CONSEQUENCES OF A FINANCIAL DISTRESS EVENT Sample Clauses

CONSEQUENCES OF A FINANCIAL DISTRESS EVENT. In the event of: the credit rating of the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] dropping below the applicable Credit Rating Threshold; the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] issuing a profits warning to a stock exchange or making any other public announcement about a material deterioration in its financial position or prospects; there being a public investigation into improper financial accounting and reporting, suspected fraud or any other impropriety of the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor]; the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] committing a material breach of covenant to its lenders; a Key Sub-Contractor notifying the Authority that the Supplier has not satisfied any sums properly due under a specified invoice and not subject to a genuine dispute; or any of the following: commencement of any litigation against the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] with respect to financial indebtedness or obligations under a service contract; non-payment by the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] of any financial indebtedness; any financial indebtedness of the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor] becoming due as a result of an event of default; or the cancellation or suspension of any financial indebtedness in respect of the Supplier[, the Panel Guarantor/ [and Call Off Guarantor] or any Key Sub-Contractor], in each case which the Authority reasonably believes (or would be likely reasonably to believe) could directly impact on the continued performance and delivery of the Goods and/or Services in accordance with this Panel Agreement;
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CONSEQUENCES OF A FINANCIAL DISTRESS EVENT. 3.1 In the event of:
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CONSEQUENCES OF A FINANCIAL DISTRESS EVENT. In the event of: the credit rating of the Supplier or any Sub-Contractor dropping below the applicable Credit Rating Threshold; the Supplier or any Sub-Contractor issuing a profits warning to a stock exchange or making any other public announcement about a material deterioration in its financial position or prospects; there being a public investigation into improper financial accounting and reporting, suspected fraud or any other impropriety of the Supplier or any Sub-Contractor; the Supplier or any Sub-Contractor committing a material breach of covenant to its lenders; a Sub-Contractor notifying the Authority that the Supplier has not satisfied any sums properly due under a specified invoice and not subject to a genuine dispute; or any of the following: commencement of any litigation against the Supplier or any Sub-Contractor with respect to financial indebtedness or obligations under a service contract; non-payment by the Supplier or any Sub-Contractor of any financial indebtedness; any financial indebtedness of the Supplier or any Sub-Contractor becoming due as a result of an event of default; or the cancellation or suspension of any financial indebtedness in respect of the Supplier or any Sub-Contractor, in each case which the Authority reasonably believes (or would be likely reasonably to believe) could directly impact on the continued performance and delivery of the Goods and/or Services in accordance with this Framework Agreement;
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CONSEQUENCES OF A FINANCIAL DISTRESS EVENT. In the event of: the credit rating of the Supplier[, the Dynamic Marketplace Guarantor/ [and Contract Guarantor] or any Key Sub-Contractor] dropping below the applicable Credit Rating Threshold; the Supplier[, the Dynamic Marketplace Guarantor/ [and Contract Guarantor] or any Key Sub-Contractor] issuing a profits warning to a stock exchange or making any other public announcement about a material deterioration in its financial position or prospects; there being a public investigation into improper financial accounting and reporting, suspected fraud or any other impropriety of the Supplier[, the Dynamic Marketplace Guarantor/ [and Contract Guarantor] or any Key Sub-Contractor]; the Supplier[, the Dynamic Marketplace Guarantor/ [and Contract Guarantor] or any Key Sub-Contractor] committing a material breach of covenant to its lenders;
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Related to CONSEQUENCES OF A FINANCIAL DISTRESS EVENT

  • FINANCIAL DISTRESS 20.1 The Parties shall comply with the provisions of Framework Schedule 16 (Financial Distress) in relation to the assessment of the financial standing of the Supplier and the consequences of a change to that financial standing.

  • Consequences of an Event of Default (a) If an Event of Default specified in subsections (a) through (l), (o), (p) or (q) of Section 7.01 shall occur and, be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent or any Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans hereunder, and the Administrative Agent may, and, upon the written request of the Required Lenders shall, by notice to the Borrower, from time to time do any or all of the following:

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Consequences of Termination Upon the termination of this Agreement:

  • Financial Consequences of Non-Performance If the corrective action plan is unacceptable to the Department or Customer, or fails to remedy the performance deficiencies, the Contractor will be assessed a non-performance retainage equivalent to 10% of the total invoice amount or as specified in the Contract. The retainage will be applied to the invoice for the then-current billing period. The retainage will be withheld until the Contractor resolves the deficiency. If the deficiency is subsequently resolved, the Contractor may invoice the Customer for the retained amount during the next billing period. If the Contractor is unable to resolve the deficiency, the funds retained will be forfeited.

  • VALUATION OF CERTAIN QUALIFIED FINANCIAL CONTRACTS A. Scope Interest Rate Contracts - All interest rate swaps, forward rate agreements, interest rate futures, caps, collars and floors, whether purchased or written. Option Contracts - All put and call option contracts, whether purchased or written, on marketable securities, financial futures, foreign currencies, foreign exchange or foreign exchange futures contracts. Foreign Exchange Contracts - All contracts for future purchase or sale of foreign currencies, foreign currency or cross currency swap contracts, or foreign exchange futures contracts.

  • Extraordinary Event Registry Operator will use commercially reasonable efforts to restore the critical functions of the registry within twenty-­‐four (24) hours after the termination of an extraordinary event beyond the control of the Registry Operator and restore full system functionality within a maximum of forty-­‐eight (48) hours following such event, depending on the type of critical function involved. Outages due to such an event will not be considered a lack of service availability.

  • CONSEQUENCES OF TERMINATION AND EXPIRY 28.1 Notwithstanding the service of a notice to terminate this Framework Agreement, the Supplier shall continue to fulfil its obligations under this Framework Agreement until the date of expiry or termination of this Framework Agreement or such other date as required under this Clause 28 (Consequences of Termination and Expiry).

  • Extraordinary Events No fault if failure due to an Extraordinary Event

  • CONSEQUENCES OF POSITIVE TEST RESULTS For post-Accident or reasonable suspicion, a Covered Employee shall be immediately removed from performing his or her job or, in the alternative, may be temporarily reassigned to work that is not safety-sensitive if such work is available. The Covered Employee shall be subject to disciplinary action, and shall meet with the SAPC, as set forth in Exhibit A, and section 10 below, if the Covered Employee:

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