Early Termination Event. (a) In the event the Generating Station is no longer owned or leased by an affiliate of MAEM, this Agreement shall automatically terminate, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or termination of the lease of the Generating Station.
Early Termination Event. (a) Any of the following events or occurrences will constitute an “Early Termination Event” with respect to the Revolving Facility and the Revolving Facility Pool:
Early Termination Event. In the event of the occurrence of a Swap Early Termination Event, notwithstanding anything to the contrary in Section 5.2 of the Standard Terms, the Notes will be deemed to have been declared to be immediately due and payable without need for any additional consents.
Early Termination Event. Each of the following is an “Early Termination Event” and will occur:
Early Termination Event. Notwithstanding anything to the contrary herein and/or in the Community Benefits Agreement, MFP and City agree that MFP’s obligation to make ongoing Contributions under the Community Benefits Agreement is conditioned upon both the Ground Lease and the Community Benefits Agreement being valid and active agreements in good standing (the “Good Standing Condition”). In the event that the Good Standing Condition is no longer satisfied (an “Early Termination Event”), then MFP shall send written notice to the Escrow Agent (“MFP’s Notice”) asserting that an Early Termination Event has occurred, upon which, Escrow Agent shall promptly deliver a copy thereof to City. If by 5:00 p.m., local time, on the date which is five (5) business days following delivery of MFP’s Notice to City, City objects to MFP’s Notice by written notice received by Escrow Agent (“City’s Objection Notice”), then Escrow Agent shall not disburse the Contribution(s) to MFP until the dispute is resolved. However, if City does not deliver City’s Objection Notice to Escrow Agent by 5:00 p.m., local time, on the date that is five (5) business days following City’s receipt of MFP’s Notice from Escrow Agent, then (i) Escrow Agent shall disburse any portion of any Contribution(s) in Escrow Agent’s possession to MFP, and (ii) MFP’s obligation to make any further Contributions shall immediately cease and terminate.
Early Termination Event. As applied to any holder of Debt or claim against the Company that has agreed not to take an Enforcement Action for a period of time, the occurrence of any of the following: (a) acceleration of any other Debt or claim against the Company in excess of (either individually or in the aggregate) $150,000; (b) the holder of any other Debt or claim against the Company in excess of (either individually or in the aggregate) $150,000 initiates any judicial proceeding or action to collect any portion of such other Debt or claim, or exercises any right of set-off or counterclaim against the Company or commences any foreclosure action against any of the assets of the Company; and (c) any voluntary or involuntary insolvency, bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors, appointment of a custodian, receiver, trustee or other officer with similar powers or any other proceeding for the liquidation, dissolution or other winding up of the Company. EBIDTA: Earnings of the Company before interest, depreciation, taxes and amortization.
Early Termination Event. 2 Section 1.10 Group.................................................... 2 Section 1.11
Early Termination Event. In the event that:
Early Termination Event. If (i) Seller does not deliver all of the Schedules referred to in Section 3 within the time period specified in Section 5.17, or (ii) the Schedules delivered by Seller to Buyer are not acceptable to Buyer within its reasonable judgment, or (iii) Buyer discovers through its due diligence investigation, including review of the Schedules to be furnished by Seller (which when delivered in final form shall constitute a part of this Agreement), that any representation and warranty of Seller contained in this Agreement (A) that is qualified as to materiality is not true and complete, or (B) that is not qualified as to materiality is not true and complete in all material respects (each of clauses (i), (ii) and (iii), an "Early Termination Event"); provided, however, that Buyer must deliver written notice to Seller of an Early Termination Event within fifteen (15) business days of the date of this Agreement. Notwithstanding any other provisions of this Agreement, if Buyer terminates this Agreement pursuant to an Early Termination Event and timely notice of such Early Termination Event is delivered to Seller, the Initial Deposit held by the Escrow Agent pursuant to the Escrow Agreement, including any interest or other proceeds from the investment of such Initial Deposit held by the Escrow Agent, shall be disbursed to or at the direction of Buyer, and Buyer shall have no other remedy for any damages suffered by Buyer by reason of an Early Termination Event.
Early Termination Event. For each Series of Notes, as specified in the related Indenture Supplement.
