Termination Payment for Force Majeure Event. 19.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 21.5. 19.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include: (a) any sums due and payable under Clause 21.5; and (b) the reasonable cost, as determined by the Authority Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction, only if such Plant and Materials are in conformity with the Specifications and Standards; 19.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 21.6.2 as if it were an Authority Default.
Appears in 4 contracts
Sources: Engineering, Procurement and Construction (Epc) Agreement, Engineering, Procurement and Construction (Epc) Agreement, Epc Agreement
Termination Payment for Force Majeure Event. 19.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 21.5.
19.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include:
(a) any sums due and payable under Clause 21.5; and
(b) the reasonable cost, as determined by the Authority Authority’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority for use in Construction, only if such Plant and Materials are in conformity with the Specifications and Standards;
19.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 21.6.2 as if it were an Authority Default.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement
Termination Payment for Force Majeure Event. 19.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 21.5.
19.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include:
(a) any sums due and payable under Clause 21.5; and
(b) the reasonable cost, as determined by the Authority SPV’s Engineer, of the Plant and Materials procured by the Contractor and transferred to the Authority SPV for use in Construction, only if such Plant and Materials are in conformity with the Specifications and Standards;
19.8.3 If Termination is on account of a Political Event, the Authority SPV shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 21.6.2 as if it were an Authority SPV Default.
Appears in 1 contract
Sources: Epc Agreement
Termination Payment for Force Majeure Event. 19.8.1 In the event of this Agreement being terminated on account of a Non-Political Event, the Termination Payment shall be an amount equal to the sum payable under Clause 21.5.
19.8.2 If Termination is on account of an Indirect Political Event, the Termination Payment shall include:
(a) any sums due and payable under Clause 21.5; and
(b) the reasonable cost, as determined by the Authority Engineer, of the Plant and Materials procured Materialsprocured by the Contractor and transferred to the Authority for use in Construction, only if such Plant and Materials are in conformity with the Specifications and Standards;
19.8.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Contractor in an amount that would be payable under Clause 21.6.2 as if it were an Authority Default.
Appears in 1 contract
Sources: Engineering, Procurement and Construction (Epc) Agreement