Compliance Breach definition

Compliance Breach means, as applicable in relation to the test being conducted, the failure of a Portfolio to comply with any of the Investment Criteria specified for such Portfolio in the applicable Test Matrix or the Service Level Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Compliance Breach has the meaning set forth in Section 22.15.

Compliance Breach has the meaning given in Clause 26.1;

Examples of Compliance Breach in a sentence

• Seller shall indemnify and hold harmless Purchaser from any claims, costs, liabilities, obligations, and damages Purchaser incurs (including, without limitation, for the fees of any legal counsel Purchaser may retain or engage) as a result of the Compliance Breach.

• Licensee shall promptly notify Fox of any Compliance Breach or Security Breach (as defined below) of which it becomes aware, shall use commercially reasonable efforts to remedy and fix the Compliance Breach or Security Breach and shall provide Fox with (a) a detailed description of the Compliance Breach or Security Breach, and (b) regular updates on the status of all efforts to remedy and fix such Compliance Breach or Security Breach.

• Upon delivery of a Suspension Notice, the Parties will work to develop a mutually acceptable remediation plan to address the applicable Compliance Breach or Compliance Finding.

• In the event of a Material Compliance Breach in respect of a Member, such breaching Member shall indemnify and hold harmless the Company and the other Members (and their respective Affiliates), from and against any Losses arising as a result of such Material Compliance Breach.

• Subject to the terms and conditions of the Pooling and Servicing Agreement, nothing in this Section 3.02(j) shall restrict the Company from electing, in its own discretion, to remedy, any Compliance Breach prior to the occurrence of a Realized Loss or possible Realized Loss.

More Definitions of Compliance Breach

Compliance Breach means any failure by Licensee or any Authorized Third Party to comply with any requirement of this Schedule; and "Security Breach" means a hack, circumvention, deactivation, failure or degradation of the functionalities of the Program Service, Authorized Application, Authorized Servers, Security Solution, Permitted Device, signal security, geo-filtering and/or any other content protections of the Program Service which, in Fox’s good faith reasonable judgment, may materially compromise the secure transmission, delivery or use of Licensed Programs or result in unauthorized distribution, use of and/or access to the Licensed Programs.

Compliance Breach means […***…].

Compliance Breach means a finding by a Regulatory Authority that Licensee or any of its Representatives, Affiliates, Sublicensees, or Subcontractors has committed a violation of Applicable Law in connection with its activities under this Agreement. 1.49 “Compliance Finding” means any findings in an audit conducted by or on behalf of Licensor in accordance with Section 12.8.2 (Compliance Audits), or information otherwise learned by Licensor, which findings or information reasonably indicate that there has been or will reasonably likely be a violation or a pattern of violations by Licensee or its Representatives,

Compliance Breach as used herein means any failure by Licensee or an Authorized Third Party to comply with any security, content protection or anti-piracy requirement or restriction that applies to the Licensed Programs.

Compliance Breach means a finding by a Regulatory Authority that Licensee or any of its Representatives, Affiliates, Sublicensees, or Subcontractors has committed a violation of Applicable Law in connection with its activities under this Agreement. 1.39 “Compliance Finding” means any findings in an audit conducted by or on behalf of Licensor in accordance with Section 12.8.2 (Compliance Audits), or information otherwise learned by Licensor, which findings or information reasonably indicate that there has been or will reasonably likely be a violation or a pattern of violations by Licensee or its Representatives, Affiliates, Sublicensees, or Subcontractors of either (i) Applicable Law or (ii) the covenants set forth in Sections 12.4.4 through 12.4.7 or 12.6 (Export Controls). 1.40 “Confidential Information” means, with respect to a Party, except as otherwise expressly provided in this Agreement, all information (including chemical or biological materials, chemical structures correspondence, customer lists, data, formulae, improvements, inventions, Know-How, processes, Regulatory Approvals, Regulatory Submissions and other regulatory filings, reports, strategies, techniques or other information) that is disclosed by or on behalf of such Party or any of its Affiliates to the other Party or any of its Affiliates pursuant to this Agreement or the Confidentiality Disclosure Agreement, regardless of whether any of the foregoing are marked “confidential” or “proprietary” or communicated to the other Party by or on behalf of the Disclosing Party in oral, written, visual, graphic or electronic form. 1.41 “Confidentiality Disclosure Agreement” means the Mutual Nondiclosure Disclosure Agreement by and between the Parties dated May 31, 2022 (as amended from time to time). 1.42 “Control” or “Controlled” means the possession by a Party (whether by ownership, license, or otherwise other than pursuant to a license granted under this Agreement) of,

Compliance Breach has the meaning given that term in Annex 1.

Compliance Breach shall have the meaning assigned to such term in Section 8.2. “Confidential Information” shall have the meaning assigned to such term in Section 12.1. “Control” means, with respect to the relationship between two or more Persons, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, as trustee or executor, by contract or otherwise. The terms “Controlled” or “under common Control with” have correlative meanings. “Customer” is the end-use customer for any Battery Energy Storage Solutions proposed as part of a project owned by AES Entity. “Dispute” shall have the meaning assigned to such term in Section 13.1. “Effective Date” has the meaning set forth in the Preamble hereto. “Fluence” has the meaning set forth in the Preamble hereto. "Fluence Entity" shall mean either Fluence or an Affiliate of Fluence, as the case may be. “Fluence Representative” shall have the meaning assigned to such term in Section 6.1. “Government Official” shall mean any officer or employee or family member of an officer or employee of a government, department (whether executive, legislative, judicial or administrative), agency or instrumentality of such government, or any person acting in an official