Extension for Delay Event Sample Clauses

Extension for Delay Event. ‌ (a) If Access Right Holder is or will be prevented or delayed in achieving a Milestone by the relevant Milestone Date due to a Delay Event, then Access Right Holder must:‌ (i) notify EnergyCo of the occurrence of the Delay Event as soon as reasonably practicable (and no later than 10 Business Days after becoming aware of, or after it should reasonably have become aware of, the Delay Event) and submit a written claim to EnergyCo for an extension of time giving reasonable details of:‌ (A) the date on which the Delay Event commenced; (B) the Delay Event, including its expected duration; (C) the Milestone Date which is delayed or expected to be delayed by the Delay Event; and (D) subject to paragraph (e), any proposed extensions to the relevant Milestone Date required to reflect the impact of the Delay Event on Access Right Holder’s achievement of the relevant Milestone;‌ (ii) keep EnergyCo informed of any material changes or developments to the information provided to EnergyCo in the notice under subparagraph (i); and (iii) subject to clause 9.4, use best endeavours to overcome and mitigate the impact of the Delay Event. (b) Within 15 Business Days of receiving Access Right Holder’s notice under subparagraph (a)(i), EnergyCo may request any further information from Access Right Holder that EnergyCo reasonably requires to assess the impact of the Delay Event on Access Right Holder’s achievement of the Milestone (as relevant).‌ (c) Access Right Holder must, within 15 Business Days of receiving EnergyCo’s request under paragraph (b), provide EnergyCo with the information requested. (d) Subject to paragraphs (e) and (f), EnergyCo must (acting reasonably) confirm whether the proposed extension to the relevant Milestone Date requested by Access Right Holder under subparagraph (a)(i)(D) is granted by the later of: (i) 20 Business Days after receiving Access Right Holder’s notice under subparagraph (a)(i); and (ii) 20 Business Days after receiving any further information that EnergyCo has requested from Access Right Holder under paragraph (b). (e) Subject to clause 9.5, for the purposes of determining an extension to the relevant Milestone Date, if Access Right Holder is or will be prevented or delayed in achieving:‌ (i) Financial Close by the FC Target Date due to a Delay Event, then the FC Target Date may be extended by one day for each day of delay; (ii) Financial Close by the FC Sunset Date due to a Delay Event occurring after the FC Target Date, then the FC Su...
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Extension for Delay Event. (a) If Access Right Holder is or reasonably expects that it will be prevented or delayed in achieving a Milestone by the relevant Milestone Date due to a Delay Event, then Access Right Holder must:‌ (i) notify EnergyCo of the occurrence of the Delay Event as soon as reasonably practicable (and no later than 10 Business Days after the commencement of the Delay Event) giving reasonable details of:‌ (A) the date on which the Delay Event commenced; (B) the Delay Event, including its expected duration; (C) the Milestone Date which is delayed or expected to be delayed by the Delay Event; and (D) subject to paragraph (c), any proposed extensions to the relevant Milestone Date required to reflect the impact of the Delay Event on Access Right Holder’s achievement of the relevant Milestone;‌ (ii) keep EnergyCo informed of any material changes or developments to the information provided to EnergyCo in the notice under subparagraph (i); and (iii) subject to clause 9.4, use best endeavours to overcome and mitigate the impact of the Delay Event.
Extension for Delay Event. (a) If Access Right Holder is or will be prevented or delayed in achieving a Milestone by the relevant Milestone Date due to a Delay Event, then Access Right Holder must: (i) notify EnergyCo of the occurrence of the Delay Event as soon as reasonably practicable (and no later than 10 Business Days after becoming aware of, or after it should reasonably have become aware of, the Delay Event) and submit a written claim to EnergyCo for an extension of time giving reasonable details of:

