Adverse PUCO Order Clause Samples

Adverse PUCO Order. There occurs an Adverse PUCO Order and (i) Borrower fails to (A) apply for a rehearing of the Adverse PUCO Order within thirty (30) days of the issuance of the Adverse PUCO Order and (B) exercise all procedural remedies, which are, in the opinion of Borrower’s counsel, reasonably available to reverse, limit or stay the effectiveness of the Adverse PUCO Order, (ii) (A) the request for a rehearing as applied for under clause (i)(A) above, is denied, or, if granted, the PUCO affirms the Adverse PUCO Order, and (B) the Adverse PUCO Order has not been stayed by a court of competent jurisdiction within ten (10) Business Days of the occurrence of either event described in clause (ii)(A) above, and (iii) if the Adverse PUCO Order is stayed according to clause (ii)(B) above, a court or applicable regulatory authority dismisses such stay or rules that the Adverse PUCO Order will be enforced; or
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Related to Adverse PUCO Order

  • Adverse Proceedings, etc There are no Adverse Proceedings, individually or in the aggregate, that could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

  • Adverse Proceedings No action or proceeding by or before any court or other governmental body shall have been instituted or threatened by any governmental body or person whatsoever which shall seek to restrain, prohibit or invalidate the transactions contemplated by this Agreement or which might affect the right of the Seller to transfer the Assets.

  • Adverse Weather Shall be only weather that satisfies all of the following conditions: (1) unusually severe precipitation, sleet, snow, hail, or extreme temperature or air conditions in excess of the norm for the location and time of year it occurred based on the closest weather station data averaged over the past five years, (2) that is unanticipated and would cause unsafe work conditions and/or is unsuitable for scheduled work that should not be performed during inclement weather (i.e., exterior finishes), and (3) at the Project.

  • Adverse Actions Take any action or fail to take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VI not being satisfied or (iii) a material violation of any provision of this Agreement, except, in each case, as may be required by applicable law or regulation.

  • Adverse Action The Indenture Trustee need not take an action that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.