Forced Closure definition

Forced Closure means a complete or partial shutdown of any Silo of the Storage Facility due to a fault or any other reason, if it reduces Availability by more than 1% (one per cent) of the total Storage Capacity during a continuous period of 24 (twenty four) hours;
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Forced Closure means a complete or partial shutdown of Project Facilities leading to disruption in provision of Services due to a fault or any other reason, for cumulative period of more than 1 hour in a calendar day;
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Examples of Forced Closure in a sentence

  • The reliability of the Storage Facility in any quarter shall be measured in terms of the number of Forced Closures occurring in the Storage Facility (the “Reliability”), but only if it is caused by any event other than Force Majeure, and the Concessionaire shall procure Reliability such that there are no more than 1 (one) Forced Closure in the Storage Facility in each quarter.

  • For the avoidance of doubt, it is agreed that any maintenance arising out of de-commissioning and Forced Closure of the whole or any part of the Silo Complex under the provisions of Clause 12.7 shall be deemed to be Unscheduled Maintenance.

  • For the avoidance of doubt, the Parties agree that any Forced Closure or de-commissioning of the whole or any part of the Storage Facility under the provisions of Clause 17.7 shall be deemed to be Unscheduled Maintenance.

  • In the event that the Reliability in a quarter exceeds 1 (one) Forced Closure in the Silo Complex, the Concessionaire shall pay to the Authority Damages equal to 2.5% (two point five per cent) of the Fixed Storage Charge payable for the storage Capacity of the Silo Complex in accordance with the provisions of Clause 15.1 and 15.2 for each such Forced Closure in excess of 1 (one).

  • The purpose of this form is to assist an IEP team in discussing and pre-planning and document services during any mandatory closures.Student Name:ID:Date of Birth:School:Grade:Meeting Date: Tier 3 A/B ScheduleTier 4Emergency eLearning (Short-term Plan-up to 2 weeks)Tier 4Virtual eLearning (Forced Closure Over 2 Weeks)Goals to TargetIdentify by number, each goal that will be addressed.

  • For the avoidance of doubt, it is agreed that any maintenance arising out of de-commissioning and Forced Closure of the whole or any part of the Storage Facility under the provisions of Clause 17.7 shall be deemed to be Unscheduled Maintenance.

  • If the requesting Party detects during the process that the trouble disappears or that he is able to solve the problem himself then he can start the Forced Closure procedure.

  • In the event that the Reliability in a quarter exceeds 1 (one) Forced Closure in the Storage Facility, the Concessionaire shall pay to the Authority Damages equal to 2.5% (two point five per cent) of the Fixed Charge payable for the Storage Facility in accordance with the provisions of Clause 27.3 for each such Forced Closure in excess of 1 (one).

  • See Forced Closure of Shops in Iran On an Unprecedented Scale, BAHÁ’Í INT’L COMMUNITY (Feb.

  • Possibility of Forced Closure of Open Short Positions; Borrow Charges: Depending on regulatory restrictions, stock loan and borrow market conditions, or other factors, short sales of CFDs may or may not be allowed depending on the underlying product.

Related to Forced Closure

  • Final closure means the closure of all hazardous waste management units at the facility in accordance with all applicable closure requirements so that hazardous waste management activities pursuant to 35 Ill. Adm. Code 724 and 725 are no longer conducted at the facility unless subject to the provisions of 35 Ill. Adm. Code 722.134.

  • Early Closure means the closure on any Exchange Business Day of the Exchange or the Related Exchange(s) prior to its closing time, unless such earlier closing time is announced by the Exchange or Related Exchange(s) at least one hour prior to the earlier of: (i) the actual closing time for the regular trading session on the Exchange or Related Exchange(s) on such Exchange Business Day and (ii) the submission deadline for orders to be entered into the Exchange or Related Exchange system for execution at the Valuation Time on such Exchange Business Day.

  • Post-closure means the period after the closure of a storage site, including the period after the transfer of responsibility to the competent authority;

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Scheduled Closing Time means, in respect of an Exchange or Related Exchange and a Scheduled Trading Day, the scheduled weekday closing time of such Exchange or Related Exchange on such Scheduled Trading Day, without regard to after hours or any other trading outside of the regular trading session hours.

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Partial closure means the closure of a hazardous waste management unit in accordance with the applicable closure requirements of 35 Ill. Adm. Code 724 or 725 at a facility that contains other active hazardous waste management units. For example, partial closure may include the closure of a tank (including its associated piping and underlying containment systems), landfill cell, surface impoundment, waste pile, or other hazardous waste management unit, while other units of the same facility continue to operate.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Closing Transactions has the meaning set forth in Section 11.8(a) of these Bylaws.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Corporation, at a redemption price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of shares of a Series of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition-Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Corporation on a first-in, first-out basis, in accordance with and subject to the provisions of the Fee Agreement and these Articles Supplementary.

  • Second Closing Date means the date of the Second Closing.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Forced Conversion shall have the meaning set forth in Section 6(d).

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Second Closing has the meaning set forth in Section 2.2.

  • Post-closure plan means a plan indicating the actions to be taken for the care, maintenance, and monitoring of the Development after closure, that will prevent, mitigate, or minimize the threat to public health and the environment;