Fortuitous event definition

Fortuitous event means any occurrence or failure to occur which is, or is assumed by the parties to be, to a substantial extent beyond the control of either party.
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Fortuitous event means an act of war, hostilities, civil war, insurrection or natural phenomenon of an exceptional, inevitable and irresistible character.
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Fortuitous event is defined as any unforeseen occurrineadnvcisaeble, oillergal, any impracticable or impossible, including but not limited to Acts of God, governmental restrictions and/or regulations; war or apparent act of war; terrorism or apparent act of terrorism, disaster, civil disorder, disturbance and/or riots; suspension and/or restriction on transportation facilities/means of transportation; performance failures of parties; reportable, communicable and virulent disease outbreak, public health emergency outside the control of the contracting parties; strikes or any other emergency making it commercially inadvisable, illegal, impracticable or impossible for either party to perform under this Agreement), In the event of Fortuitous event, refunds will not be given. Furthermore, the Company will be able to treat itself as wholly or partly released from its obligations to provide the Sponsorship Package and will not be under any liability to the Sponsor for any failure to perform its obligations.
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Examples of Fortuitous event in a sentence

  • Article 30 – Fortuitous event or force majeure The percentages reserved for national and foreign performers shall not apply in the event of a fortuitous event or force majeure.

  • Fortuitous event: An occurrence beyond the control of a subscriber which impedes fulfilling his/her obligations, usually harmful and happening by chance and without the possibility of attributing its cause to anyone.

  • Force Majeure and/or Fortuitous event shall never include any of the following circumstances: i) economic difficulties of any kind; ii) change in market conditions.

  • Fortuitous event shall include, but is not limited to acts of God, laws, regulations or orders of any government entities, judgments or orders of any courts, riots, wars, strikes, lockouts, terrorism, natural calamities, storm, flood, volcanic eruptions, or other severe and unusual weather conditions, accidents, or any other cause similar to the foregoing.

  • In order to understand the chronic disease related health behaviors, the city implemented a survey with 1,000 Songpa-gu citizens in 2010.

  • The department shall document its action in writing in addition to the report detailing the findings of the inspection.

  • The Signatory is a CUSTOMER within the meaning of item 5 of this Article 15, in the cases it is a party to a Contract with the PROVIDER.7. Fortuitous event is a circumstance of extraordinary nature that was unforeseeable at the time of entering into the Contract, which makes the provision of the services objectively impossible.

  • Resolution No. 26, Series of 2009, Section 3.3 (A Resolution Amending the Rules for Approval of Regulated Entities' Capital Expenditure Projects) states that: If a Force Majeure or Fortuitous event, as the case may be, occurs, the affected Regulated Entity shall seek the ERC's confirmation of the implementation of capital expenditure projects arising from such event.

  • Fortuitous event – unpredictable events connected with acts of natural forces, occurring independently of the Insured's will, i.e. fire, flood, avalanche, lighting strike, earthquake, subsidence or landslide, explosion, crash of an aircraft, volcanic eruption, tornado.

  • For example: Delay in the payment of advances for materials and supplies, delay in the resolution of queries, unavailability of land, etc.c) Fortuitous event or force majeure duly proven.

Related to Fortuitous event

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Section 13 Event means any event described in clauses (x), (y) or (z) of Section 13(a) hereof.

  • Extraordinary Event means any event, circumstance or cause which Royal Bank determines has or will have a material adverse effect on the ability of Royal Bank to perform its obligations under the Notes or to hedge its position in respect of its obligation to make payment of amounts owing thereunder, including as a result of any of Royal Bank’s internal policies, and more specifically includes a Market Disruption Event in respect of any Share or Hedging Event.

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Key Person Event means at any time during the Commitment Period (i) [__]4 ceases to devote time and attention for any reason, including death, disability or retirement, as required under Section 9.2 (Time and Attention) to the Fund[, the Prior Funds] and any Successor Fund permitted in accordance with this Agreement; or (ii) there is a Change of Control.

  • Event of Eminent Domain means, with respect to any property, (a) any compulsory transfer or taking by condemnation, seizure, eminent domain or exercise of a similar power, or transfer under threat of such compulsory transfer or taking or confiscation of such property or the requisition of the use of such property, by any agency, department, authority, commission, board, instrumentality or political subdivision of any state, the United States or another Governmental Authority having jurisdiction or (b) any settlement in lieu of any of the actions described in clause (a) above.

  • Distress Event means any of:

  • Force Majeure Event means an event, or a series of related events, that is outside the reasonable control of the party affected (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, disasters, explosions, fires, floods, riots, terrorist attacks and wars);

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Barrier Event means that R (final) is lower than the Barrier.

  • 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:

  • Relief Event means any of the following:

  • Significant Event means any Amortization Event or Event of Default.

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Terminating Event means any of the following events:

  • 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.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Occurrence means an accident, including continuous or repeated exposure to substantially the same general harmful conditions.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Condemnation Event means any act of taking by a public or quasi-public authority through condemnation, reverse condemnation or eminent domain.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Delay Event means any event set out at Clause 5.19.4 [Delay Events].

  • Control measure means any best management practice or stormwater facility, or other method used to minimize the discharge of pollutants to state waters.

  • Non-Viability Event means the earlier of: