Other Specified Events Clause Samples

The "Other Specified Events" clause defines additional circumstances, beyond standard contract terms, that may trigger certain rights or obligations under the agreement. Typically, this clause lists specific events—such as regulatory changes, insolvency of a party, or external disruptions—that, if they occur, can lead to actions like contract termination, suspension of obligations, or renegotiation. By clearly identifying these extra events, the clause ensures both parties are aware of and prepared for exceptional situations that could impact the contract, thereby reducing uncertainty and allocating risk for unforeseen developments.
Other Specified Events. The Parties may additionally terminate a PSA as set forth in the applicable PSA.
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Other Specified Events. (a) All Liabilities of the Transferred Subsidiaries with respect to Sellers' DIP Facility, as guarantor, pledgor, or otherwise, shall be extinguished except for Liabilities with respect to back-to-back arrangements related to the
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Related to Other Specified Events

  • Additional Disruption Events Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)” after the word “regulation” in the second line thereof.

  • Default under Specified Transaction The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

  • Termination Events If the Early Termination Date results from a Termination Event:—

  • Acceleration Events Each of the following events shall constitute an “Acceleration Event”:

  • Reports of unusual occurrence The Contractor shall, during the Maintenance Period, prior to the close of each day, send to the Authority and the Authority’s Engineer, by facsimile or e- mail, a report stating accidents and unusual occurrences on the Project Highway relating to the safety and security of the Users and Project Highway. A monthly summary of such reports shall also be sent within 3 (three) business days of the closing of month. For the purposes of this Clause 15.4, accidents and unusual occurrences on the Project Highway shall include: (a) accident, death or severe injury to any person; (b) damaged or dislodged fixed equipment; (c) flooding of Project Highway; and (d) any other unusual occurrence.