Increased Costs Event definition

Increased Costs Event means where:
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Increased Costs Event. With respect to any Affected Party any change in Regulation D of the Board occurring after the date hereof which:
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Increased Costs Event means any of the following events –
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Examples of Increased Costs Event in a sentence

  • The Seller shall notify the Buyer promptly when the occurrence of an Increased Costs Event becomes known to the Seller (Increased Costs Event Notice).

  • The notification by the Debenture Holder must state in reasonable detail the reasons for the Increased Costs Event and the additional amount required to compensate the Debenture Holder.

  • If an Increased Costs Event occurs at any time after the date of execution of this Agreement then a Financial Adjustment shall be made in accordance with this clause 15 based on the Net Financial Effect of the Increased Costs Event.

  • Daily Supply Charges will be applied pro-rata for each day the Thermal Services are connected to a Premises or Common Property and may be increased by us to reflect the impact, as reasonably determined by us, of any Increased Costs Event.

  • This clause applies to an Increased Costs Event even if it does not have the force of law provided that compliance with its subject matter is customary practice for responsible bankers or financial institutions in the applicable country.


More Definitions of Increased Costs Event

Increased Costs Event means any of the following:
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Increased Costs Event means where: (a) an Impost which was not in force as at the date of this Agreement is imposed or the basis for imposing or calculating any Impost changes; or (b) any liability, cost or reduction in benefit is incurred in connection with the production, recovery, processing, transportation, handling or sale of the Gas to be supplied under this Agreement due to or arising from the introduction of, or a change in a Law or a change to the interpretation or effect of a Law (other than a Carbon Scheme Change) which occurs after the date of this Agreement; (c) Carbon Costs increase as the result of a Carbon Scheme Change which occurs after the date of this Agreement; but does not include an Embodied Emissions Charge. Increased Costs Event Notice has the meaning given in clause 15.2. Independent Certifier means an internationally recognised firm or company which carries out certification of gas reserves, or a member of such a firm or company, selected by the Seller with the consent of the Buyer, such consent not to be unreasonably withheld. Independent Expert means an expert appointed under and for the purposes of clauses 23.3 and 23.4. Input Tax Credit has the meaning given to that term in the GST Law. Invoice includes a document deemed to constitute a Tax Invoice under the GST Law. kPa means kilopascal. Law means common law, equity, any statute, regulation, order, rule, subordinate legislation or other document enforceable under any statute, regulation, order, rule or subordinate legislation and includes the amendment, modification, consolidation, re-enactment or replacement of any of them. Loss includes loss, costs, damages, liabilities and expenses. Make-up Gas or MUG means the quantity of Gas which is paid for but not taken by the Buyer in any Contract Year.
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Increased Costs Event has the meaning given in Section 11.1 of this Annex I.
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Related to Increased Costs Event

  • Increased Costs Any amounts required to be paid by the Borrower to an Indemnified Party pursuant to Section 2.12.

  • Increased Cost has the meaning specified in Section 3.01.

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Increased Cost Lender as defined in Section 2.23.

  • Increased-Cost Lenders as defined in Section 2.23.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Increased Cost of Stock Borrow means that the Issuer and/or any of its Affiliates would incur a rate to borrow Shares that is greater than the Initial Stock Loan Rate.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Reduction Event means, in relation to Notes that are Subordinated Notes, that a resolution has been passed at a general meeting of the Issuer’s shareholders in accordance with Danish law to reduce, inter alia and in the order described in Condition 10.3 (Effect), the Outstanding Principal Amounts and any accrued but unpaid interest and following the occurrence of all of the following circumstances:

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Avoided costs means the incremental costs to an electric utility of electric energy or capacity or both which, but for the purchase from the qualifying facility or qualifying facilities, such utility would generate itself or purchase from another source.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • 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.

  • 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.

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

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

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

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

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

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Adjustment Event means each of the following events:

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.