Authority Events of Default definition

Authority Events of Default shall have the meaning ascribed to the term in Article 38.1.4 of the Agreement;
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Authority Events of Default has the meaning given in Clause 39.1;
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Authority Events of Default means any or all of the events that are listed at Article 15.2.
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Examples of Authority Events of Default in a sentence

  • The Authority will reimburse Project Co for all reasonable costs incurred by Project Co in exercising any of its rights (including any relevant increased administrative expenses, interest expenses during Construction and actual legal and other expenses) under this Section 13 (Authority Events of Default).

  • The Authority will reimburse Project Co for all reasonable costs incurred by Project Co in exercising any of its rights (including any relevant increased administrative expenses, interest expenses during construction and actual legal and other expenses) under this Section 13 (Authority Events of Default).

  • Subject to Clause 31 (Authority Events of Default) and any other express right of hubco pursuant to this Agreement, xxxxx's sole remedy in respect of any breach of this Agreement which is a Compensation Event shall be pursuant to Clause 22 (Delay Events).

  • If the Authority fails to cure any of the Authority Events of Default within sixty (60) Days after receipt from Virgin of a written notice of an Event of Default, Virgin will have the right to terminate this Lease by sending the Authority a Notice of Termination.

  • If this Agreement is terminated pursuant to Clause 39 (Authority Events of Default), then the Authority shall pay compensation to Project Co in accordance with Section 1 (Compensation on Termination for Authority Default and Voluntary Termination) of Schedule Part 17 (Compensation on Termination).

  • Subject to Clause 39 (Authority Events of Default) and any other express right of Project Co pursuant to this Agreement, Project Co's sole remedy in respect of any breach of this Agreement which is a Compensation Event shall be pursuant to Clause 29 (Delay Events).

  • If the Authority fails to cure any of the Authority Events of Default within ninety (90) days after receipt of a written notice of an Event of Default, EXOS will have the right to terminate this Lease by sending the Authority a Notice of Termination.

  • During the term of Executive’s employment, he shall devote his time, attention and efforts, on a full-time basis at the Company’s Bellevue headquarters or on Company approved business travel for the business and affairs of the Company and shall use his best efforts to achieve the full and complete implementation of the Company’s business plan.

  • If this Agreement is terminated pursuant to Clause 39 (Authority Events of Default), then the Authority shall pay compensation to Sub-hubco in accordance with Section 1 (Compensation on Termination for Authority Default and Voluntary Termination) of Schedule Part 17 (Compensation on Termination).

  • That plan might include some or all of the following: - A re-start company (if required), - Reducing staff numbers, - A company restructure which eliminates the existing debt burden of VAT, PAYE, Corporation Tax, trade creditors etc, - Closing unprofitable units, - Leaving behind burdensome property leases, - Leaving behind costly hire purchase, lease purchase, leasing, rental or contract hire agreements, or - Terminating unprofitable contracts.


More Definitions of Authority Events of Default

Authority Events of Default shal have the meaning ascribed to the term in Article 38.1.4 of the Agreement;
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Related to Authority Events of Default

  • Events of Default has the meaning specified in Section 6.01.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Event of Default has the meaning specified in Section 8.01.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.