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Customer Event of Default definition

Customer Event of Default has the meaning indicated in Section 12.
Customer Event of Default means any failure by the Customer to comply with this Model Standing Offer including, but not limited to any one or more of the following:
Customer Event of Default is defined in Section 18.1.

Examples of Customer Event of Default in a sentence

  • The Freight Customer shall notify Network Rail promptly on becoming aware of the occurrence of a Freight Customer Event of Default.

  • Network Rail may serve a Suspension Notice where a Freight Customer Event of Default has occurred and is continuing.

  • The soil treatment and dispersal system must be protected from erosion and excessive frost until a vegetative cover is established.

  • If Customer fails to return the CPE within the above time period, then such failure shall constitute a Customer Event of Default hereunder and Cause under the Master Terms.

  • The Broker may also disclose such information to Cloud Provider(s) as set out in this CPA, for example if such information has relevance to Broker’s notification to Cloud Provider(s) of a Customer Event of Default.

  • If ILPI is unable to remedy a Customer Event of Default within ninety (90) days after receipt of a Notice of Customer Default, PSPEI may terminate the PSA and ILPI shall be liable to pay a termination fee (defined in the PSA as "Termination Payment") equivalent to seventy-five percent (75%) of the net present value of the adjusted Capital Recovery Fees multiplied by the Contracted Capacity for the remaining term of the PSA had it not been terminated.

  • A Suspension Notice served under paragraph 2.3 in respect of any of the Freight Customer Events of Default specified in paragraphs (a) and (c) to (f) (inclusive) of paragraph 1.1 shall, so far as reasonably practicable, apply only to the: railway vehicles; Services; and categories of train movements or railway vehicles, or parts or part of them, to which the relevant Freight Customer Event of Default relates.

  • This Service Agreement will be terminated automatically, unless the Parties mutually agree otherwise, upon termination of the TSA for any reason other than a Customer Event of Default (as defined in the TSA).

  • Notwithstanding the foregoing, if a Host Customer Event of Default has occurred or is ongoing under Article 12 of this Agreement, then System Owner shall retain title to and utilize the Output generated after such Host Customer Event of Default, in accordance with the remedies set forth in this Agreement.

  • If there is an alleged Customer Event of Default as provided above, then CUSTOMER shall have an opportunity to cure such Customer Event of Default as provided for herein.


More Definitions of Customer Event of Default

Customer Event of Default has the meaning ascribed thereto in Section 16.02;
Customer Event of Default has the meaning given to it in Section 10.1 of Schedule 1;
Customer Event of Default has the meaning indicated in Section 12. “Customer Group” means, collectively, Customer, its parents and Affiliates, its Agents, and its and their respective managing members, general and limited partners, officers, directors, employees, and other representatives.

Related to Customer Event of Default

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

  • 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).

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

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

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

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

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • 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.

  • Servicer Event of Default One or more of the events described in Section 7.01.

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

  • 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.

  • 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)).

  • 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:

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

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

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

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

  • 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.

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

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

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

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

  • 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.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

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

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