Termination Sum definition

Termination Sum means the percentage of the Tariff payable by the Client to the Service Provider pursuant to Clause 18.4 and as set out in Appendix B; and

Termination Sum has the meaning given to such term in the Financial Schedule;

Termination Sum means any compensation payable by either Party to the other Party on an early termination of this Contract under Part X (Expiry and Termination) of this Contract;

Examples of Termination Sum in a sentence

• To the extent the Non-Default Termination Sum is based on estimates of cost, the Parties will readjust as soon as such estimated costs can be determined.

• The Termination Sum shall be payable within 20 Business Days of such termination.

• The costs and expenses to be taken into account in the calculation of the Non-Default Termination Sum due pursuant to this Schedule B shall only be such costs and expenses to the extent that they are reasonable and proper in quantum and shall have been or will be reasonably and properly incurred.

• The Parties agree and acknowledge that any Termination Sum payable hereunder is liquidated damages and a genuine and reasonable pre-estimate of the loss or damage that would be suffered by the Service Provider in the event of early termination by the of the Agreement by or as a result of any act of omission of the Client..

• If a Termination Notice is served pursuant to this clause 27.1, the Termination Sum shall become due in accordance with such notice and this clause 27.1 notwithstanding the existence of a Total Loss at such time.

More Definitions of Termination Sum

Termination Sum means, in respect of any Early Termination of this Agreement during:

Termination Sum means any sum payable for Project assets by the Lead Council to the Contractor as compensation on termination caused due to Lead Council default or voluntary termination or relevant discharge terms paid due to the Lead Council acting ultra xxxxx, Contractor default on a no retendering basis (fair market valuation), Contractor default due to breach of the refinancing provisions, force majeure, uninsurability consequences or corrupt gifts and fraud early termination of the Project Agreement

Termination Sum has the meaning given in paragraph 6.1.4(e);

Termination Sum means any compensation payable by the Authority to the Contractor on an early termination of this Agreement under clauses 42 (Compensation on Termination for Force Majeure), 43 (Compensation on Termination for Contractor Default), 44 (Compensation on Termination for Authority Default/Voluntary Termination) and 45 (Compensation on Corrupt Gifts, Fraud and Refinancing Breaches) (excluding the Adjusted Highest Compliant Tender Price)

Termination Sum means (i) all expenses incurred by the Financiers and the Security Trustee, including, without limitation, those incurred in enforcing any right, power or remedy, (ii) the Prepayment Fee, (iii) all accrued and unpaid interest on the Notes, including interest on past due amounts at the Past Due Rate and PIK Interest and (iv) all outstanding principal of the Notes.

Termination Sum means (i) all expenses incurred by the Purchasers and the Security Trustee, including, without limitation, those incurred in enforcing any right, power or remedy, (ii) the Prepayment Fee, (iii) all accrued and unpaid interest on the Notes, including interest on past due amounts at the Post-Default Rate and PIK Interest and (iv) all outstanding principal of the Notes.

Termination Sum means an amount representing the Owners’ losses as a result of a Termination prior to the expiry of the Agreed Charter Period (other than by virtue of the Charterers exercising the Purchase Option in accordance with Clause 55 (Purchase Option) or by virtue of the Owners delivering a Purchase Obligation Notice in accordance with paragraph (b) (Purchase Obligation – outbreak of war) of Clause 56 (Purchase Obligation and transfer of title), which both parties acknowledge as a genuine and reasonable pre-estimate of the Owners’ losses in the event of such Termination and shall consist of the following: