Excused Events definition

Excused Events means (i) [Buyer’s failure to cause Gas to be available to Seller at the Gas Delivery Point, (ii)] the Buyer’s failure to take Energy from and after the Electrical Delivery Point, and (iii) an event of Force Majeure that is claimed by Buyer. [Bracketed language applicable only to tolling agreements.]
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Excused Events are the following: Reliability and safety related reduction of supply directed by the RTO or TDU, as the case may be, and other planned or unplanned transmission outages mandated by RTO or TDU not related to a EEA System Emergency, Force Majeure, Non-Compensated Curtailment up to the Annual Non-Compensated Curtailment Cap, and Substation PM. No make-whole provisions of any kind shall be due and owing to Customer by Supplier in connection with an Excused Event. “Otherwise Compensated Events” are the following: EEA System Emergency Curtailment and Compensated Curtailment. On a bi-weekly basis, Supplier shall report to Customer the running total of Non-compensated Curtailment and the Compensated Curtailment for the calendar year; provided that, if the Non-compensated Curtailment cap has been reached prior to the end of any calendar year, Supplier shall promptly notify customer in writing that the Non-compensated Curtailment cap has been reached for such calendar year.
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Excused Events means Force Majeure events, the failure of Owner and/or Millennium to furnish sufficient fuel, makeup water, waste disposal services, and other services required to be provided to Operator hereunder, events arising out of latent defects, or the failure to perform maintenance recommended by Operator but excluded from any Major Maintenance Budget or any Annual Operating Plan and Budget by Owner, or any event occurring prior to the Acceptance Date.
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Examples of Excused Events in a sentence

  • While Enbridge has claimed that the Excused Events provisions in the Requirements Contracts will provide the Co-op with the flexibility it requires to respond to seasonal fluctuations in demand, there are serious limitations with respect to the use of Excused94 CCRL/FCL Written Evidence, para 25 ( C10225-2).

  • The Co-op submits that in order to operate as an effective substitute for force majeure provisions, there must not be any limit on the number of Excused Events that a Shipper may claim.iv.

  • There should be no limit to the number of or the length of Excused Events under the Take or Pay TSAs.

  • Despite Enbridge’s assertions that the Excused Events clauses in the TSAs are unique and intended to provide shippers with flexibility,133 The Co-op submits that they do not provide an adequate alternative to the existing force majeure regime under the CTS Tariffs.

  • These Excused Events are described in reference (iii), Article 5, Section5.3 of the pro forma Transportation Agreement.

  • Unforeseen operational issues could impact a producer’s ability to deliver volume on to the Mainline and thus incur Failure to Tender Charges.51 Due to difficulties of allocating Designated Areas to contracts and the inability to claim Excused Events, producers may be required to procure alternative crude supply and incur additional costs to avoid Failure to Tender Charges.

  • If you make transfers using paper forms, you can make four free transfers during each calendar year.

  • The complete Loss Control/Safety Policy is included in the Okaloosa County Safety Manual.

  • To the extent the Units were unavailable to Buyer due to Instructed Operations or Excused Events, the Units shall be deemed to have been Available for purposes of determining TPEm and therefore no deduction is made for such hours.

  • Please describe the degree and severity of risk of revenue loss resulting from decreased volumes as a result of the Excused Events clause of Enbridge’s proposed Transportation Agreement.


More Definitions of Excused Events

Excused Events means any of the following:scheduled downtime, maintenance time, or work undertaken as part of a Change Request; faults, outages and issues arising from your acts or omissions;the time required to initiate another instance in an alternative region; you are in breach of Your Agreement for the Cisco Cloud Services; factors outside of our reasonable control.
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Related to Excused Events

  • Excluded Events has the meaning set forth in Section 6.1(d)(ii).

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Listed Events means any of the events listed in Section 5(a) of this Disclosure Certificate.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Force Majeure Events means acts of war, domestic and/or international terrorism, civil riots or rebellions, quarantines, embargoes and other similar unusual governmental actions, extraordinary elements of nature or acts of God.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Triggering Events means each of the following events:

  • Events Each of the following events or conditions will constitute an Event of Default and a repudiation of this Agreement by Lessee (whether any such event or condition is voluntary or involuntary or occurs by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any Government Entity):-

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Designated Event with respect to X means that:—

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Covered Event means any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity.

  • Widely attended event means an event at which at least 25 persons have been invited to attend or there is a reasonable expectation that at least 25 persons will attend the event and the event is open to individuals (i) who are members of a public, civic, charitable or professional organization, (ii) who are from a particular industry or profession or (iii) who represent persons interested in a particular issue.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Insured Event shall have the meaning given such term in Section 12.4.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.