Customer Event definition
Examples of Customer Event in a sentence
The Freight Customer shall notify Network Rail promptly on becoming aware of the occurrence of a Freight Customer Event of Default.
Network Rail may serve a Suspension Notice where a Freight Customer Event of Default has occurred and is continuing.
No Customer Event of Default shall be deemed waived unless in writing and signed by Owner.
The Broker may also disclose such information to Cloud Provider(s) as set out in this CPA, for example if such information has relevance to Broker’s notification to Cloud Provider(s) of a Customer Event of Default.
If ILPI is unable to remedy a Customer Event of Default within ninety (90) days after receipt of a Notice of Customer Default, PSPEI may terminate the PSA and ILPI shall be liable to pay a termination fee (defined in the PSA as "Termination Payment") equivalent to seventy-five percent (75%) of the net present value of the adjusted Capital Recovery Fees multiplied by the Contracted Capacity for the remaining term of the PSA had it not been terminated.
Provided no Host Customer Event of Default has occurred and is ongoing, in no event shall System Owner sell, or be deemed to have sold, Output to any Person other than Host Customer.
For a Customer Event of Loss, HP-OMS shall coordinate and oversee repair or replacement performed by a third-party on a Pass-Through Expenses basis, or by HP-OMS at agreed-upon prices.
Network Rail may serve a Termination Notice on the Freight Customer where: the Freight Customer fails to comply with any material restriction in a Suspension Notice; the Freight Customer fails to comply with its obligations under paragraph 2.5.3; [Not used]; or the Freight Customer Event of Default specified in a Suspension Notice served by Network Rail is not capable of being remedied and 3 months have elapsed from the service of that Suspension Notice.
If there is an alleged Customer Event of Default as provided above, then CUSTOMER shall have an opportunity to cure such Customer Event of Default as provided for herein.
Notwithstanding the foregoing, if a Host Customer Event of Default has occurred or is ongoing under Article 12 of this Agreement, then System Owner shall retain title to and utilize the Output generated after such Host Customer Event of Default, in accordance with the remedies set forth in this Agreement.