Relevant Events Sample Clauses

Relevant Events. Clause 2.20.2.3 At the end of the clause insert: "or unless the opening up for such inspection or test was reasonably required by reason of any similar equivalent or associated works, materials or goods only shown by a previous inspection or test not be in accordance with this Contract but such additional opening up shall be reasonable in its extent". Clause 2.20.7 At the end of the clause insert: "provided that the Contractor shall have supplied any information required, placed any necessary orders and otherwise performed his obligations under this Contract in respect of the Works as soon as reasonably practicable after the date of this Contract so as not to delay or disrupt the Statutory Undertaker in relation to the Works." Clause 2.20.11 At the end of the clause insert: "provided that any such strike, lock out or local combination of workmen affecting any of the trades is not specific to either the Works, the Site or the Contractor."

Relevant Events. Subject to clause 4.2, either party may terminate this Agreement by giving notice to the other party before Completion if any condition referred to in clause 3.1 (other than those conditions in clauses 3.1(g) or (h)) is not satisfied or waived on or before the day that is nine months after the date of this Agreement. Asset Transfer Agreement

Relevant Events. (a) If the Bidder considers that a Prescribed Occurrence of the nature set out paragraph 15(c) of Schedule One (“Relevant Event”) may have occurred: (i) the Bidder must promptly notify Pushpay of that fact, which notice must set out reasonable details of the Bidder’s reasons for considering that the Relevant Event may have occurred; and (ii) the Bidder and Pushpay, each acting reasonably and in good faith, must consult as to whether a Relevant Event has occurred for a period of at least 20 Business Days or, if shorter, until 5.00pm on the day before the Implementation Date. (b) The Bidder must not terminate this Agreement under clause 16.11 on the basis that a Relevant Event has occurred unless: (i) it has complied with its obligations under clause 16.16(a); and (ii) at the expiry of the period referred to in clause 16.16(a)(ii), the Bidder, acting in good faith, including having regard to the factors set out in the Disclosure Letter and having taken advice from external legal advisers with relevant specialist expertise, considers that the Relevant Event has occurred.

Relevant Events. In clause 2.29.2.1 delete “3.16 (excluding an instruction for expenditure of a Provisional Sum for defined work)”. In Clause 2.29.2.2 - after the words “inspection or test” in line 2 insert the words “or series thereof

Relevant Events. 5.1 If any Minority Shareholder deals or purports to deal with any of his/its Shareholding in contravention of the provisions of clause 4 or otherwise breaches his/its obligations under this Agreement, Marsau Uruguay (upon becoming aware of this) shall be entitled (but not obliged) to serve notice on that Minority Shareholder and the other Shareholders that a Relevant Event has occurred as at the date of such notice, in which event the provisions of clause 6.2(b) shall apply. 5.2 If: (a) any Employee Shareholder is dismissed from his Employment; (b) any Employee Shareholder dies or is adjudged permanently incapacitated by mental disorder, ill health, accident or otherwise; (c) (with respect to any Employee Shareholder) any of the following events happens: (i) such person is unable to pay his debts as they fall due or makes any formal declaration of bankruptcy or any formal statement to the effect that it or he is insolvent or likely to become insolvent; or (ii) it becomes unlawful in any jurisdiction to which such person is subject for the time being or impossible (1) for such person to discharge any liability under this Agreement or to comply with any other obligation which Marsau Uruguay or ABC considers material under this Agreement or (2) for Marsau Uruguay or ABC to exercise or enforce any right under, or to enforce any security interest created by, this Agreement; or (iii) any material provision of this Agreement proves to have been or becomes invalid or unenforceable, or a security interest created by this Agreement proves to have been or becomes invalid or unenforceable; or (iv) any other event occurs or any other circumstances arise or develop including, without limitation, a material change in the financial position of such person or there is a significant risk that such person is unable to discharge its or his liabilities under this Agreement as they fall due, a Relevant Event shall be deemed to have occurred on the date such dismissal, death or incapacitation became effective or such event happened.

Relevant Events. For the purpose of Section 8.3, a “Relevant Event” is committed by a party if: (a) such party fails to perform its obligations under this agreement and such failure continues (b) any of the following events occur: to a party: (i) a distress, execution, sequestration or other process is levied or enforced upon or sued out against a material part of its property which is not discharged within 30 days; (ii) it ceases wholly or substantially to carry on its business, otherwise than for the purpose of a reconstruction, without the prior written consent of the other party (such consent not to be unreasonably withheld or delayed); (iii) the appointment of a liquidator, receiver, administrator, examiner, trustee or similar officer of such party over all or substantially all of its assets; or (iv) an application or petition for bankruptcy, corporate re-organization, composition, administration, examination, arrangement is filed, and is not discharged within 30 days, or a party applies for or consents to the appointment of a receiver, administrator, examiner or similar officer of it or of all or a material part of its assets, rights or revenues.

Relevant Events. This table should include all MPS and MCS failures that created an incremental liability with an NPV in excess of £100,000 (adjusted for inflation) and as contemplated by in clause 7 of the Nuclear Liabilities Funding Agreement and clause 4 of the Historic Liabilities Funding Agreement.

Relevant Events. The list of Relevant Events have changed. Lets start with some easy changes. o The inability to secure labour or materials has been deleted. o Civil commotion added to the terrorism provision. o The addition of the exercise of Statutory Power by UK Government. • Now for one that as a Lawyer, I would say is quite a radical change at clause 2.20.6: o “any impediment, prevention or default, whether by act or omission, by the Employer…..” The JCT do not say much about this change, but it is fundamental. • The other significant change that effects time and completion of the Works is the standardisation of Sections into this Intermediate Form. • The JCT have maintained the IFC98 position that in the period from the current Completion date up to Practical Completion the Architect or Contract Administrator can only give an extension of time for events for which the Employer is responsible (namely the first 6 events only).

Relevant Events. Celestica may choose not to proceed with the Merger if any of the following relevant events occurs before the effective date of the Scheme: o a material breach by Omni of its pre-merger obligations or representations and warranties;

Relevant Events. 4.7.1.1 Relevant Event means any of the following events: (a) the implementation at Financial Close of the Base Interest Rate fluctuation and Credit Spread Risk Mitigation process pursuant to Section 3.2.3 (Base Interest Rate Fluctuation and Credit Spread Risk Mitigation); (b) the implementation of any mitigation actions set forth in Section 3.4.2; (c) a Compensation Event for which LAWA owes (i) Incremental Costs or (ii) Delayed Payment Compensation pursuant to Sections 14.1.4 (Incremental Costs) and 14.1.5 (Delayed Payment Compensation), respectively, which XXXX has elected to pay as an adjustment to the Availability Payments over the Term; (d) an event for which XXXX is entitled to compensation from Developer pursuant to Section 16.2 (LAWA Remedies for Developer Default); (e) a Refinancing resulting in a Refinancing Gain to which LAWA is entitled to a share pursuant to Section 4.5 (Refinancing Gain); and (f) any amendments to the Contract Documents that the Parties agree has a material effect on the Financial Model, including any amendments agreed to by the Parties between the Financial Proposal Due Date and Financial Close. 4.7.1.2 Whenever a Relevant Event occurs (except as otherwise provided in this Agreement or where the Parties mutually agree otherwise), the financial consequence shall be determined in accordance with this Section 4.7.