Operational EOD definition
Operational EOD means an Event of Default that (a) is an Event of Default pursuant to Section 7.3(f), (b) has resulted in an Adverse DOE Impact, (c) in DOE’s reasonable judgment has resulted from, or arisen out of, the Clean Line Entities’ detrimental, harmful, negligent or incompetent management, monitoring, supervision or administration of the construction, operation or maintenance of the Project on a persistent basis and (d) is not otherwise a Fundamental Event of Default.
Examples of Operational EOD in a sentence
Similarly, DOE agrees, upon the occurrence of an Operational EOD and exercise of the remedy described in Section 7.4(a)(v), to grant to DOE’s designated replacement operator(s) a right of access and use in respect of any DOE Acquired Real Property and the AR Facilities for purposes of carrying out the Project.