Specific Event definition

Specific Event means any of the events listed in Section 5(a) of this Disclosure Certificate.
Sample 1
Specific Event means (i) an accident, event or occurrence (or a specifically identified series of related events and occurrences) which occurred prior to the Effective Time and which the Buyer can demonstrate and prove is a specifically identified accident, event or occurrence (or series of related events or occurrences) arising out of the conduct by the Seller Companies of the Refinery Business or Cogen Company Business prior to the Effective Time or (ii) an event or occurrence or series of events or occurrences which, although the Buyer cannot demonstrate that such event or occurrence is a specifically identified accident, event or occurrence (or a specifically identified series of related events or occurrences) as reflected in subsection (i) above, the Buyer can demonstrate and prove is an event or occurrence that resulted solely from the Seller Companies’ conduct of the Refinery Business or Cogen Company Business prior to the Effective Time. For example, a release of Hazardous Substance that can be traced to a specific accident which occurred prior to the Effective Time as a result of the Seller Companies’ conduct of the Refinery Business or Cogen Company Business would be a specifically identified accident, event or occurrence under subsection (i) above and the presence of a particular Hazardous Substance at the Refinery which is a type of Hazardous Substance which could only have been generated by the Seller Companies but the Buyer cannot trace the release to a specifically identified accident, event or occurrence would be covered by subsection (ii) above.
Sample 1

Examples of Specific Event in a sentence

  • Claims in respect of any difference between the amount of the net proceeds of the relevant Specific Security after enforcement thereof and the amount which would otherwise have been payable under the Notes and Coupons (if any) of the relevant Specific Series (a “shortfall”) shall be extinguished and failure to make any payment in respect of any such shortfall shall in no circumstances constitute a Specific Event of Default with respect to such Specific Series.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (described in Condition 9C) which is continuing, or (ii) in any other circumstances detailed in the relevant Supplemental Trust Deed and/or Specific Pledge Agreement.

  • Specific Event All thefts insured by this Section and committed by any one Employee or series of Employees working in collusion with each other.

  • Limit of Indemnity In respect of a Specific Event, the liability of the Company shall not exceed the Limit of Indemnity stated in the Schedule.

  • Where a Specific Event is triggered, The Company may act as we, in our sole opinion, deem fit in the circumstances.

  • The Specific Security in respect of a Specific Series shall become enforceable upon the occurrence of a Specific Event of Default with respect to such Specific Series (described in Condition 9B) which is continuing, or (ii) in any other circumstances detailed in the relevant Supplemental Trust Deed and/or Specific Pledge Agreement.

  • Camp event at which you are applying to serve as a Volunteer: Any event Specific Event 7/.

  • This shall be inserted into the Event Specific Event Management Plan and be submitted to the Licensing Authority no later than 28 days before the start of each event.

  • Any EMI Option which is not exercised or released pursuant to this Rule within the Appropriate Period following a Specific Event (but not any Replacement Option granted by reference to that Specific Event) shall lapse.

  • Mexican legal courts hav e changed their position favoring the authorities and ignoring violations of form and procedure.

Related to Specific Event

  • Public event means any event that can be attended by the

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Section 11(a)(ii) Event means any event described in Section 11(a)(ii) hereof.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • Non-Viability Event means the earlier of:

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Notification Event means (a) the occurrence of a “reportable event” described in Section 4043 of ERISA for which the 30-day notice requirement has not been waived by applicable regulations issued by the PBGC, (b) the withdrawal of any Loan Party or ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination, under Section 4041 of ERISA, if the plan assets are not sufficient to pay all plan liabilities, (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Pension Plan by the PBGC or any Pension Plan or Multiemployer Plan administrator, (e) any other event or condition that would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, (f) the imposition of a Lien pursuant to the IRC or ERISA in connection with any Employee Benefit Plan or the existence of any facts or circumstances that could reasonably be expected to result in the imposition of a Lien, (g) the partial or complete withdrawal of any Loan Party or ERISA Affiliate from a Multiemployer Plan (other than any withdrawal that would not constitute an Event of Default under Section 8.12), (h) any event or condition that results in the reorganization or insolvency of a Multiemployer Plan under Sections of ERISA, (i) any event or condition that results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate or to appoint a trustee to administer a Multiemployer Plan under ERISA, (j) any Pension Plan being in “at risk status” within the meaning of IRC Section 430(i), (k) any Multiemployer Plan being in “endangered status” or “critical status” within the meaning of IRC Section 432(b) or the determination that any Multiemployer Plan is or is expected to be insolvent or in reorganization within the meaning of Title IV of ERISA, (l) with respect to any Pension Plan, any Loan Party or ERISA Affiliate incurring a substantial cessation of operations within the meaning of ERISA Section 4062(e), (m) an “accumulated funding deficiency” within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) or the failure of any Pension Plan or Multiemployer Plan to meet the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA), in each case, whether or not waived, (n) the filing of an application for a waiver of the minimum funding standards within the meaning of the IRC or ERISA (including Section 412 of the IRC or Section 302 of ERISA) with respect to any Pension Plan or Multiemployer Plan, (o) the failure to make by its due date a required payment or contribution with respect to any Pension Plan or Multiemployer Plan, (p) any event that results in or could reasonably be expected to result in a liability by a Loan Party pursuant to Title I of ERISA or the excise tax provisions of the IRC relating to Employee Benefit Plans or any event that results in or could reasonably be expected to result in a liability to any Loan Party or ERISA Affiliate pursuant to Title IV of ERISA or Section 401(a)(29) of the IRC, or (q) any of the foregoing is reasonably likely to occur in the following 30 days.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Occurrence means an accident, including continuous or repeated exposure to substantially the same general harmful conditions.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • OFAC Event means the event specified in Section 8.13(c) hereof.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Delay Event means any event set out at Clause 5.19.4 [Delay Events].

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $50,000,000.

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.