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 or (d) a failure by the Lessee to satisfy any of its obligations under Sections 5.01, 5.02, 5.03 or 5.04 of the Assignment and Assumption Agreement within the time periods prescribed therein. Excepted Payments shall mean (i) all indemnity payments (including, without limitation, payments under the Tax Indemnification Agreement) to which 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 (in their individual capacities or otherwise), the Owner Participant, or any of their respective Affiliates), 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 or upon the order of the Owner Participant or the Original Owner Participant as the purchase price of the Owner Participant’s or the Original Owner Participant’s interest in the Trust Estate, (iv) any insurance proceeds or other payments received from any Governmental Authority or other Person (except the Lessee) with respect to an Event of Loss in excess of amounts then due and owing to reimburse the Indenture Trustee for any Trustee’s Expenses and to pay the reasonable remuneration of the Indenture Trustee plus 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 (or payments with respect to risks self-insured) under liability policies and any insurance proceeds in respect of insurance maintained pursuant to Section 10(b) of the Facility Lease, (vi) all payments of Secured Obligations by the Lessee, (vii) if the Letter of Credit has been terminated or has expired, the portion, if any, of Casualty Value or Special Casualty Value as of any date (before taking into account the effect of Section 3(i) of the Facility Lease) equal to the amount by which Net Casualty Value as of such date exceeds the sum of all amounts drawn under the Letter of Credit and not reinstated and (viii) any payments in respect of inte...
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 delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.
Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.
A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.
No such rescission or annulment shall affect any subsequent Event of Default or impair any right consequent thereon.
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 Storage Improvements for any reason, or (b) the total suspension for more than 30 consecutive days or abandonment of the construction of the Storage 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. DEFAULT is defined in Section 10.1, below.
Event of. DEFAULT As defined in Section 20 (Defaults). EXISTING LOAN The loan made by the Bank to the Borrower pursuant to the Original Loan Agreement in an aggregate amount (including capitalized interest) of L35,415,319.26 (thirty five million four hundred and fifteen three hundred and nineteen pounds and twenty six pence). FACILITY OFFICE The London branch of the Bank or such other office as the Bank may designate by written notice to the Borrower as being the office through which the Bank will perform any or all of its obligations under this Agreement. FINAL MATURITY The date falling ten (10) years after the Economic DATE Completion Date. FINANCE DOCUMENTS Each of:
Event of. Default shall mean any event described in Section 9.1 hereof.