Current Violation definition

Current Violation has the meaning specified in Section 3.7 hereof.
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Examples of Current Violation in a sentence

  • Such violation constitutes a Default and would, with the passage of time, constitute an Event of Default under Section 8.01(d) of the Credit Agreement (the "Current Violation").

  • The Company has requested that the Lenders waive the Default that has occurred and any Event of Default that may have occurred under Section 8.01(d) of the Credit Agreement as a result of the Current Violation.

  • Effective as of the Amendment Effective Date (as defined below), and subject to the terms and conditions set forth in this Amendment, the Lenders hereby waive the Default and the Event of Default under Section 8.01(d) of the Credit Agreement that has occurred solely as a result of the Current Violation.

  • Almost 30% of the cells expelled in the first 4 h of bleaching conditions were inactive, by 8 h, this decreased to 19% and by 12 h, it was 9% of the population of expelled cells was inactive.

  • Fines for uncorrected violations are published on the Current Violation Chart and are subject to change.‌ Policy on Proper Reporting of Closed TransactionsPurpose.

  • Violations of Rule or Policy: Subject to Current Violation Policy‌A.

  • Effective as of the First Amendment Effective Date (as defined below), and subject to the terms and conditions set forth in this First Amendment, the Lenders hereby waive the Event of Default that exists under Section 11.1(c) of the Credit Agreement that has occurred solely as a result of the Current Violation.

  • Table 3.1 Example of Current Violation Report Table 3.2 Example of Voltage Violation Report For every selected time frame, a visual representation of grid states can be generated, like in Figure 3.2 below.

Related to Current Violation

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Environmental Violation means, with respect to the Property, any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law.

  • Event of Noncompliance means any one of the following events:

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Barrier Event means that R (final) is lower than the Barrier.

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Environmental Activity means any activity, event or circumstance in respect of a Contaminant, including, without limitation, its storage, use, holding, collection, purchase, accumulation, assessment, generation, manufacture, construction, processing, treatment, stabilization, disposition, handling or transportation, or its Release, escape, leaching, dispersal or migration into the natural environment, including the movement through or in the air, soil (land surface or subsurface strata), surface water or groundwater;

  • criminal activity means any kind of criminal involvement in the commission of the following serious crimes:

  • Violation means the failure of a structure or other development to be fully compliant with the community's floodplain management regulations. A structure or other development without the elevation certificate, other certifications, or other evidence of compliance required in Articles 4 and 5 is presumed to be in violation until such time as that documentation is provided.

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

  • Notice of Violation means a written notice prepared by an enforcement official that informs a responsible person of code violations and orders them to take certain steps to correct the violations.