Failure Event definition

Failure Event has the meaning given to it in the Discontinuation Agreement;

Failure Event means an error in the decentralized autonomous organization's

Failure Event means any of the following events: a Force Majeure Event, Failure to Supply, an Anticipated Failure to Supply, receipt of a Notice of Suspension (as defined in Section 7.6 below), termination by either Party under Section 11.3 below or termination by NeurogesX under Section 11.2 below.

Examples of Failure Event in a sentence

• The Contractor shall coordinate and participate in government chaired Failure Event Review Boards (FERBs), presenting FACAR events’ status, root cause, corrective action implementation and verification.

• In addition, without prejudice to DIR's other rights and remedies under the Agreement or at law or equity, in the event of a CAP Failure Event, DIR may equitably reduce the Charges set forth in Exhibit 4 in an amount reasonably estimated by DIR to account for the Services that DIR and/or the DIR Customers are not receiving or did not receive.

• In the event that thirty (30) days after the CAP Notice, if Service Provider has not submitted a Corrective Action Plan or the Corrective Action Plan has not, in DIR's reasonable judgment remedied the failure identified in the CAP (a "CAP Failure Event"), DIR may impose a CAP Failure Credit as set forth in Exhibit 3.

• Upon occurrence of an Epidemic Failure Event, the remedies in Sections 12.2 and 12.3 of this Order will apply to the entire Product population affected or potentially affected by the root cause failure (“Affected Product”).

• If the Secretary of State has issued a Remedy Event Notice, IP OpCo or IP HoldCo shall not declare, make, pay or permit a Distribution, if and for so long as the relevant Remedy Event (and associated Failure Event, if applicable) has not been Remedied pursuant to paragraph 2.6 (Remedied) of this schedule 2.

More Definitions of Failure Event

Failure Event means an error in the decentralized autonomous organization's software code or an exploit that:

Failure Event has the meaning given to it in clause 8.1;

Failure Event the occurrence of a Failure Event 1A or Failure Event 2, as the case may be.

Failure Event has the meaning given to it in schedule 2 (Remedy Event, Failure Event and Remediation Plan);

Failure Event has the meaning given to it in paragraph 2.4 of this schedule 2;

Failure Event means, at any time, the occurrence of one or more of the following events (i) the Dividends (as defined in the Articles Supplementary) on the Series B Preferred Stock have not been paid in full when due on two (2) consecutive Dividend Payment Dates (as defined in the Articles Supplementary), (ii) the Company fails to pay the aggregate applicable Change of Control Redemption Price (as defined in the Articles Supplementary) in full when due in accordance with Section 6 of the Articles Supplementary in respect of some or all of the shares of Series B Preferred Stock with respect to which Holders (as defined in the Articles Supplementary) have exercised their rights pursuant to Section 6(a)(i) of the Articles Supplementary, (iii) the Company fails to pay the aggregate applicable Holder Redemption Price (as defined in the Articles Supplementary) in full when due in accordance with Section 8 of the Articles Supplementary in respect of some or all of the shares of the Series B Preferred Stock with respect to which Holders have exercised their rights pursuant to Section 8(a) of the Articles Supplementary or (iv) a Non-Target Asset Event Breach (as defined in the Articles Supplementary) relating to a Secondary Non-Target Asset Event has occurred.

Failure Event means that one or more of the following events has occurred: