ADC Event definition
Examples of ADC Event in a sentence
In addition, ADC shall be liable, except as otherwise provided above, for any and all unpaid Base Rent or Contingent Rent due hereunder before or during the exercise of any of the foregoing remedies and for all legal fees an other costs and expenses incurred by reason of the occurrence of any ADC Event of Default or the exercise of Heinz's remedies with respect thereto, including all costs and expenses incurred in connection with the return of the Real Property and the Energy Facility.
The Parties further agree, and Heinz hereby acknowledges, that Heinz shall not be entitled to any other remedy available at law or equity upon the occurrence any ADC Event of Default referred to in this Section 9.02(b).
The Company is deemed to be aware of an ADC Event or Potential ADC Event when the Company first becomes aware of an ADC Event or Potential ADC Event.
At the time that the ADC Event or Potential ADC Event has occurred E-Merchant is fully responsible for resolving all outstanding issues and liabilities to the satisfaction of Novum.
E-Merchant acknowledges and agrees that Novum and/or Card Payment Schemes have the right and need to obtain full disclosure (as determined by Novum and/or Card Payment Schemes) concerning the causes and effects of an ADC Event or potential ADC Event as well as the authority to impose assessments, recover costs, and administer compensation, if appropriate, to E-Merchant that have incurred costs, expenses, losses, and/or other liabilities in connection with ADC Events and potential ADC Events.
E-Merchant shall further apply the utmost diligence and forthrightness in protecting against and responding to any ADC Event or potential ADC Event.
Provided that the terms and conditions of the Steam Export Agreement are reasonably acceptable to Heinz, the Parties shall enter into an agreement stating that upon any termination of this Agreement prior to the end of the Term (other than any termination caused by Force Majeure or an ADC Event of Default), ADC shall assign and Heinz shall assume all of ADC's rights and obligations under the Steam Export Agreement.