Government Event of Default definition

Government Event of Default means as defined in Clause 13 of the Implementation Agreement.
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Government Event of Default means any event of default as provided for under Section 10.2.
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Government Event of Default has the meaning given in Section 24.1. “Group” means two or more Persons who are acting together for the purpose of acquiring, holding, voting or disposing of Management Rights of a Person. The parties to a shareholders agreement with respect to a corporation that establishes how directors of the corporation are to be chosen or how the parties must vote their shares in certain cases, and the parties to any similar agreement with respect to any other business entity, are in each case members of a Group.
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Examples of Government Event of Default in a sentence

  • Upon a termination of this Agreement by the Concessionaire upon the occurrence and continuation of a Government Event of Default, all Mining Plant and Infrastructure shall become the property of the Government except to the extent the Government elects to transfer the relevant Land to the Concessionaire.

  • Upon the occurrence of a Government Event of Default or a Company Event of Default, as the case may be, that is not cured within the applicable period for cure, the non-defaulting Party may, at its option, initiate termination of this Agreement by delivering a notice of the occurrence of a Company Event of Default or Government Event of Default (a “ Notice of Default”).

  • In each case from the date the relevant Notice of Default is deemed to have been delivered pursuant to Section15.2, the Party in default shall furnish to the non- defaulting Party, during any cure period, weekly reports on its progress in curing the Government Event of Default or the Company Event of Default.

  • In the event of a termination of this Agreement for any reason other than a Government Event of Default, or termination under Clause 13.7, the Concessionaire shall without prejudice to the Concessionaire's other liabilities, be liable to Government for all its damages including all costs and expenses (including reasonable attorneys' fees and expenses) relating to the CHP5 Project incurred by the Government, the Heat Purchaser and the Power Purchaser prior to the termination.

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

  • The Parties shall continue to perform their respective obligations under this Agreement pending the final resolution of any dispute raised by the receiving Party of a Notice of Default or a Notice of Intent to Terminate, provided that the notice of dispute has been delivered to the Party claiming the occurrence of Government Event of Default or the Company Event of Default, as the case may be, before the end of the relevant cure period.

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  • Section 12.4(a), the Parties agree that the Company may be damaged in amounts that may be difficult or impossible to determine in the event that this Agreement is terminated by the Company as a result of a AJ&K/Provincial Government Event of Default.

  • On the occurrence of a Government Event of Default, the Project Company (or the Shareholder in case of Expropriation) may serve notice on the Government of the occurrence (and specifying details) of such Government Event of Default.

  • We consider an account past due on the first day following its due date.


More Definitions of Government Event of Default

Government Event of Default shall exist if the Government shall have failed in a serious and prolonged manner to comply with its material obligations under this Agreement and such failure is continuing for more than 90 days after notice thereof to the Government from the Concessionaire or any representation or warranty of the Government continued in Section 21.2 proves to be false or incorrect in any material respect on the date as of which made.
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Government Event of Default means, with respect to any Sub Project:
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Government Event of Default has the meaning given to it in Clause 9.1(b) (Events of Default).
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Government Event of Default means any event of default as provided for under Section Section X.2..
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Government Event of Default shall exist:
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Government Event of Default means a material breach of any term of the Proposed Agreement by either Department which is not remedied within thirty (30) days of receipt of written notice from the Company to the DOI and the Cabinet Office;
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Related to Government Event of Default

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

  • 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).

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

  • 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.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • 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):

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

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

  • 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.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

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

  • Owner Event of Default has the meaning set forth in Section 20.3.

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

  • 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;

  • 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)).

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

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

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

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

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

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

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Event of Default has the meaning specified in Section 8.01.

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

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

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.