GOP Event of Default definition

GOP Event of Default. The meaning ascribed thereto in Section 14.1(b).
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GOP Event of Default. The meaning ascribed thereto in the Implementation Agreement.
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Examples of GOP Event of Default in a sentence

  • In the event of a termination of this Agreement for any reason other than a GOP Event of Default, a Pakistan Political Event, or a Change in Law, prior to the Commercial Operations Date, the Company shall reimburse the GOP for all costs and expenses (including reasonable attorneys’ fees and expenses) relating to the Project incurred by the GOP prior to the termination, which amount in any event shall not exceed two hundred thousand Dollars ($200,000).

  • The Notice of Intent to Terminate shall specify in reasonable detail the Company Event of Default or the GOP Event of Default, as the case may be, giving rise to such notice.

  • In the event the Company terminates this Agreement pursuant to Section 14.1(b)(i) through (ix) as a result of a GOP Event of Default, the Company may elect to transfer the Complex to the GOP or its designee and, in such event, the Complex shall be transferred to the GOP or its designee and the GOP or its designee shall simultaneously pay the Company the Compensation Amount set forth in Row 2 of Part I of Schedule 2 in accordance with the transfer provisions set out in Section 15.5 and Section 15.6.

  • The Notice of Intent to Terminate shall specify in reasonable detail the Seller Event of Default or the GOP Event of Default, as the case may be, giving rise to such notice.

  • The GOP or any Relevant Authority may attach such “non-discriminatory” (as explained in Section 12.4) terms and conditions to the issuance or renewal of any of the Company Consents as are in accordance with the Laws of Pakistan, and the attachment of such terms and conditions shall not in and of itself constitute a breach of this Agreement by the GOP, a Force Majeure Event under Article XIII (unless it constitutes a Change in Law), or a GOP Event of Default under Section 14.1(b).

  • Pakistan shall take all actions within its power to remedy each GOP Event of Default and each Pakistan Political Force Majeure Event under the Implementation Agreement.

  • The GOP or any Relevant Authority may attach such “ non-discriminatory” terms and conditions (as explained in Section 12.4) to the issuance or renewal of any of the Company Consents as are in accordance with the Laws of Pakistan, and the attachment of such terms and conditions shall not in and of itself constitute a breach of this Agreement by the GOP, a Force Majeure Event under Article XIII (unless it constitutes a Change in Law), or a GOP Event of Default under Section 14.1(b).

  • In the event the Company terminates this Agreement pursuant to Section 14.1(b)(i) through (vi) as a result of a GOP Event of Default, the Company may elect to transfer the Complex to the GOP or its designee and, in such event, the Complex shall be transferred to the GOP or its designee and the GOP or its designee shall simultaneously pay the Company the Compensation Amount set forth in Row 2 of Part I of Schedule 2 in accordance with the transfer provisions set out in Section 15.5 and Section 15.6.

  • The GOP or any Relevant Authority may attach such “non-discriminatory” terms and conditions (as explained in Section 12.4) to the issuance or renewal of any of the Company Consents as are in accordance with the Laws of Pakistan, and the attachment of such terms and conditions shall not in and of itself constitute a breach of this Agreement by the GOP, a Force Majeure Event under Article XIII (unless it constitutes a Change in Law), or a GOP Event of Default under Section 14.1(b).

  • Notwithstanding the foregoing, no accrued interest or mark-up (or any other term connoting the return paid to the Lenders on debt) or default interest shall be paid by the GOP for any interest or mark-up (or any other term connoting the return paid to the Lenders on debt) that accrued under the Financing Documents from and after a default by the Seller thereunder unless such default results from a GOP Event of Default or a Purchaser Event of Default under the Energy Purchase Agreement.

Related to GOP Event of Default

  • 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).

  • 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.

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

  • 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)).

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

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such 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):

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

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

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

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

  • 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.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

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

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

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • 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):

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

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

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • 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.