Owner Event of Default definition

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

Owner Event of Default shall have the meaning set forth in Section 18.3.

Owner Event of Default has the meaning indicated in Section 12.

Examples of Owner Event of Default in a sentence

• If any termination for cause by Owner pursuant to this Section 9.1(b) is ultimately determined to have been wrongful, then such termination shall be deemed a termination for an Owner Event of Default pursuant to Section 9.2(b), and O&M Contractor’s sole remedy shall be the receipt of the amounts set forth in Section 9.2(b).

• Where in this Credit Agreement any matter is subject to the consent or approval of the Lender.

• Upon any Owner Event of Default, Contractor may terminate this Agreement thirty (30) days after giving written notice thereof to Owner so long as the amount owed by Owner (other than any amount disputed in accordance with the terms of this Agreement) is not paid within such thirty (30)-day period (a “Contractor Termination for Cause”).

• In the event of a Owner Event of Default, Manager shall have the right to institute any and all proceedings permitted by law or equity, including, without limitation, actions for specific performance and/or damages, provided except as expressly provided in this Agreement, Manager shall have no right to terminate this Agreement by reason of a Owner Event of Default.

• No Owner Event of Default shall be deemed waived unless in writing and signed by Customer.

More Definitions of Owner Event of Default

Owner Event of Default means any one or more of the following events or circumstances:

Owner Event of Default. As defined in Section 13.3.

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

Owner Event of Default shall have the meaning set forth in Section 9.2(a). “Owner’s Property” shall have the meaning set forth in Section 7.5. “Owner’s Representative” shall have the meaning set forth in Section 7.3. “Party” and “Parties” shall have the meanings set forth in the preamble.

Owner Event of Default has the meaning set forth in Section 12.2. “Owner Indemnified Party” has the meaning set forth in Section 10.1.1.

Owner Event of Default shall have occurred if Owner shall fail to observe or perform any term, covenant or condition of this Agreement, which failure materially and adversely affects User, and such failure is not cured within thirty (30) days after written notice thereof from User, provided, however, if such failure cannot reasonably be cured within such thirty (30) day period and Owner shall have commenced to cure such failure within such thirty (30) day period and thereafter diligently proceeds to cure the same, then such thirty (30) day period shall be extended for such time as is reasonably necessary for Owner in the exercise of due diligence to cure such failure, provided that, with respect to any failure to perform (i) that is still continuing on or after the first day of the sixth (6th) Usage Year such cure period shall not extend beyond the later of such first day of the sixth (6th) Usage Year or one hundred eighty (180) days in the aggregate, and (ii) that is first arising on or after the first day of the sixth (6th) Usage Year, such cure period shall not exceed one hundred eighty (180) days in the aggregate; provided, further, however, that no Owner Event of Default under this clause (a) shall be deemed to exist under this Agreement during any time the curing thereof is prevented by an Unavoidable Delay, provided that upon the cessation of the Unavoidable Delay, Owner remedies the default within the time periods otherwise required hereunder.

Owner Event of Default means, in relation to a Chargor, any of the following: