Early Termination Event. (a) In the event the Generating Station is no longer owned or leased by an affiliate of MAEM, this Agreement shall automatically terminate, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or termination of the lease of the Generating Station.
(b) In the event lenders or lessors exercise remedies following a Facility Lease Event of Default, Project Company may terminate this Agreement, without penalty, upon written notice to MAEM.
(c) Either Party may terminate this Agreement upon sixty (60) days written notice to the other Party.
Early Termination Event. (a) In the event a Generating Station is no longer partially owned by an affiliate of MAEM, this Agreement shall automatically terminate with respect to such Generating Station, without any further action required by any Party, as of the effective date of the transfer of ownership of the Generating Station.
(b) Any Party may terminate this Agreement as it relates to such Party upon sixty (60) days written notice to the other Parties.
Early Termination Event. (a) In the event a Generating Station is no longer owned or leased by Project Company, this Agreement shall automatically terminate with respect to such Generating Station, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or termination of the lease of the Generating Station.
(b) In the event Project Company ceases to be an Affiliate of MAEM, this Agreement shall automatically terminate, without penalty and without any further action required by either Party, as of the effective date of the transfer of ownership or control of Project Company or MAEM, as applicable.
(c) In the event lenders or lessors exercise remedies following a Facility Lease Event of Default, Project Company may terminate this Agreement, without penalty, upon written notice to MAEM.
Early Termination Event. (a) Any of the following events or occurrences will constitute an “Early Termination Event” with respect to the Revolving Facility and the Revolving Facility Pool:
Early Termination Event. In the event of the occurrence of a Swap Early Termination Event, notwithstanding anything to the contrary in Section 5.2 of the Standard Terms, the Notes will be deemed to have been declared to be immediately due and payable without need for any additional consents.
Early Termination Event. Each of the following is an “Early Termination Event” and will occur:
(i) on the date on which the Ceding Insurer gives written notice to the Reinsurer in substantially the form attached hereto as Exhibit F that the aggregate Outstanding Principal Amount of the Series 2009-1 Notes is equal to or less than $10,000,000, provided, that such notice may not be given during any of the Accrual Periods prior to the first anniversary date following the Effective Date (“Early Termination Event I”);
(ii) on the date on which the Ceding Insurer gives written notice to the Reinsurer in substantially the form attached hereto as Exhibit F of its election to terminate the Reinsurance Agreement following the certification by the Calculation Agent in writing to the effect that PCS or its successor has ceased to provide Catastrophe Bulletins and that the applicable Calculation Agent was unable to find a replacement for PCS or its successor (“Early Termination Event II”);
(iii) if the Reinsurer after using its reasonable best efforts in cooperation with the Ceding Insurer, is unable to identify a Replacement Calculation Agent within forty-five (45) calendar days of a Calculation Agent Failure Event and the Ceding Insurer has given written notice to the Reinsurer that the Ceding Insurer has elected to terminate this Reinsurance Agreement, with such Early Termination Event III occurring at the time that the Ceding Insurer gives such notice which shall be substantially in the form attached hereto as Exhibit F (“Early Termination Event III”). Such notice must be given no later than 35 days prior to the immediately following Payment.
(iv) on the date when a Payment Event of Default has occurred under this Reinsurance Agreement (“Early Termination Event IV”);
(v) on the date that is an Early Termination Date (as defined in the Series Supplement), unless a replacement Swap Counterparty has entered into a replacement of the Series 2009-1 Class B Swap or, if applicable, an Interim Swap Counterparty has entered into a Series 2009-1 Class B Interim Swap with the Reinsurer as of such Early Termination Date (“Early Termination Event V”); and
(vi) on the date on which the Interim Swap Counterparty gives written notice to the Reinsurer that the Interim Swap Counterparty has elected to terminate the Series 2009-1 Class B Interim Swap with the Reinsurer, if any, and there is no replacement Swap Counterparty in place prior to such termination (“Early Termination Event VI”).
Early Termination Event. Notwithstanding anything to the contrary herein and/or in the Community Benefits Agreement, MFP and City agree that MFP’s obligation to make ongoing Contributions under the Community Benefits Agreement is conditioned upon both the Ground Lease and the Community Benefits Agreement being valid and active agreements in good standing (the “Good Standing Condition”). In the event that the Good Standing Condition is no longer satisfied (an “Early Termination Event”), then MFP shall send written notice to the Escrow Agent (“MFP’s Notice”) asserting that an Early Termination Event has occurred, upon which, Escrow Agent shall promptly deliver a copy thereof to City. If by 5:00 p.m., local time, on the date which is five (5) business days following delivery of MFP’s Notice to City, City objects to MFP’s Notice by written notice received by Escrow Agent (“City’s Objection Notice”), then Escrow Agent shall not disburse the Contribution(s) to MFP until the dispute is resolved. However, if City does not deliver City’s Objection Notice to Escrow Agent by 5:00 p.m., local time, on the date that is five (5) business days following City’s receipt of MFP’s Notice from Escrow Agent, then (i) Escrow Agent shall disburse any portion of any Contribution(s) in Escrow Agent’s possession to MFP, and (ii) MFP’s obligation to make any further Contributions shall immediately cease and terminate.
Early Termination Event. If any event of Force Majeure prevents the sale and delivery or the purchase and receipt of at least 6,000,000 SCF of Product over any twelve (12) consecutive month period, the non-claiming Party shall have the right to terminate this Agreement by providing Notice to the Party claiming Force Majeure and such termination shall have immediate effect. If any amount of the Advance remains outstanding and unpaid at such time, the Seller shall repay the Advance in full, together with all accrued and unpaid interest thereon, within five (5) days of the Agreement being terminated.
Early Termination Event. As applied to any holder of Debt or claim against the Company that has agreed not to take an Enforcement Action for a period of time, the occurrence of any of the following: (a) acceleration of any other Debt or claim against the Company in excess of (either individually or in the aggregate) $150,000; (b) the holder of any other Debt or claim against the Company in excess of (either individually or in the aggregate) $150,000 initiates any judicial proceeding or action to collect any portion of such other Debt or claim, or exercises any right of set-off or counterclaim against the Company or commences any foreclosure action against any of the assets of the Company; and (c) any voluntary or involuntary insolvency, bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors, appointment of a custodian, receiver, trustee or other officer with similar powers or any other proceeding for the liquidation, dissolution or other winding up of the Company. EBIDTA: Earnings of the Company before interest, depreciation, taxes and amortization.
Early Termination Event. 2 Section 1.10 Group......................................... 2 Section 1.11
