Significant Events Sample Clauses
The 'Significant Events' clause defines and addresses major occurrences that could impact the parties' obligations or the overall execution of the agreement. Typically, this clause outlines what constitutes a significant event—such as natural disasters, regulatory changes, or major financial shifts—and describes the procedures to follow if such an event occurs, including notification requirements and possible renegotiation or suspension of obligations. Its core function is to provide a clear framework for managing unforeseen, impactful events, thereby reducing uncertainty and allocating risk between the parties.
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Significant Events. As soon as possible and in any event within two (2) Business Days after a Responsible Officer becomes aware of the occurrence of each Event of Default, each Unmatured Event of Default and each Servicer Termination Event, a written statement, signed by a Responsible Officer, setting forth the details of such event and the action that the Borrower proposes to take with respect thereto;
Significant Events. The MCO must notify the STATE as soon as possible of significant events affecting the level of service either by the MCO or its Medicare and Medicaid Providers or subcontractors. Such events include:
Significant Events. As soon as possible but in any event within one (1) Business Day after any officer of Borrower or Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant Event, Borrower or Servicer, as the case may be, will deliver to Administrator and Lender an officer's certificate of Borrower setting forth details of such event and the action that Borrower or Servicer, as the case may be, proposes to take with respect thereto.
Significant Events. The Subadviser will monitor the securities owned by the Series for potential significant events that could affect their values and notify the Trust when, in its opinion, a significant event has occurred that may not be reflected in the market values of such securities.
Significant Events. In accordance with the terms of the Plan the Committee may determine the occurrence of a “significant event” which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE Performance Goal or F.N.B.’s EPS Growth specified in this Agreement and therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE or F.N.B. EPS Growth measurement or other performance measurement as it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE Performance Goal or the earnings per common share measurements described in Section 3(c)(ii) hereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s capital structure during the Performance Period. Such “significant events” contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger related costs, non-recurring activities, and other comparable events.
Significant Events. Microsoft will provide communications to Customer regarding (1) the nature, common causes, and resolutions of Security Incidents and other circumstances that can reasonably be expected to have a material service impact on Customer’s use of the Online Services; (2) Microsoft risk-threat
Significant Events. Events that have significant impact on the work program shall be reported as soon as they become known. The type of events or conditions that require reporting include problems, delays or adverse conditions that materially affect the ability to attain program objectives. This disclosure shall be accompanied by a statement of the action taken or contemplated, and any state or federal assistance required resolving the situation.
Significant Events. The Servicer will furnish to the Administrative Agent and each Managing Agent, as soon as possible and in any event within two (2) Business Days after a Responsible Officer becomes aware of the occurrence of each Event of Default, each Unmatured Event of Default and each Servicer Termination Event, a written statement, signed by a Responsible Officer, setting forth the details of such event and the action that the Servicer proposes to take with respect thereto.
Significant Events. 5 Significant events may occur including, but not limited to: failure of equipment, 6 hazardous materials incident, regulatory actions, fires, earthquakes, floods, or labor 7 actions that detrimentally impact the CONTRACTOR’s operations, marketing, labor 8 relations and customer relations. CONTRACTOR will notify the City Representative 9 within two hours of any significant events that negatively impacts its ability to collect, 10 and dispose of the material. CITY considers any disruption of more than four hours to 11 be significant.
Significant Events. Definition