Qualifying Shutdown Event‌ Sample Clauses

Qualifying Shutdown Event‌. (a) If a Qualifying Shutdown Event has occurred, the Generator may give notice to that effect to the DPA Counterparty (a "QSE Notice"). A QSE Notice shall:
Sample 1Sample 2
AutoNDA by SimpleDocs
Qualifying Shutdown Event‌. (a) If a Qualifying Shutdown Event has occurred, the Emitter may give notice to that effect to the ICC Contract Counterparty (a "QSE Notice"). A QSE Notice shall:
Sample 1
Qualifying Shutdown Event‌. Procedure (Condition 37) Clarificatory amends inserted. We believe it is helpful to clarify aspects of this procedure so that equity and debt providers are confident about a clear process with defined timelines in the context of a long term project with a first of a kind technology and the context of Government's policy changes. The Generator's obligation to mitigate should be clarified so that it cannot be argued to extend recommencing generation; (ii) a structured mechanism to provide information needs to be set out; and (iii) QSE proceedings should be settled in the Courts.
Sample 1
Qualifying Shutdown Event‌. Compensation (Condition 37A) Drafting inserted. The basis for calculating political shutdown compensation should be the net payments which, but for the political shutdown, would have been received by the generator. This is at the core of the concept of compensation – that the innocent party receives its losses. Again, the process should set out clear timelines on the provision of information and response deadlines and that any dispute as to the compensation amount should be submitted to an expert for determination. TLSB is seeking this change to the generic terms in the context of a long term project in a first of a kind technology and in the context of Government's policy changes. We would welcome the opportunity to discuss with DECC.
Sample 1

Related to Qualifying Shutdown Event‌

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • Qualifying Events In order to be eligible for COBRA continuation, you need to have experienced a Qualifying Event. A Qualifying Event is one of the events listed below which would result in loss of coverage if not for the COBRA continuation:

  • Dissolution Event If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

  • What if a Prohibited Transaction Occurs If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the Xxxxxxxxx Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.

  • Change of Control There occurs any Change of Control; or

  • Termination for Market Change (a) In the event of delay or interruption under B8.33, exceeding 90 days, and Contract has not been modified to include replacement timber, this contract may be terminated upon election and written notice by Purchaser, if (i) a rate redetermination for market change under B3.33 shows that the appraised weighted average Indicated Advertised Rate of all Included Timber remaining immediately prior to the delay or interruption has been reduced through a market change by an amount equal to or more than the the weighted average Current Contract Rate, or (ii) the appraised value of the remaining timber is insufficient to cover the adjusted base rates as determined under B3.33.

  • Liquidity Event If there is a Liquidity Event before the termination of this Safe, this Safe will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the “Cash-Out Amount”) or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the “Conversion Amount”). If any of the Company’s securityholders are given a choice as to the form and amount of Proceeds to be received in a Liquidity Event, the Investor will be given the same choice, provided that the Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor’s failure to satisfy any requirement or limitation generally applicable to the Company’s securityholders, or under any applicable laws. Notwithstanding the foregoing, in connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce the cash portion of Proceeds payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Proceeds payable to such Investor and (B) is applied in the same manner and on a pro rata basis to all securityholders who have equal priority to the Investor under Section 1(d). In connection with Section 1(b)(i) , the Purchase Amount will be due and payable by the Company to the Investor immediately prior to, or concurrent with, the consummation of the Liquidity Event. If there are not enough funds to pay

  • Flip-in Event (a) Subject to Subsection 3.1(b) and Section 5.1, in the event that prior to the Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective at the close of business on the tenth Trading Day after the Share Acquisition Date, the right to purchase from the Company, upon exercise thereof in accordance with the terms hereof, that number of Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurred).

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Whenever an Event of Default shall have happened and be subsisting, in addition to any other rights or remedies provided herein, the Note, by law or otherwise:

Time is Money Join Law Insider Premium to draft better contracts faster.