Immediate Termination Event definition

Immediate Termination Event means any of the following events: (a) (abandonment): the Operator wholly or substantially abandons the Services; (b) (Insolvency Event of the Operator): an Insolvency Event occurs in relation to the Operator, whether or not the Operator is then in breach of a State Project Document; (c) (Specified Event): the occurrence of: (i) 2 or more different Specified Events in any category in any 3 consecutive Months; (ii) six or more different Specified Events in any category in any 12 consecutive Months; or (iii) 2 or more of the same Specified Event in any 6 consecutive Months; (d) (Failures): more than five occurrences of a Failure of the same nature; (e) (multiple Events of Default): a total of 5 or more Events of Default have been notified by the State to the Operator in any 12 consecutive Months (which notice is not required to be a Default Notice); (f) (Change in Control): a Change in Control of the Operator or the Manager, or a Change of Manager, as the case may be, occurs without the consent of the State in accordance with Clause 35.4; or (g) [Not Disclosed] Indemnified Person has the meaning given to it in Clause 26.5.
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Immediate Termination Event shall have the meaning set forth in Section 8.1(a).
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Immediate Termination Event shall have the meaning provided in Section 7.02(a). “Incipient Invalidity Event” means (i) the validity or enforceability of any provision of the Law or the Ordinance that impacts the. Commission’s ability or obligation to levy or impose its one-half of one cent retail transactions and use tax in the incorporated and unincorporated territory of the County of San Diego (the “Sales Tax”) in accordance with the provisions of Part
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Examples of Immediate Termination Event in a sentence

  • The Bond Trustee shall have the power to waive any Immediate Termination Event set forth in this paragraph 17 in its sole discretion without further order of the Court.

  • Upon the occurrence of an Immediate Termination Event described in this paragraph 17, the Debtor’s authority to use Cash Collateral hereunder shall immediately and automatically terminate, without prejudice to the Debtor seeking an order of this Court to use Cash Collateral on a non-consensual basis.

  • Promptly upon the occurrence of such Immediate Termination Event, the Liquidity Provider will give written notice of the same to the City, the Tender Agent, the Fiscal Agent and the Remarketing Agent, but the Liquidity Provider will incur no liability or responsibility by reason of its failure to give such notice and such failure will in no way affect the termination of the Available Commitment with respect to the Bonds and its obligation to purchase Bonds pursuant to the Liquidity Facility.

  • The Available Allocated Commitment and the obligation of the Liquidity Provider under the Liquidity Facility immediately will be reinstated and the terms of the Liquidity Facility will continue in full force and effect (unless the Liquidity Facility has otherwise terminated by its terms) as if there had been no such suspension if the Suspension Event is cured prior to becoming an Immediate Termination Event.

  • Immediate Termination Event means any event resulting in the immediate termination or suspension, without notice, of the obligation of the Liquidity Facility Provider to purchase Bonds under the terms of any Liquidity Facility.

  • The Independent Expert must assume that, as at the Termination Date, no breach of this Agreement, Remediable Contractor Default or Immediate Termination Event subsists and there are no Deductions, Charges or Claims outstanding.

  • Upon the occurrence of an Immediate Termination Event described in this paragraph 23, the Debtor’s authority to use Cash Collateral and obtain post-petition financing under the DIP Documents shall immediately and automatically terminate, without prejudice to the Debtor or any other party in interest (including the Committee) seeking an order of this Court to use Cash Collateral on a non-consensual and expedited basis.

  • The Bond Trustee shall have the power to waive any Immediate Termination Event set forth in this paragraph 23 in its sole discretion without further order of the Court.

  • The obligation of the Bank to honor a Drawing or to make an Advance on any date is subject to the conditions precedent that on the date of such Drawing or Advance (a) the Bank shall have timely received a properly completed Drawing and (b) no Immediate Termination Event or Suspension Event shall have occurred and be continuing.

  • Unless the Authority shall have otherwise previously advised the Bank in writing, delivery to the Bank of a Drawing shall be deemed to constitute a representation and warranty by the Authority that, on the date of the Advance relating to such Drawing, no Immediate Termination Event or Suspension Event shall have occurred and be continuing.


More Definitions of Immediate Termination Event

Immediate Termination Event means a Material Breach described in subclause (a), (e) or (f) of the definition of “Material Breach”; Impact Statement has the meaning given to it in clause 2.2 of Schedule 8 (Change Procedure); Improvements has the meaning given in clause 7.2 of the Base Agreement;
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Immediate Termination Event means the occurrence of any Event of Default set forth in Section 7.01(a)(i), 7.01(e), 7.01(g)(i), 7.01(i) or 7.01(j)(i).
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Immediate Termination Event has the meaning assigned to that term in Section 7.02(a). “Interest Component” has the meaning assigned to that term in Section 2.01.
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Immediate Termination Event means the termination of the Liquidity Provider’s obligation to purchase the Series 2014A Certificates supported by its Liquidity Facility without notice or demand in accordance with the Liquidity Facility.
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Immediate Termination Event means an event identified in a Liquidity Facility that permits the Liquidity Facility Provider to immediately terminate without notice or demand its obligation to purchase Bonds under such Liquidity Facility.
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Immediate Termination Event means the occurrence of any event set forth in Section
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Related to Immediate Termination Event

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Company Termination Event means any of the following:

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

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

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Commitment Termination Event means (a) the occurrence of any Event of Default described in clauses (a) through (d) of Section 8.1.9, or (b) the occurrence and continuance of any other Event of Default and either (i) the declaration of the Loans to be due and payable pursuant to Section 8.3, or (ii) in the absence of such declaration, the giving of notice to the Borrower by the Administrative Agent, acting at the direction of the Required Lenders, that the Commitments have been terminated.

  • Complete Termination means a termination of the Fund's Rule 12b-1 plan for B-2 Shares involving the cessation of payments of the Distribution Fees, and the cessation of payments of distribution fees pursuant to every other Rule 12b-1 plan of the Fund for every existing or future B-Class-of-Shares (as hereinafter defined) and the Fund's discontinuance of the offering of every existing or future B-Class-of-Shares, which conditions shall be deemed satisfied when they are first complied with hereafter and so long thereafter as they are complied with prior to the earlier of (i) the date upon which all of the B-2 Shares which are Distributor Shares pursuant to Schedule I hereto shall have been redeemed or converted or (ii) May 31, 2005. For purposes of this Section 14.5, the term B-Class-of-Shares means each of the B-1 Class of Shares of the Fund, the B-2 Class of Shares of the Fund and each other class of shares of the Fund hereafter issued which would be treated as Shares under Schedule I hereto or which has substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of the shares of such class. The parties agree that the existing C Class of Shares of the Fund does not have substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares. For purposes of clarity the parties to this agreement hereby state that they intend that a new installment load class of shares which may be authorized by amendments to Rule 6(c)-10 under the 1940 Act will be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing B-1 or B-2 Classes of Shares taking into account the total sale charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares and will not be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing C Class of shares of the Fund taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.