Causal Event definition

Causal Event. , in relation to a policy, means one of the following events:
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Causal Event means – 2.1.5.1 a compromise, scheme of arrangement or composition by the Service Provider with any or all of its creditors; or 2.1.5.2 liquidation of the Service Provider or placement of the Service Provider under judicial management, whether provisionally or finally; or 2.1.5.3 the placement of the Service Provider under business rescue proceedings or any similar administration, whether voluntarily or upon application by a third party; or 2.1.5.4 a cessation, or a reasonable prospect of cessation (as the case may be), of the carrying on of the Service Provider's normal line of business; or 2.1.5.5 the commission of any act or any omission which if it had been done or omitted to be done by a natural person would be an act of insolvency in terms of the Xxxxxxxxxx Xxx, 0000, whether or not the Service Provider is subject to the laws of the republic of South Africa; 2.1.5.6 the existence of circumstances which would allow for the Service Provider to be subject to any winding up (whether provisional or final), judicial management, dissolution, or business rescue proceedings (whether voluntary or upon application by a third party) (or, in respect of all the foregoing, any analogous arrangements under any law to which the Service Provider is subject) of the Service Provider under any law to which the Service Provider is subject regulating the bankruptcy, insolvency, winding up, judicial management, dissolution or rescue of corporate entities; 2.1.5.7 any disposal by the Service Provider of the whole or the greater part of its undertaking or assets (measured by value), including by way of a merger or amalgamation; or 2.1.5.8 subsequent to the Service Provider signing this Agreement, any person acquiring Control of the Service Provider;
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Causal Event means – a compromise, scheme of arrangement or composition by the Service Provider with any or all of its creditors; or LIQUIDATION OF THE SERVICE PROVIDER OR PLACEMENT OF THE SERVICE PROVIDER UNDER JUDICIAL MANAGEMENT, WHETHER PROVISIONALLY OR FINALLY; OR THE PLACEMENT OF THE SERVICE PROVIDER UNDER BUSINESS RESCUE PROCEEDINGS OR ANY SIMILAR ADMINISTRATION, WHETHER VOLUNTARILY OR UPON APPLICATION BY A THIRD PARTY; OR A CESSATION, OR A REASONABLE PROSPECT OF CESSATION (AS THE CASE MAY BE), OF THE CARRYING ON OF THE SERVICE PROVIDER'S NORMAL LINE OF BUSINESS; OR THE COMMISSION OF ANY ACT OR ANY OMISSION WHICH IF IT HAD BEEN DONE OR OMITTED TO BE DONE BY A NATURAL PERSON WOULD BE AN ACT OF INSOLVENCY IN TERMS OF THE INSOLVENCY ACT, 1936, WHETHER OR NOT THE SERVICE PROVIDER IS SUBJECT TO THE LAWS OF THE REPUBLIC OF SOUTH AFRICA; THE EXISTENCE OF CIRCUMSTANCES WHICH WOULD ALLOW FOR THE SERVICE PROVIDER TO BE SUBJECT TO ANY WINDING UP (WHETHER PROVISIONAL OR FINAL), JUDICIAL MANAGEMENT, dissolution, or business rescue proceedings (whether voluntary or upon application by a third party) (or, in respect of all the foregoing, any analogous arrangements under any law to which the Service Provider is subject) of the Service Provider under any law to which the Service Provider is subject regulating the bankruptcy, insolvency, winding up, judicial management, dissolution or rescue of corporate entities; ANY DISPOSAL BY THE SERVICE PROVIDER OF THE WHOLE OR THE GREATER PART OF ITS UNDERTAKING OR ASSETS (MEASURED BY VALUE), INCLUDING BY WAY OF A MERGER OR AMALGAMATION; OR SUBSEQUENT TO THE SERVICE PROVIDER SIGNING THIS AGREEMENT, ANY PERSON ACQUIRING CONTROL OF THE SERVICE PROVIDER;
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Examples of Causal Event in a sentence

  • If a Causal Event occurs, SANBS shall be entitled, but not obliged, to terminate this Agreement on written notice to the Service Provider, in which event such termination shall be without any liability to SANBS and without prejudice to any claims which SANBS may have for damages against the Service Provider.

  • Overlap between EVs and EMs As represented in Figure 5, EVs are licensed when the speaker tries to profile the portion of perception of evidence, for sure, and/or that of the origo’’s cognitiveEvidentials and Epistemic Modals in a Causal Event Structure processes of inference.

  • EV just encodes primarily the type of information source, and speaker certainty is either made explicit with a modal expression or determined pragmatically from what is known about that source (Speas 2008: 952).The critical cue for this claim is, first of all, whether pragmatic implicatureEvidentials and Epistemic Modals in a Causal Event Structure involved in usages of EV is defeasible or not.

  • Next, a Causal Event changes the state of the environment (“oat milk“ “almond milk”).

  • SCAMP’s entities are: • Groups to which agents can belong • Event types, organized into a directed graph (a Causal Event Graph, or CEG) that forms a narrative space [10].

  • SCAMP’s central modeling construct is the Causal Event Graph (CEG), a directed graph whose nodes represent different types of events, based on our previous work on narrative spaces [24,30].

  • This has been defined as the date on which the benefits contained in the contract are fullyavailable to the policy holder.Policy termIn years or “1000” for whole life Causal Event DateFormat: “yyyy/mm/dd”.

