Business Interruption Event definition

Business Interruption Event shall have the meaning set forth in Section 14.1.

Business Interruption Event means (i) partial or total evacuation of employees or tenants or guests from the Complex, Renaissance Center Phase II, the Hotel or any portions thereof; (ii) unscheduled closing of portions of offices, hospitality areas, retail areas, Hotel areas or other portions of the Complex, Hotel or Renaissance Center Phase II; (iii) cancellation or curtailment of retail, hospitality, banquet facility, special events, or Hotel functions at the Renaissance Center; (iv) written complaints to Buyer (or Buyer’s property manager) from tenants, the Hotel or GM; (v) claims asserted against Buyer by tenants, GM or the Hotel;

Business Interruption Event means a Cyber Attack that occurs in Computer Systemsthat are under direct operational control of the Insured.

Examples of Business Interruption Event in a sentence

• All Centralized Service Charges and Reimbursable Expenses actually incurred during the period of the Business Interruption Event shall continue to be payable in accordance with the provisions this Agreement, regardless of whether there are sufficient Business Interruption Insurance proceeds to cover such amounts.

• Owner shall also be obligated to pay to Manager in accordance with this Agreement Management Fees based on actual Net Operating Revenues and EBITDA during the period of the Business Interruption Event.

• Owner shall also be obligated to pay to Manager, in accordance with this Agreement, Management Fees based on the prior year’s actual Net Operating Revenues and EBITDA (as measured as of the date immediately prior to the commencement of the Business Interruption Event) during the period of the Business Interruption Event; provided, that during the first Operating Year, EBITDA shall be based on the projected EBITDA included in the Annual Budget(s) for the twelve (12) months from and after the Opening Date.

• Owner shall also be obligated to pay to Manager, in accordance with this Agreement, Management Fees based on the prior year’s actual Net Operating Revenues and EBITDA (as measured as of the date immediately prior to the commencement of the Business Interruption Event) during the period of the Business Interruption Event.

• Such non-performance will be excused for as long (but only for as long) as such event shall be continuing; PROVIDED, HOWEVER, that the Kali Shareholders' Rep shall give prompt written notice to PRI of the Force Majeure Event or Business Interruption Event.

More Definitions of Business Interruption Event

Business Interruption Event means the occurrence, following the Closing Date but on or prior to December 31, 2015, of a business income loss event affecting the Mt. Holly Faxxxxxy that (i) is covered as an insurable loss under any applicable insurance policy of the Buyer or its Affiliates and (ii) with respect to which Buyer or its Affiliates actually receive payment for business income loss under such insurance policy.

Business Interruption Event means the interruption, material degradation or loss of access to the Named Insured’s Computer System, website, intranet, network, programs, or data causing Loss of Income as the direct result of malicious acts or omissions of an unauthorized person or an authorized person in an unauthorized manner that prevents the Named Insured from gaining access to its website, intranet, network, Computer System, programs, or data held electronically by the Named Insured.

Business Interruption Event means a Cyber Event that causes any unplanned system outage, network interruption, or degradation of the network of any Cloud Service Provider.

Business Interruption Event has the meaning specified in Section 2.06(d) of the MLB Credit Agreement.

Business Interruption Event means the occurrence, following the Closing Date but on or prior to December 31, 2015, of a business income loss event affecting the Mt. Holly Facility that (i) is covered as an insurable loss under any applicable insurance policy of the Buyer or its Affiliates and (ii) with respect to which Buyer or its Affiliates actually receive payment for business income loss under such insurance policy.

Business Interruption Event means the actual and necessary interruption to or degradation in the availability of your “electronic communications system” resulting in a “business interruption loss”.

Business Interruption Event means the occurrence and continuation for a period of thirty (30) or more consecutive days at any time during the thirty (30) month-period commencing immediately after the Closing Date of one or more of the following events: (a) the failure of PRI to provide Kali, with reasonably adequate funding (including research & xxxxlopment or Biostudies funding), facility maintenance, equipment, personnel, executive management, in each case, reasonably necessary to permit Kali to conduct the business of Kali in a manner consistent with xxx manner in which the Kali Business was conducted immediately prior to the Closing (provided, that the employment of Mr. Subramanian as President of Kali shall be prima facie evidencx xx xxx xxxxxxion of adequate executive management), other than any failure that is a direct result of an act or omission of Mr. Subramanian; (b) the FDA or any other Governmental Authorxxx xxxxxxxxxxx or materially restricting the operation of the business of Kali; or (c) the relocation of Kali's principal facility in Somerset, New Jersey to a facility that is not fully qualified pursuant to all Laws (including FDA regulations) applicable to the development, manufacturing, packaging and shipping of Kali's products. For the avoidance of doubt, the termination of the employment of Mr. Subramanian by Par or PRI (for any reason) shall not, in and xx xxxxxx, xxxxxitute a Business Interruption Event.