Change or Changes.

• The parties acknowledge that Project Co will share with the Project Contractors, who will in turn share with Sub-Contractors, in accordance with the Project Contracts, certain benefits to Project Co derived from the rights of Project Co under, and subject to the obligations and limitations under, this Agreement including rights of Project Co under Section 8 (Supervening Events) (such rights, as qualified by such obligations and limitations, are in this Section collectively “Project Co's Rights”).

• If the Parties cannot agree on the extent of any delay incurred or relief from Developer’s obligations under this Agreement, or the Authority disagrees that a Relief Event has occurred (or as to its consequences), or that Developer is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.

• Upon receipt of the Directive Letter, Developer shall implement and perform the work in question as directed by the Authority and Developer may claim for a Compensation Event in accordance with and subject to the provisions of Article 12 (Supervening Events).

More Definitions of Supervening Events

Supervening Events means: the Landlord has failed despite using all reasonable endeavours to obtain the Permissions any of the Permissions have been granted subject to a lawful condition with which it would be impracticable for or in all the circumstances it would be unreasonable to expect the Landlord to comply some defect or deficiency in the site upon which the rebuilding or reinstatement is to take place would render the same impossible or would mean that the same could only be undertaken at a cost that would be unreasonable in all the circumstances the Landlord despite using its reasonable endeavours is unable to obtain access to the site for the purposes of rebuilding or reinstating the Landlord despite using its reasonable endeavours is unable to rebuild or reinstate by war act of God strike or lock-out or the Landlord despite using its reasonable endeavours is unable to rebuild or reinstate due to any other circumstances beyond its control The Landlord shall not be liable to rebuild or reinstate the Premises if and for so long as such rebuilding or reinstating is prevented by Supervening Events If upon the expiry of a period of three (3) years commencing on the date of the damage or destruction the Premises have not been rebuilt or reinstated so that the Premises are fit for the Tenant's occupation and use the Tenant may by notice served at any time within one year of the expiry of such period on the Landlord invoke the provisions of the succeeding paragraph (such notice being called a “termination notice") Upon service of a termination notice in accordance with the preceding paragraph the Term will absolutely cease but without prejudice to any rights or remedies that may have accrued to either party against the other and all insurance monies shall belong absolutely to the Landlord