  • The current implementation has two graphs over which agents make choices (a Causal Event Graph and a Geospatial Lattice), and a third set of graphs (Hierarchical Goal Networks) showing the goals of various groups.

  • In SCAMP, the heart of this environment is a Causal Event Graph (CEG) inspired by narrative graphs.

  • The fundamental dynamic of SCAMP is agent choice over alternatives, and the main alternatives are recorded in a Causal Event Graph (CEG), a directed graph whose nodes are event types.


More Definitions of Causal Event

Causal Event means; (i) a compromise or composition or threatened compromise or composition by the Supplier with its creditors; (ii) provisional or final liquidation of the Supplier or placement of the Supplier in judicial management, whether provisionally or finally; (iii) in circumstances where there is a default or cessation or a reasonable prospect of default or cessation (as the case may be) of the Supplier's normal line of business; (iv) commitment of any act or omission which would, in the case of an individual, be an act of insolvency in terms of the Insolvency Act, 1936 (as amended); (v) disposal by the Supplier of a material portion of its undertaking or assets; or (vi) any change in the control or material change in the shareholding of the Supplier. The Causal Events set forth in sub clauses (iv), (v) and (vi) are subject to the further qualification that they shall only be considered Causal Events where PetroSA, acting in good faith, considers such events to be detrimental to it for sound business reasons.
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Causal Event means – a compromise, scheme of arrangement or composition by the Service Provider with any or all of its creditors; or liquidation of the Service Provider or placement of the Service Provider under judicial management, whether provisionally or finally; or the placement of the Service Provider under business rescue proceedings or any similar administration, whether voluntarily or upon application by a third party; or a cessation, or a reasonable prospect of cessation (as the case may be), of the carrying on of the Service Provider's normal line of business; or the commission of any act or any omission which if it had been done or omitted to be done by a natural person would be an act of insolvency in terms of the Xxxxxxxxxx Xxx, 0000, whether or not the Service Provider is subject to the laws of the republic of South Africa; the existence of circumstances which would allow for the Service Provider to be subject to any winding up (whether provisional or final), judicial management, dissolution, or business rescue proceedings (whether voluntary or upon application by a third party) (or, in respect of all the foregoing, any analogous arrangements under any law to which the Service Provider is subject) of the Service Provider under any law to which the Service Provider is subject regulating the bankruptcy, insolvency, winding up, judicial management, dissolution or rescue of corporate entities; ANY DISPOSAL BY THE SERVICE PROVIDER OF THE WHOLE OR THE GREATER PART OF ITS UNDERTAKING OR ASSETS (MEASURED BY VALUE), INCLUDING BY WAY OF A MERGER OR AMALGAMATION; OR SUBSEQUENT TO THE SERVICE PROVIDER SIGNING THIS AGREEMENT, ANY PERSON ACQUIRING CONTROL OF THE SERVICE PROVIDER;
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Causal Event. , in relation to a contract, means one of the following events:
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Causal Event means (i) a compromise or composition or threatened compromise or composition by a Party with its creditors; (ii) provisional or final liquidation of a Party or the placement of a Party under judicial management, whether provisionally or finally; (iii) in circumstances where there is a default or cessation or a reasonable prospect of default or cessation (as the case may be) of a Party’s normal line of business; (iv) commitment of any act or omission which would, had that Party been an individual, be an act of insolvency in terms of the Insolvency Act, 1936 (as amended); (v) disposal by Spike of a material portion of its undertaking or assets which may impact on its ability to render the Services; (vi) The Client becomes aware that that Spike is Financially Distressed; (vii) Spike is contemplating, considering, discusses or agrees to any Business Rescue or proposes to do any of these things or (vii) any person is proposing to take, or taking, any step to apply to court or actually applies to court for the Business Rescue of Spike;
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Causal Event means (i) a compromise or composition or threatened compromise or composition by the Service Provider with its creditors; (ii) provisional or final liquidation of the Service Provider or placement of the Service Provider in judicial management, whether provisionally or finally; (iii) in circumstances where there is a default or cessation or a reasonable prospect of default or cessation (as the case may be) of the Service Provider's normal line of business; (iv) commitment of any act or omission which would, in the case of an individual, be an act of insolvency; (v) disposal by the Service Provider of a material portion of its undertaking or assets; or
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Related to Causal Event

  • Material Event or “Material Information” shall mean such event or information as set out in the Schedule or as may be determined in terms of Clause 3 of the Policy. In the Policy, the words, “material” and “materiality” shall be construed accordingly.

  • Special Event means any of a Tax Event, an Investment Company Event or a Capital Treatment Event.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Medical event means an improper administration of radiation or radioactive material to a patient or human research subject that requires reporting to the department.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Put Event means the occurrence of:

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Delay Event means: (i) a tsunami, flood, cyclone, earthquake, bushfire or other act of nature; (ii) riot, civil commotion, war, invasion or a terrorist act; (iii) an imminent threat of an event in paragraphs (i) or (ii); or (iv) compliance with any lawful direction or order by a Government Agency;

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Knock Out Event means the event as defined in §4(4).

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • 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.

  • Book-Up Event means an event that triggers a positive adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Release Event has the meaning set forth in Section 6(b).

  • Public event means any event that can be attended by the

  • Significant Event means any Amortization Event or Event of Default.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Terminating Event means any of the following events:

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • 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:

  • Cause Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Dealer Manager, (2) a representation or warranty made by the Dealer Manager herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Dealer Manager of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Dealer Manager by the Company.

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.