Event of. Default As defined in Section 7.01.
Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, (c) a Requisition of Use which can reasonably be expected to exceed, or for a stated period which ends on or after, 6091.100.2898.55:1 the penultimate day of the Lease Term, (6) any degradation of the rated capacity of Unit 1 to below, or the inability of Unit 1 to produce electricity at a level above, 530 megawatts electric for the minimum Period (for any reason other than as a result of damage to or destruction of Unit 1, Governmental Action or an event referred to in clause (iii) (x) or (iii) (y) of the definition of "Final Shutdown") Excepted Payments shall mean (i) all payments of supplemental Rent, other than payments by the Lessee (x) of Casualty Value, Termination value or special casualty value or in connection with the exercise of the Cure Option or (y) of indemnity payments to which either the Loan Participant or any Indemnitee other than the Owner Trustee or the Owner Participant or any of their respective Affiliates, (or the respective successors, assigns, agents, officers, directors or employees of the Owner Trustee or the Owner Participant is entitled, (ii) any amounts payable under any Transaction Document to reimburse the Lessor or the Owner Participant, or any of their respective Affiliates, (including the reasonable expenses of the Lessor or the Owner Participant incurred in connection with any such payment) for performing or complying with any of the obligations of the Lessee under and as permitted by any Transaction Document, (iii) any amount payable to the Owner Participant by any Transferee as the purchase price of the Owner Participant's interest in Trust Estate, (iv) so long as no Indenture Default or Indenture Event of Default shall have occurred and be continuing, all payments of Basic Rent in excess of amounts then due and owing in respect of the principal of and premium, if any, and interest on all Notes Outstanding, (v) any insurance proceeds with respect to an Event of Loss in excess of amounts then due and owing in respect of the principal of and premium, if any, and interest on all Notes Outstanding, (vi) any insurance proceeds (or payments with respect to risks self-insured) under liability policies and (vii) any payments in respect of interest to the extent attributable to payments referred to in clauses (i) through (vi) above 6091.100.2898.55:1
Event of. Force Majeure" means war, riots, insurrections, fire, explosions, sabotage, strikes, and other labor or industrial disturbances, acts of God or the elements, Governmental Requirements, disruption or breakdown of production or transportation facilities, delays of pipeline carrier in receiving and delivering crude oil tendered, or any other cause, whether similar or not, reasonably beyond the control of the affected Party.
Examples of Event of in a sentence
No express failure to enforce any Event of Default shall be deemed a waiver of the right of the State to enforce each and all of the provisions hereof upon any further or other Event of Default on the part of the Contractor.
No failure by the State to enforce any provisions hereof after any Event of Default shall be deemed a waiver of its rights with regard to that Event of Default, or any subsequent Event of Default.
To the extent a change in law occurs after execution of this Agreement that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such change in law.
Notwithstanding the foregoing, the Agent may if it considers it to be beneficial to the interests of the Bondholders delay disclosure or refrain from disclosing certain information other than in respect of an Event of Default that has occurred and is continuing.
If such plan to correct the Event of Default is not submitted to the Project Manager within ten (10) days after the date of the written notice or such plan is unacceptable to the City, the City may, give Contractor (and the Surety, if any) written notice that Contractor’s services are being terminated for cause.
More Definitions of Event of
Event of. Option shall mean the occurrence of one or more of the following events:
Event of. Abandonment shall mean (a) the written announcement by Borrower of a decision to abandon or indefinitely defer, or the abandonment of, the construction or completion or operation of all or any material part of the Expansion Improvements or the Xxxxx Refinery for any reason, or (b) the total suspension for more than 30 consecutive days or abandonment of the construction of the Expansion Improvements. Event of Default shall have the meaning assigned to it in Section 7.0.
Event of has the meaning given in Section 6.1.
Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, or (a) a Requisition of.Use for an indefinite period which can be reasonably expected to exceed, or a stated period which ends on the last day of or after, the Lease Term (including the Renewal term only if the Renewal Term shall have been elected prior to such Requisition of Use by the exercise of the renewal option provided in Section 12 of the Facility Lease). Excepted Payments shall mean (i) all payments of Supplemental Rent, other than payments by the Lessee (x) of Casualty Value, Termination Value br Special Casualty Value or in connection with the exercise of the Cure Option or the occurrence of the Special Purchase Event or (y) of indemnity payments to which either the Loan Participant or any Indemnitee other than the owner Trustee or the Owner Participant or any of their respective Affiliates (or the respective successors, assigns, agents, officers, directors or.employees thereof) is entitled; (ii) any amounts payable under any Transaction Document to reimburse the Lessor or the Owner Participant or any of their respective Affiliates (including the reasonable expenses of the Lessor or the Owner Participant incurred in connection with any such payment) for performing or complying with any of the obligations of the Lessee under and as permitted by any Transaction Document, (iii) any amount payable to the Owner Participant by any Transferee as the purchase price of the Owner Participant's interest in the Trust Estate, (iv) so long as no Indenture Default or Indenture Event of Default
Event of. DEFAULT An event specified as such in Clause 19.1 (Events of Default). FACILITY Any of the facilities made available under this Agreement as described in Clause 2 (Facility). FACILITY OFFICE The main Tel Aviv branch of the Bank or such other branch in Israel as may be designated by the Bank by written notice to the Borrower at least fifteen (15) days in advance. FACILITY PERIOD The period commencing on the date of this Agreement and ending on the Final Maturity Date. FINAL MATURITY DATE (a) in respect of Tranche A and Tranche B, 31st December, 2015;
Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, or (c) a Requisition of Use for an indefinite period which can be reasonably expected to exceed, or a stated period which ends on the last day of or after, the Lease Term (including the Renewal Term only if the Renewal Term shall have been elected prior to such Requisition of Use by the exercise of the renewal option provided in Section 12 of the Facility Lease).
Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, (c) a Requisition of Use which can reasonably be expected to exceed, or for a stated period which ends on or after, the penultimate day of the Lease Term, (d) any degradation of the rated capacity of Unit 1 to below 630 megawatts electric for an indefinite period which can reasonably be expected to exceed the lesser of 5 years and the remaining Lease Term or for a stated period in excess of the lesser of five years and the remaining Lease Term (other than as a result of damage to or destruction of Unit 1), or (e) any degradation of the rated capacity of Unit 1 to below, or the inability of Unit 1 to produce electricity at a level above, 630 megawatts electric for the Minimum Period (other than as a result of damage to or destruction of Unit 1, Governmental Action or an event referred to in part (10)(x) or (10)(y) of the definition of "Final Shutdown"). For purposes of this definition, Minimum Period shall mean the shorter of (x) the shorter of (1) an indefinite period unless such period can reasonably be expected to be shorter than the applicable Benchmark Period and (2) an actual period in excess of the applicable Benchmark Period and (y) a period beginning on the date of determination through and including the penultimate day of the Lease Term, and Benchmark Period shall mean a period equal to any 60 consecutive calendar months except that a period of 36 consecutive calendar months shall be applicable with respect to events specified in part 10(y) of the definition of "Final Shutdown". The period specified in the foregoing clause (x)(1) shall be determined by an independent nuclear consultant agreed to by the Lessee and the Owner Participant or, failing prompt agreement upon such consultant, appointed by the American Arbitration Association (or comparable or successor organization).