Common use of Termination Payment for Force Majeure Event Clause in Contracts

Termination Payment for Force Majeure Event. 30.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 55% (fifty five per cent) of the Debt Due less Insurance Cover. 30.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5% (sixty point five per cent) of the Adjusted Equity; and 30.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 as if it were Authority’s Default.

Termination Payment for Force Majeure Event. 30.9.1 11.9.1 If Termination is on account of a NonNon- Statutory / non-Political administrative Event, the Authority shall make a Termination Payment to the Concessionaire in of an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover.; 30.9.2 11.9.2 If Termination is on account of an Indirect Political Other Event, the Authority shall make a Termination Payment to the Concessionaire in of an amount equal to: (aa.) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (bb.) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and; 30.9.3 11.9.3 If Termination is on account of a Political Statutory/Administrative Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 Article 14.4(f) as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 29.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 29.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 29.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 31.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 29.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 29.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 29.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 32.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 29.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 55[90% (fifty five ninety per cent) )] of the Debt Due less Insurance Cover. 30.9.2 29.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then [80% (eighty per cent) )] of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5[110% (sixty point five one hundred and ten per cent) )] of the Adjusted Equity; and. 30.9.3 29.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 Article 32.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 34.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 34.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 34.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 37.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 30.9.1. If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 30.9.2. If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance theInsurance Cover are not admitted and paid, then then b) 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;Due;and (bc) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 30.9.3. If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 31.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 31.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 31.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 34.4.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 34.9.1 If Termination is on account of a Non-Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five per centninety percent) of the Debt Due less Insurance Cover. 30.9.2 34.9.2 If Termination is on account of an Indirect Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per centpercent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five per centone hundred and ten percent) of the Adjusted Equity; and. 30.9.3 34.9.3 If Termination is on account of a Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 37.3.2 as if it were Authority’s an MPRDC Default.

Termination Payment for Force Majeure Event. 30.9.1 28.9.1 If Termination is on account of a Non-Political Event, the Concessioning Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 28.9.2 If Termination is on account of an Indirect Political Event, the Concessioning Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5100% (sixty point five one hundred per cent) of the Adjusted Equity; and. 30.9.3 28.9.3 If Termination is on account of a Political Event, the Concessioning Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 31.3.2 as if it were Authority’s a Government Default.

Termination Payment for Force Majeure Event. 30.9.1 29.9.1. If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 29.9.2. If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and. 30.9.3 29.9.3. If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 32.3.2 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 10.9.1. If Termination is on account of a Non-Political Event, the Authority AMC shall make a Termination Payment to the Concessionaire in of an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 10.9.2. If Termination is on account of an Indirect Political Event, the Authority AMC shall make a Termination Payment to the Concessionaire in of an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and 30.9.3 10.9.3. If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 Article 12.4(f) as if it were Authority’s an AMC Default.

Termination Payment for Force Majeure Event. 30.9.1 10.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in of an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 10.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in of an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and 30.9.3 10.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 Article 13.3 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 32.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 32.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5% (sixty point five per cent) of the Adjusted Equity; and 30.9.3 32.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 34.3 as if it were Authority’s an Authority Default.

Termination Payment for Force Majeure Event. 30.9.1 34.9.1 If Termination is on account of a Non-Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount equal to 5590% (fifty five ninety per cent) of the Debt Due less Insurance Cover. 30.9.2 34.9.2 If Termination is on account of an Indirect Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due;; and (b) 60.5110% (sixty point five one hundred and ten per cent) of the Adjusted Equity; and 30.9.3 34.9.3 If Termination is on account of a Political Event, the Authority MPRDC shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 37.3.2 as if it were Authority’s a MPRDC Default.