non-performance event definition
non-performance event means, in relation to a qualified insurer the loss by that qualified insurer of its ability to lawfully fulfil any obligations undertaken by it in respect of qualifying insurance in the State (whether by withdrawal or qualification of its authorisation to do so or otherwise);
non-performance event has the meaning ascribed to such term in the Regulations; “Non-Performing Insurer” has the meaning ascribed to such term in Schedule 2; “Operative Date” means 1 December 2015;
non-performance event means, in relation to a participating insurer the loss by that participating insurer of its ability to lawfully fulfil any obligations undertaken by it in respect of qualifying insurance in the State (whether by withdrawal or qualification of its authorisation to do so or otherwise) but, for the avoidance of doubt, a non-performance event does not occur unless so declared by the PII Committee;
More Definitions of non-performance event
non-performance event means, in relation to a participating insurer the loss by that participating insurer of its ability to lawfully fulfil any obligations under- taken by it in respect of qualifying insurance in the State (whether by withdrawal or qualification of its authorisation to do so or otherwise);
non-performance event means, in relation to an insurance undertaking, the loss by that insurance undertaking of its ability to lawfully fulfil any obligations undertaken by it in respect of professional indemnity insurance in the State (whether by withdrawal or qualification of its authorisation to do so or otherwise);
non-performance event has the meaning ascribed to such term in the Regulations; “Operative Date” means 1 December 2018;
non-performance event means the failure of CMC to meet any Performance Guideline in Exhibit C-1 or C-2. A failure to meet a Performance Guideline shall not constitute a Non-Performance Event if the same is caused by: (i) a program change for which Client has not provided advance written notification to CMC in accordance with paragraph 10 of Exhibit F; or (ii) monthly volumes of Accounts or Client Services inquiries and requests exceeding either Client’s written notification provided to CMC under paragraph 10 of Exhibit F or the average of the prior six (6) months by more than ten percent (10%); or (iii) Client’s breach of this Agreement; or (iv) submission of a request, an inquiry, data or other documentation by either Client, a Customer or FDR that is either incomplete or improperly completed or on forms not previously approved by CMC and/or FDR, if such omission was material and the non-performance was a direct result.
non-performance event has the meaning set forth in Section 6.03(a) of the Participation Agreement.
non-performance event or “NPE” means an event described in Table 7 [Non-Performance Events] of Appendix 16C [Non-Performance Events Payment Adjustments] to Schedule 16 [Payment Mechanism].
non-performance event or “NPE” means a failure by Project Co to meet a specific Performance Measure;