Definition of Draw Event Sample Clauses

Definition of Draw Event. “Draw Event” means the occurrence of any of the following events:
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Definition of Draw Event. A "Draw Event" shall mean any of the following: (I) Tenant is the subject of an Insolvency Proceeding (as defined in the Lease); provided, however, that if such proceeding is pursuant to Chapter 11 of the United States Bankruptcy Code (as opposed to Chapter 7), a Draw Event shall not be deemed to have occurred so long as (A) the Lease and Work Letter are assumed by Tenant within sixty (60) days after the order for relief is entered, (B) no other Draw Event has occurred, (C) Tenant is not in breach of any other obligations under the Lease or this Work Letter, and (D) no lien has been filed against Phase I arising out of any work performed, material furnished or obligations incurred by Tenant which has not been released prior to the commencement of such Insolvency Proceeding; (II) Tenant terminates its construction contract with Tenant's Contractor without Landlord's prior consent, or defaults under such construction contract or any substitute thereof and does not cure such default within the longer of the applicable cure period under such contract or five (5) days after such default occurs; (III) the Lease is terminated by Landlord due to a Tenant default before completion of the Tenant Improvements and any Tenant Modifications; (IV) the letter(s) of credit are not extended within thirty (30) days prior to their expiration; (V) Tenant fails to deliver Tenant's space plan, Working Drawings, or any other item required to be delivered pursuant to Paragraph 5(a) on or before the date specified for such delivery; (VI) Tenant fails to commence construction of the Tenant Improvements within ninety (90) days after the Occupancy Date (subject to delay caused by Force Majeure Events); (VII) Tenant terminates the Lease pursuant to Paragraph 22(d) prior to completion of the Tenant Improvements and any Tenant Modifications, provided that in such event Tenant shall be entitled to any insurance proceeds attributable to the Tenant Improvements completed by Tenant prior to the casualty and Landlord shall be entitled to the entire face amount of the letter(s) of credit; and (VIII) Tenant fails to complete the Tenant Improvements within one hundred eighty (180) days after the Occupancy Date (subject to delay caused by Force Majeure Events), provided that if Landlord reasonably determines that Tenant is diligently pursuing construction of the Tenant Improvements, Landlord shall allow Tenant an additional thirty (30) days to complete the Tenant Improvements before a "Draw Event...
Sample 1

Related to Definition of Draw Event

  • Definition of Default The BUYER shall be deemed to be in default under this CONTRACT in the following cases: (a) If the first, second, third or fourth instalment is not paid to the BUILDER within the respective DUE DATE of such instalments; or (b) If the fifth instalment is not deposited in accordance with Article X.4.(a)(ii) hereof or if the said fifth instalment deposit is not released to the BUILDER against presentation by the BUILDER of a copy of the original PROTOCOL OF DELIVERY AND ACCEPTANCE; or (c) If the BUYER fails to take delivery of the VESSEL when the VESSEL is duly tendered for delivery by the BUILDER under the provisions of Article VII hereof; or (d) If an order or an effective resolution shall be passed for winding up of the BUYER (except for the purpose of reorganization, merger or amalgamation); or In case the BUYER is in default as set out in Paragraph 1 above, the BUILDER is entitled to and shall have the following rights, powers and remedies in addition to such other rights, powers and remedies as the BUILDER may have elsewhere in this CONTRACT and/or at law, at equity or otherwise.

  • Addition of Definitions With respect to the Senior Notes only, Section 1.01 of the Base Indenture is amended to include the following definitions (which shall be deemed to arise in Section 1.01 in their proper alphabetical order):

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  • Standard Conditions; Definitions 1.01. The Standard Conditions for Grants Made by the World Bank Out of Various Funds, dated July 1, 2008 (“Standard Conditions”), constitute an integral part of this Agreement. 1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement have the meanings ascribed to them in the Standard Conditions or in this Agreement.

  • Definition of Change in Control For purposes of the Agreement, a “Change in Control” shall mean the occurrence of any one of the following events:

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Definition of the Term Business Day". For purposes of this Agreement, "Business Day" means any day on which the New York Stock Exchange, Inc. is open for trading.

  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

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