Related to Extension for Delay Event

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement: a. At DSHS’s discretion, the Contract or Program Agreement may be renegotiated under the revised funding conditions. b. At DSHS’s discretion, DSHS may give notice to Contractor to suspend performance when DSHS determines that there is reasonable likelihood that the funding insufficiency may be resolved in a timeframe that would allow Contractor’s performance to be resumed prior to the normal completion date of this contract. (1) During the period of suspension of performance, each party will inform the other of any conditions that may reasonably affect the potential for resumption of performance. (2) When DSHS determines that the funding insufficiency is resolved, it will give Contractor written notice to resume performance. Upon the receipt of this notice, Contractor will provide written notice to DSHS informing DSHS whether it can resume performance and, if so, the date of resumption. For purposes of this subsubsection, “written notice” may include email. (3) If the Contractor’s proposed resumption date is not acceptable to DSHS and an acceptable date cannot be negotiated, DSHS may terminate the contract by giving written notice to Contractor. The parties agree that the Contract will be terminated retroactive to the date of the notice of suspension. DSHS shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the retroactive date of termination. c. DSHS may immediately terminate this Contract by providing written notice to the Contractor. The termination shall be effective on the date specified in the termination notice. DSHS shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the effective date of termination. No penalty shall accrue to DSHS in the event the termination option in this section is exercised.

  • Suspension for Ongoing Harm Oracle may suspend Customer’s or Users’ access to, or use of, the Services if Oracle believes that (a) there is a significant threat to the functionality, security, integrity, or availability of the Services or any content, data, or applications in the Services; (b) Customer or Users are accessing or using the Services to commit an illegal act; or (c) there is a violation of the Acceptable Use Policy. When reasonably practicable and lawfully permitted, Oracle will provide Customer with advance notice of any such suspension. Oracle will use reasonable efforts to re-establish the Services promptly after Oracle determines that the issue causing the suspension has been resolved. During any suspension period, Oracle will make Customer Data (as it existed on the suspension date) available to Customer. Any suspension under this Section shall not excuse Customer from Customer’s obligation to make payments under this Agreement.

  • Termination for Default The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: (a) has breached this Agreement; or (b) has provided false or misleading statements in their application for the Grant; or (c) has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

  • Termination Event; Notice (a) The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including the Holders’ obligation and right to purchase and receive shares of Common Stock and to receive accrued and unpaid Contract Adjustment Payments (including any deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon)), shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred. In the event of such a termination of the Purchase Contracts as a result of a Termination Event, Holders of such Purchase Contracts will not have a claim in bankruptcy under the Purchase Contract with respect to the Company’s issuance of shares of Common Stock or the right to receive Contract Adjustment Payments. (b) Upon and after the occurrence of a Termination Event, the Units shall thereafter represent the right to receive the Notes (or security entitlements with respect thereto) underlying the Applicable Ownership Interests in Notes, the Treasury Securities or the Applicable Ownership Interests in the Treasury Portfolio, as the case may be, forming part of such Units, and any other Collateral, in each case, in accordance with the provisions of Section 3.15. Upon the occurrence of a Termination Event, (i) the Company shall promptly thereafter give written notice to the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register and (ii) the Collateral Agent shall, in accordance with Section 3.15, release the Notes (or security entitlements with respect thereto) underlying the Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) forming a part of each Corporate Unit or the Treasury Securities forming a part of each Treasury Unit, as the case may be, and any other Collateral from the Pledge.

  • Suspension; Termination If Borrower voluntarily suspends its business or, the partnership is dissolved or terminated, other than a technical termination of the partnership for tax purposes.

  • TERM, TERMINATION & SUSPENSION The Company may terminate this Agreement with You at any time for any reason, with or without cause. The Company specifically reserves the right to terminate this Agreement if You violate any of the terms outlined herein, including, but not limited to, violating the intellectual property rights of the Company or a third party, failing to comply with applicable laws or other legal obligations, and/or publishing or distributing illegal material. If You have registered for an account with Us, You may also terminate this Agreement at any time by contacting Us and requesting termination. At the termination of this Agreement, any provisions that would be expected to survive termination by their nature shall remain in full force and effect.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • Erroneous Termination for Default If, after notice of termination of Vendor’s right to proceed under the provisions of this clause, it is determined for any reason that the contract was not in default, or that the delay was excusable under the provisions of the prior paragraph (Excuse for Nonperformance or Delayed Performance), the rights and obligations of the parties shall be the same as if the notice of termination had been one of termination for convenience.

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