Event of Cancellation definition
Event of Cancellation means (i) a Material Adverse Change of Omnicell since the date of this Agreement or of a Customer since the date of the related Application, or (ii) the occurrence of an event which causes a representation made by Omnicell or a Customer in connection with a Transaction or related Contract to be false in any material respect when made, or (iii) notification by such Customer to Omnicell or to Buyer of its intent to cancel all or any part of such related Contract or to refuse to accept any part of the related System.
Event of Cancellation means any Event of Cancellation as defined in Section 9.3(A) hereof.
Event of Cancellation means any one of the following events:
(i) any declaration of an Event of Cancellation made in accordance with the terms and conditions of this Precedent Agreement becoming effective; or
(ii) in accordance with Paragraph 10 hereof, Shipper withdrawing its request for the Requested Service at any time prior to the execution of the Firm Transportation Service Contract.
Examples of Event of Cancellation in a sentence
Subject to the provisions of Section 9.4 hereof, the remedies set forth in this Section 9.3 are the sole and exclusive remedies of the Issuer in the event of an occurrence of an Event of Cancellation as set forth herein.
In such circumstances the Charges In Event of Cancellation shall apply.
To the extent that there is a notice of cancellation from any shipper or transporter or an Event of Cancellation, the Company will notify the Commission, the Department, and the OCA within two business days.
If Client cancels any reserved Manufacturing Slot in accordance with clause 5.5, then OXB may request in writing and Client shall pay to OXB, in addition to the non-refundable Manufacturing Slot Deposit, the Charges In Event of Cancellation in accordance with Schedule 1.
Pursuant to Section 6.2(d) of the Agreement, the occurrence of an Event of Default under the Agreement shall constitute an Event of Cancellation hereunder, and at any time thereafter during the continuance of such Event of Cancellation, the Authority may, by written notice to the Purchaser, duly endorse and deliver the Series 2003 B Note without recourse to the Purchaser and thereafter call and cancel this Bond.
More Definitions of Event of Cancellation
Event of Cancellation shall, with respect to a Contract, refer to (i) a Material Adverse Change in Financial Condition, business or operations of SELLER since the date of this Agreement or of the Customer since the date of the related Final Contract/Credit Applications or (ii) the occurrence of an event which causes a representation made by the Customer, SELLER or any other party in connection with the Contract or under this Agreement to be or become false or misleading in any material respect whether or not true when made or,(iii) a breach of any term of such Contract, or of any related guaranty or credit support agreement, whether by the customer or SELLER, including without limitation, failure or SELLER to deliver the underlying products or services to customer or (iv) any Default; or (v) notification by a Customer to SELLER or to MFS of its intent to cancel all or any part of the Contract or (vi) if the SELLER and/or MFS is named in a lawsuit over the actions of the SELLER. .
Event of Cancellation means the Event of Cancellation described in Section 6.2(d) hereof.
Event of Cancellation means (i) a Material Adverse Change in financial condition, business or operations of Mobius since the date of this Agreement or of a Customer since the date of the related Application, or (ii) the occurrence of an event which causes a representation made by Mobius under this Agreement or by a Customer under a License Agreement or the related Financing Addendum to be false in any material respect when made or, although true when made, not to be true at the time the Software and Services are accepted by such Customer, or (iii) a Default by Mobius, or (iv) notification by such Customer to Mobius or to GECC of its intent to cancel all or any part of such Transaction or to refuse to accept any part of the Software or Services, or (iv) any change in the majority ownership or control of Customer. (h) "Financing Addendum" means the addendum to the License Agreement which obligates the Customer to remit to GECC the Software License Payments under the terms and conditions specified therein. (i) "License Agreement" means a contract between Mobius and a Customer, which evidences the Customer's obligation to pay the Software License Payments. (j) "Material Adverse Change" means a significant negative change of Mobius or GECC from the date of this Agreement or of a Customer from the date of the related Application in its financial condition or its properties, assets, business, operations or business prospects, all as reasonably determined by GECC in the sole exercise of its credit discretion. (k) "Net Book Value" with respect to a License Agreement means: (i) all accrued and unpaid amounts then due under the applicable License Agreement, plus (ii) all remaining amounts which shall become due under the applicable License Agreement, discounted to present value at the applicable Negotiated Discount Rate, plus (iii) any out-of-pocket expenses (including actual attorney's fees and taxes imposed on the Software) incurred by GECC with respect thereto. (l) "Purchase Price" means the present value of the aggregate Software License Payments, discounted at the Negotiated Discount Rate applicable thereto (or any non-Negotiated Discount Rate previously approved by GECC in writing). (m) "Service Fees" means the fees charged by Mobius to a Customer under a License Agreement for the provision of Services and which shall be paid by the Customer directly to Mobius. (n) "Services" means any and all of the software maintenance and support services described in the applicable License Agree...
Event of Cancellation shall, with respect to a Contract, refer to (i) a Material Adverse Change in Financial Condition, business or operations of SELLER since the date of this Agreement or of the Customer since the date of the related Offer Documentation Package; or (ii) the occurrence of an event which causes a representation made by the Customer, SELLER or any other party in connection with the Contract or under this Agreement to be or become false or misleading in any material respect when made or, although true when made, will not be true and correct at the time the products and/or services related to such Contract are rendered to the Customer; or (iii) a breach of any term of such Contract, or of any related guaranty or credit support agreement, or (iv) any Default; or (v) notification by a Customer to SELLER or to MFS of its intent to cancel all or any part of the Contract.
Event of Cancellation means (i) a Customer Adverse Change since the date of the related Application; or (ii) any Navistar Party Default; or (iii) notification by a Customer to a Navistar Party, the related Dealer or to GE Capital of its intent to cancel all or any part of the Application or related Program Financing or to reject or refuse to accept any Equipment subject thereto.
Event of Cancellation has the meaning given in Section 4.4.
Event of Cancellation means, with respect to a Transaction, (a) a Material Adverse Change in the financial or other condition of Client since the date of this Agreement or of the Customer since the date of the related Application, (b) any Default by Client, (c) notification by a Customer either to Client or NCC of its intent to cancel all or any part of its Transaction or to reject or refuse to accept any Equipment, (d) the inaccuracy of any credit information supplied to NCC with respect to the Customer or Transaction, or (e) any failure by Client to fulfill any of the obligations it may have to NCC with respect to such Transaction.