Relevant Event definition
Examples of Relevant Event in a sentence
Delete “(a)” and “or (b) Clause 22.2 (Financial Ratio)” from the definition of Relevant Event in Clause 1.1 (Definitions).
Owner’s Rights following an Event of Default or a Relevant Event .....................
OR A RELEVANT EVENT (a) If a Relevant Event occurs and while it is continuing, the Owners or the Security Agent (on behalf of the Owners) may, at any time after the occurrence of that Relevant Event and so long as the same is continuing, provide a notice to the Charterer declaring that a Relevant Event has occurred.
The aggrieved Party shall deliver the Dispute Notice (the “Referral”) to (a) the “Department Initial Decision-Maker” identified in the table in Schedule G (Dispute Resolution) corresponding to the applicable Relevant Event if the Recipient is the aggrieved Party and (b) the “Recipient Initial Decision-Maker” identified in the table in Schedule G (Dispute Resolution) corresponding to the applicable Relevant Event if the Department is the aggrieved Party.