Supplier Event definition

Supplier Event means any of the following: (a) the material breach by the Supplier of the New Supply Agreement or the Prior Supply Agreement, or the failure of the Prior Supply Agreement or the New Supply Agreement to remain in full force and effect; (b) the Supplier becomes unable, or advises any of Sellers, Members, Purchasers or Parent that it is unwilling or unable, or anticipates that it will become unwilling or unable, to supply the Products to Purchasers as required by the terms and provisions of the New Supply Agreement, the Prior Supply Agreement or pursuant to any other Assumed Contract between either Seller and the Supplier, in each case, whether as a result of the occurrence of a Force Majeure Event or for any other reason or for no reason which has, or could reasonably be expected to have, a material and adverse impact on the Business; (c) the Supplier becomes party, or otherwise subject, to any material regulatory, criminal, or product liability Proceeding, or any civil investigation, in each case, by or involving any U.S. federal, state, local or foreign Governmental Authority, in each case, that is materially adverse to the Business; (d) a Supplier Change of Control occurs; or (e) a Supplier Bankruptcy or Insolvency Event occurs.
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Supplier Event means any of the following: (a) the material breach by the Supplier of the New Supply Agreement or the Prior Supply
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Examples of Supplier Event in a sentence

  • An inspection or audit not followed by a notice of a Supplier Event of Default shall not constitute or be deemed to constitute a waiver of any Supplier Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Supplier with this Agreement.

  • Any Facility Amendment that has not been consented to by the Buyer (other than in instances where such consent has been unreasonably withheld) shall, if not removed within ten (10) Business Days after such Facility Amendment occurred, constitute a Supplier Event of Default.

  • No Supplier Event of Default will be waived or deemed to have been waived by any inspection by or on behalf of the Buyer.

  • If the Indigenous Participation Level is not restored to a level of at least the Initial IPL within six (6) months after such written notice, then such failure to maintain an Indigenous Participation Level of at least the Initial IPL until at least the fifth (5th) anniversary of the Commercial Operation Date shall constitute a Supplier Event of Default.

  • Upon the occurrence of a Supplier Event of Default, Buyer may, by written notice to Supplier, terminate the outstanding Purchase Order(s) under which the Supplier Event of Default has arisen and/or shall be entitled to such rights and remedies as may be available at law or in equity.

  • No Supplier Event of Default by the Supplier will be waived or deemed to have been waived by any inspection by or on behalf of the Buyer.

  • Any Proposal Amendment that has not been consented to by the Buyer shall constitute a Supplier Event of Default.

  • In case of Supplier Event of Default, the decision of the DISCOM/NREDCAP shall be binding on the Supplier.

  • If the total Electricity output of the Facility for each of the Capacity Check Test and the Further Capacity Check Test, as stated in their respective Capacity Confirmations, divided by the CCT Duration, in each of the respective check tests (each an “Average Test Capacity”), are both less than eighty-five percent (85%) of the Monthly Contract Capacity, then this shall be considered a Supplier Event of Default.

  • No Supplier Event of Default will be waived or deemed to have been waived by any inspection by or on behalf of the Sponsor.