Event of Suspension Sample Clauses

Event of Suspension. Upon (a) a default in payment beyond any ------------------- applicable grace period with respect to (i) the Notes (including a default in payment of any Redemption Amount), or (ii) any Indebtedness (other than the Notes) of the Company or any of its Subsidiaries in excess of $25,000,000, or (b) the failure of the Company or MBIA Corp. to deliver to the Providers the quarterly and annual reports required under Sections 7(a) of this Agreement after receiving written notice from the Providers and after the lapse of any applicable grace period in respect thereof (each, an "Event of Suspension"), the Company's right to make a Note Issuance Request and the Providers' obligation to purchase Notes shall be suspended until such time, if any, as such Event of Suspension is cured or waived in its entirety by such Provider. Upon the cure or waiver in full of the Event of Suspension, the Company's right to make a Note Issuance Request and the Providers' obligation to purchase Notes shall be reinstated and exist as if no such Event of Suspension had occurred. Notwithstanding the foregoing, upon the occurrence of an Event of Suspension, the Default Fee shall continue to accrue and be payable to the Providers as set forth in Section 7(c).
Sample 1
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Event of Suspension. Developer shall, within five (5) Business Days following receipt of any notice from PacifiCorp to suspend the performance of all or any portion of the Work under this article 16, deliver to PacifiCorp an itemized account of the estimated charges and costs which Developer believes will be incurred by PacifiCorp pursuant to or as a result of such suspension. Developer shall make a good faith estimate of such charges and cost that will be accurate within a range of plus or minus five percent (5%). Following receipt of such estimate, PacifiCorp shall have the right by written notice to Developer at any time prior to the effective date of suspension specified in PacifiCorp’s suspension notice, to either (i) revoke its decision to suspend performance, in which event Developer will not suspend performance of such Work, (ii) instruct Developer to suspend performance in accordance with the terms of PacifiCorp’s suspension notice and to confirm that the charges and costs quoted by Developer are acceptable, or (iii) instruct Developer to suspend performance in accordance with the terms of PacifiCorp’s suspension notice, with PacifiCorp reserving the right to contest the charges and costs estimated by Developer. In the event of suspension of the Work under this article 16, Developer shall, unless the notice in Section 16.1(b) requires otherwise:
Sample 1
Event of Suspension. Upon an Event of Default, the Corporation may suspend the Services in whole or in part and such suspension will continue for such period of time that such Event of Default remains unremedied or the Corporation is of the reasonable opinion that the integrity or reputation of the Facility, Gaming or the Corporation’s authority to conduct, manage and operate Lottery Schemes on behalf of the government of British Columbia is prejudiced or at risk of prejudice. The Corporation may suspend the Services with or without notice, provided that if the Corporation suspends the Services without notice the Corporation will promptly advise the Service Provider of any such suspension.
Sample 1

Related to Event of Suspension

  • Additional Event of Suspension Section 4.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.

  • Effect of Suspension You must pay all applicable fees incurred before and during any suspension. You will not be entitled to any service credits under an applicable Service Level Agreement or Service Level Objective during any suspension.

  • Revocation of Suspension 36.3.1 In the event that the Authority shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder.

  • Notice of Suspension The importer and the applicant shall be promptly notified of the suspension of the release of goods according to Article 51.

  • EFFECT OF SUSPENSION IN TRADING In the event that on the scheduled Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Surviving Fund or the Reorganizing Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Surviving Fund or the Reorganizing Fund is impracticable, the Closing Date shall be postponed until the first Friday that is a business day after the day when trading is fully resumed and reporting is restored.

  • Post Suspension 1. Without prejudice to the procedures in Article 190 (Examination of the Benefit Suspension Level), if the Party complained against considers that it has eliminated the non-conformity that the Panel has found, it may provide written notice to the complaining Party with a description of how non-conformity has been removed. If the complaining Party has disagreement, it may refer the matter to the original Panel within 60 days after receipt of such written notice. Otherwise, the complaining Party shall promptly stop the suspension of benefits. 2. The Panel shall release its report within 60 days after the referral of the matter. If the Panel concludes that the Party complained against has eliminated the non-conformity, the complaining Party shall promptly stop the suspension of benefits.

  • EFFECT OF AN EVENT OF DEFAULT If any Event of Default shall occur, except where otherwise provided in this Agreement or the Related Documents, all commitments and obligations of Lender under this Agreement or the Related Documents or any other agreement immediately will terminate (including any obligation to make further Loan Advances or disbursements), and, at Lender's option, all Indebtedness immediately will become due and payable, all without notice of any kind to Borrower, except that in the case of an Event of Default of the type described in the "Insolvency" subsection above, such acceleration shall be automatic and not optional. In addition, Lender shall have all the rights and remedies provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of Lender's rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower or of any Grantor shall not affect Lender's right to declare a default and to exercise its rights and remedies.

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Action if Other Event of Default If any Event of Default (other than any Event of Default described in clauses (i) through (iv) of Section 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Lender may, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

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