Common use of Effect of Force Majeure Event on the Concession Clause in Contracts

Effect of Force Majeure Event on the Concession. 27.6.1 Upon the occurrence of any Force Majeure Event prior to the Appointed Date, the period set forth in Clause 4.1 for fulfillment of Conditions Precedent and in Clause 21.1.1 for achieving Financial Close shall be extended by a period equal in length to the duration of the Force Majeure Event. 27.6.2 At any time after the Appointed Date, if any Force Majeure Event occurs: (a) before COD, the Construction Period and the dates set forth in the Project Completion Schedule shall be extended by a period equal in length to the duration for which such Force Majeure Event subsists; or (b) after COD, whereupon the Concessionaire is unable to operate the Project Facility or any part thereof and earn revenue or collect User Fee despite making best efforts or it is directed by the Authority to suspend the collection thereof during the subsistence of such Force Majeure Event, the Concession Period shall be extended by a period, as certified by its statutory auditor along with supporting documents, equal in length to the period during which the Concessionaire was prevented from collection of fee on account thereof.

Effect of Force Majeure Event on the Concession. 27.6.1 34.6.1 Upon the occurrence of any Force Majeure Event prior to the Appointed Date, the period set forth in Clause 4.1 for fulfillment of Conditions Precedent and in Clause 21.1.1 24.4.1 for achieving Financial Close shall be extended by a period equal in length to the duration of the Force Majeure Event. 27.6.2 34.6.2 At any time after the Appointed Date, if any Force Majeure Event occurs: (a) before CODCOD of Bus Terminal, the Construction Concession Period and the dates set forth in the Project Completion Schedule shall be extended by a period equal in length to the duration for which such Force Majeure Event subsists; or (b) after CODCOD of Bus Terminal and/ or Commercial Complex, whereupon the Concessionaire is unable to operate the Project Facility collect Adda Fee, Parking Fee and/ or any part thereof and earn revenue or collect User Fee Commercial Charges despite making best efforts or it is directed by the Concessioning Authority to suspend the collection thereof during the subsistence of such Force Majeure Event, the Concession Period shall be extended by a period, as certified by its statutory auditor along with supporting documents, equal in length to the period during which the Concessionaire was prevented from collection of fee Adda Fee, Parking Fee and/ or Commercial Charges on account thereof.