COVID-19 Impact definition

COVID-19 Impact means any loss, reduction or delay in receipt of income, or loss or reduction of employment attributable in whole or in part to COVID-19.

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COVID-19 Impact means the COVID-19 Event’s direct material impact on the financial results and operations of the Loan Parties and as disclosed to Bank.

COVID-19 Impact means (i) any closure or suspension of business, premises or operations of a Borrower or its Subsidiaries and/or any other material disruption to business or operations resulting from or in connection with any quarantine restrictions or social distancing measures, in each case, in accordance with any applicable laws and (ii) any changes to existing applicable laws, or the introduction of any material applicable laws (including any reasonable actions or steps taken by a Borrower or its Subsidiaries in response to such applicable laws) that relate to a Borrower’s or its Subsidiaries’ ability to conduct their business or operations as conducted as of December 31, 2019, in each case, relating to or in connection with or resulting from the coronavirus disease named Covid-19.

Examples of COVID-19 Impact in a sentence

• For the avoidance of doubt, the Current COVID-19 Impact does not give rise to a Force Majeure Event for the purposes of these G-Cloud 13 Terms and Conditions and the parties agree and acknowledge that neither party shall be entitled to recover from the other the cost, damage, loss or expense (including prolongation costs) arising or occasioned from such event of Force Majeure resulting from COVID-19.

• The Initiative is subject to rearrangement, including cancellation (in whole or part) at the sole discretion of the Organisation in the event of a Force Majeure or due to a COVID-19 Impact.

• Notwithstanding any other provision in these G-Cloud 13 Terms and Conditions, the parties confirm that they are aware of the COVID-19 pandemic and the guidance and restrictions arising as a result of such pandemic by the United Kingdom Government as at the date of the Contract (the Current COVID-19 Impact).

• Most recently, HCA has partnered with the Contractor to provide customized support and recommendations to support the expansion and integration of health and race equity across the Agency, conduct a COVID-19 Impact Analysis, and produce an Orange County Healthy Place Index profile for HCA.

• Notwithstanding any other provision under this Agreement, the Parties agree that they were aware of COVID-19 and that the existence of COVID-19 in itself shall not constitute a Force Majeure event save that a Change in COVID-19 Impact Event may be deemed to be a Force Majeure Event provided it satisfies the criteria set out in sub-paragraphs (g) to (k) (exclusive) of the definition of Force Majeure.

More Definitions of COVID-19 Impact

COVID-19 Impact means the financial or other impact on any relevant Person of COVID-19 including the threat or fear thereof, or response thereto, any resulting epidemic, pandemic, disease spread or outbreak, or other health crisis or public health event associated therewith (in each case whether now existing or arising in the future), or the continuation, evolution, resurgence or worsening thereof (including by reason of (i) any COVID-19 Measures (which for this purpose shall be deemed to include measures of any Governmental Body, whether mandatory or advisory, and any policies of relevant private parties related to COVID-19); or (ii) the scarcity or lack of availability of any services, materials or labor on commercially reasonable terms).

COVID-19 Impact means the impact on the financial results and operations of the University arising out of or otherwise relating to the COVID-19 Event.

COVID-19 Impact means any loss, reduc?on or delay in receipt of income, or loss or reduc?on of employment aMributable in whole or in part to COVID-19.

COVID-19 Impact means any adverse impact upon a member of the Group’s business, financial condition or assets as a direct or indirect result of the COVID-19 Pandemic, any COVID-19 Measures or any COVID-19 Restrictions.

COVID-19 Impact means any one of the following:

COVID-19 Impact means the impact on the financial results and operations of the Obligated Group or Obligated Group Members, as applicable, arising out of or otherwise relating to the COVID-19 Event.

COVID-19 Impact means the impact on the financial results and operations of the Loan Parties or any of them arising out of or otherwise relating to the COVID-19 Event, according to financial reports periodically prepared by the Loan Parties. Cure Amount is defined in Section 13.3. Debt of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all indebtedness evidenced by bonds, debentures, notes or similar instruments (including, without limitation, any notes issued to sellers in connection with an Acquisition), (c) all obligations of such Person as lessee under Capital Leases which have been or should be recorded as liabilities on a balance sheet of such Person in accordance with GAAP, (d) all obligations of such Person to pay the deferred purchase price of property or services (excluding trade accounts payable in the ordinary course of business), (e) all indebtedness secured by a Lien on the property of such Person, whether or not such indebtedness shall have been assumed by such Person; provided that if such Person has not assumed or otherwise become liable for such indebtedness, such indebtedness shall be measured at the fair market value of such property securing such indebtedness at the time of determination, (f) all obligations, contingent or otherwise, with respect to the face amount of all letters of credit (whether or not drawn), bankers' acceptances and similar obligations issued for the account of such Person (including the Letters of Credit), (g) all Hedging Obligations of such Person, (h) all Contingent Liabilities of such Person, (i) all Debt of any partnership of which such Person is a general partner, (j) all non-compete payment obligations, earn-outs and similar obligations and (k) any Capital Securities or other equity instrument, whether or not mandatorily redeemable, that under GAAP is characterized as debt, whether pursuant to financial accounting standards board issuance No. 150 or otherwise. Debt to be Repaid means Debt listed on Schedule 12.1.