Common use of Compensation on Termination Clause in Contracts

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee or as Trustee may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co and shall not accept any re-direction without the consent of Trustee. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee or as Trustee may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 3.11 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Agent or as Trustee Agent may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co and shall not accept any re-direction without the consent of TrusteeAgent. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Joint Account shall be paid directly to Trustee Agent or as Trustee Agent may direct from the Trust Joint Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 thereof then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 3.11 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Agent, or as Trustee Agent may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co Agent and shall not accept any re-direction without the consent of TrusteeAgent. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Agent or as Trustee Agent may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 3.11 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Agent or as Trustee Agent may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co and shall not accept any re-direction without the consent of TrusteeAgent. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Agent or as Trustee Agent may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Agent, or as Trustee Agent may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co Agent and shall not accept any re-direction without the consent of TrusteeAgent. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Agent or as Trustee Agent may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 3.11 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Lender, or as Trustee Lender may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co Lender and shall not accept any re-direction without the consent of TrusteeLender. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Lender or as Trustee Lender may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 inclusive 3.10 shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Lender or as Trustee Lender may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co and shall not accept any re-direction without the consent of TrusteeLender. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Joint Account shall be paid directly to Trustee Lender or as Trustee Lender may direct from the Trust Joint Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 3.11 inclusive shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Agent, or as Trustee Agent may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co Agent and shall not accept any re-direction without the consent of TrusteeAgent. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Agent or as Trustee Agent may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.

Compensation on Termination. If the Construction Contract is terminated pursuant to GC 7.1.1, GC 7.1.4, GC 7.1.8, GC 7.2.1, GC 7.2.2 or GC 7.2.3 then: (a) Hospital shall pay the Compensation Payment to Project Co, calculated and payable in accordance with Schedule B; and (b) the provisions of Section 3.4 through to 3.9 inclusive 3.10 shall no longer apply. Project Co hereby irrevocably directs Hospital to make any Compensation Payment to Trustee Lender or as Trustee Lender may direct as security for the Financing. Hospital shall pay the Compensation Payment as directed by Project Co and shall not accept any re-direction without the consent of TrusteeLender. Any portion of a Compensation Payment funded by monies deposited under the Funding Letter to the Trust Account shall be paid directly to Trustee Lender or as Trustee Lender may direct from the Trust Account. Hospital will pay the Compensation Payment in accordance with Schedule B.