Sharing of definition

Sharing of risk: Where an Event of Default is declared under Clause 66.1.1 or 66.2.1 in respect of a Defaulting Pool Member which is a Public Electricity Supplier, then for the period beginning on the date of the notice declaring such Event of Default until the earlier of:- 66.5.1 the date falling 28 days thereafter; and 66.5.2 the date on which the Event of Default has been remedied or waived by Majority Default Calling Creditors or (as the case may be) the Pool Members in general meeting, (but not further or otherwise) each Pool Member (other than the Defaulting Pool Member) shall be severally liable for its Contributory Share (calculated on the basis that the Points allocated to the Defaulting Pool Member are disregarded) of all sums (including United Kingdom Value Added Tax) which such Defaulting Pool Member is required under this Agreement to pay in respect of electricity taken by the Defaulting Pool Member and Ancillary Services during each complete Settlement Day falling within such period and which are not paid on the due date therefor by the Defaulting Pool Member. The Defaulting Pool Member shall indemnify and keep indemnified each Pool Member on demand against all sums properly paid by such Pool Member pursuant to this Clause 66.5 together with interest thereon from the date of payment by such Pool Member to the date of its reimbursement (as well after as before judgment) at the Default Interest Rate.
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Examples of Sharing of in a sentence

  • Sharing of language assistance materials and services with other providers.

  • Sharing of care assumes communication between the specialist, GP and patient.

  • Sharing of frequencies must be approved only by authorized personnel for each Party and documented in the AOP.

  • Sharing of recurring facility charges for those carriers who subscribe to voice grade transport at less than the DS1 level will be based on actual facilities installed.

  • Sharing of responsibility is normally with other employees, but could equally be with others (for example, with clients, for pensions, when collected by the jobholder; or residents, for security of residential premises).

  • Sharing of responsibility is needed if all parties are to derive maximum benefit from this program.

  • Sharing of recurring facilitiy charges shall apply to activated trunks only.

  • To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.2.3 [Set-off] as though it were a Lender; provided that such Participant agrees to be subject to Section 5.3 [Sharing of Payments by Lenders] as though it were a Lender.

  • Sharing of information will usually only occur where there is a cause for concern regarding student care, welfare or behaviour or material breaches of the Student’s obligations in the Tenancy Agreement.

  • Sharing of language assistance materials and services with other providers; 5.