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

Termination Payment for Force Majeure Event. ‌‌ 25.9.1 If Termination is on account of a Non-Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover for assets under Concessionaire ownership. The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.2 If Termination is on account of an Indirect Political Event, the Lead ULBs shall make a Termination Payment to Concessionaire in an amount equal to: (a) Debt Due less Insurance Cover for assets under Concessionaire ownership; 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) 110% (one hundred and ten per cent) of the Adjusted Equity The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.3 If Termination is on account of a Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount that would be payable as if it were a Lead ULB’s Default.

Termination Payment for Force Majeure Event. ‌‌ 25.9.1 If Termination is on account of a Non-Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover for assets under Concessionaire ownership. The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.2 If Termination is on account of an Indirect Political Event, the Lead ULBs shall make a Termination Payment to Concessionaire in an amount equal to: (a) Debt Due less Insurance Cover for assets under Concessionaire ownership; 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) 110% (one hundred and ten per cent) of the Adjusted Equity The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.3 If Termination is on account of a Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount that would be payable as if it were a Lead ULB’s Default.

Termination Payment for Force Majeure Event. ‌‌‌ 25.9.1 If Termination is on account of a Non-Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount equal to 90% (ninety per cent) of the Debt Due less Insurance Cover for assets under Concessionaire ownership. The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.2 If Termination is on account of an Indirect Political Event, the Lead ULBs shall make a Termination Payment to Concessionaire in an amount equal to: (a) Debt Due less Insurance Cover for assets under Concessionaire ownership; 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) 110% (one hundred and ten per cent) of the Adjusted Equity The Concessionaire shall be entitled to withdraw the Operation Performance Security, if subsisting. 25.9.3 If Termination is on account of a Political Event, the Lead ULB shall make a Termination Payment to Concessionaire in an amount that would be payable as if it were a Lead ULB’s Default.