Deemed Loss Event definition

Deemed Loss Event has the meaning assigned to that term in Appendix A to the Participation Agreements.

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Deemed Loss Event has the meaning specified in the Participation Agreement.

Deemed Loss Event means any of the following events (unless waived by the Owner Participant, which waiver shall be in writing and may be either indefinite or for a specified period):

Examples of Deemed Loss Event in a sentence

An Event of Loss or a Deemed Loss Event shall not have been declared.
FNB agrees that unless a Default or an Event of Default has occurred and is continuing or an Event of Loss or Deemed Loss Event has occurred, FNB will not amend any of the payment terms of any Note, or take any action to refund any Note after the date of issue thereof pursuant to the terms of this Participation Agreement and the Indenture without the prior written consent of the Lessee.
Any such election shall be irrevocable as to the Lessee, but no such election shall be binding on the Lessor if, on the effective date thereof, an Event of Default shall have occurred and be continuing or an Event of Loss or a Deemed Loss Event shall have occurred.
The Trustee shall give notice to the Holders of the occurrence of any event of default or default under any Lease Indenture, and of every Event of Loss, Deemed Loss Event or Financial Event occurring under a Lease (as such terms are therein defined), but only to the extent the same shall actually be known by a Responsible Officer.
In the event the Owner Trustee shall have actual knowledge of an Indenture Event of Default, an Event of Default, a Deemed Loss Event or an Event of Loss, the Owner Trustee shall give prompt written notice thereof to the Owner Participant, the Lessee and the Indenture Trustee.
Subject to the notice requirements set forth in Section 13(a), unless a Default or an Event of Default shall have occurred and be continuing or an Event of Loss or Deemed Loss Event shall have occurred, on the date of the expiration of the Basic Lease Term or the Renewal Term (if elected), the Lessee shall have the right to purchase the Undivided Interest and the Real Property Interest for a purchase price equal to the Fair Market Sales Value thereof.
The Trustee shall give notice to the Holders of the occurrence of any event of default or default under any Lease Indenture, and of every Event of Loss or Deemed Loss Event occurring under a Lease (as such terms are therein defined), but only to the extent the same shall actually be known by a Responsible Officer.
Such election shall be irrevocable as to the Lessee, but shall not be binding on the Lessor, if, on the effective date thereof, an Event of Default shall have occurred and be continuing or an Event of Loss or Deemed Loss Event shall have occurred and the Lessor shall have demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected.
Such election shall be irrevocable as to the Lessee, but shall not be binding on the Lessor if, on the effective date thereof, an Event of Default shall have occurred and be continuing or an Event of Loss or a Deemed Loss Event shall have occurred and the Lessor shall have demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected.
For purposes of this Section 7.1, neither the Owner Trustee nor the Indenture Trustee shall be deemed to have actual knowledge of any Indenture Event of Default, Event of Default, Deemed Loss Event or Event of Loss unless it shall have received notice thereof pursuant to Section 11.6 hereof or such Indenture Event of Default or Event of Default shall actually be known by an officer in the corpor4te trust department of the Owner Trustee or by an.

More Definitions of Deemed Loss Event

Deemed Loss Event. With respect to any change enacted after the date hereof in the Price-Anderson Act, the Atomic E▇▇▇▇▇ ▇▇▇ ▇▇ ▇ny other Applicable Law, or the regulations of the NRC (or other Governmental Authority having jurisdiction) implementing any such change, which would otherwise constitute a Deemed Loss Event by virtue of clause (2) of such definition, we hereby waive such Deemed Loss Event for all purposes of the Facility Lease and the other Transaction Documents if, but only if, after giving effect to such change or interpretation:

Deemed Loss Event means the following event: if at any time during the term of the Lease Agreement, (A) the Company, by reason solely of the ownership of the Nuclear Material or any part thereof or the lease of the Nuclear Material to the Lessee under the Lease Agreement, or the Company or any Secured Party, by reason solely of any other transaction contemplated by the Lease Agreement or any of the other Basic Documents, shall be deemed, by any governmental authority having jurisdiction, to be, or to be subject to regulation as an "electric utility" or a

Deemed Loss Event means any of the following events (unless waived by the Owner participant which waiver shall be in writing and may be either indefinite or for a specific period): (1) if at any time after the Closing Date and before the. Lease Termination Date, the Owner Trustee or the Owner Participant, by reason of the ownership of the Undivided Interest or the Real Property Interest or any part thereof by the Lessor (or any beneficial interest therein by the Owner Participant) or the lease of the Undivided Interest or the Real Property Interest to the Lessee or any of the other transactions contemplated by the Transaction Documents (the Owner Participant, as used in this definition, not including any Transferee who at the time of transfer to such Transferee is a non-exempt entity of the type referred to in this definition, whether by reason of such ownership, lease, transactions or otherwise) shall be deemed by any Governmental Authority having jurisdiction to be, or shall become subject to regulation (other than non-Burdensome Regulation) as, an "electric utility", an "electric utility company", a "public utility", a "public utility company", a "holding company" or a "public utility holding company" under any Applicable Law or by reason of any Governmental Action, and the effect thereof on the Lessor or the Owner Participant would be, in the sole judgment of either such Person, acting on advice of counsel, adverse, and the Owner Trustee and the Owner Participant have not waived application of this definition; except that if the Lessee, at its sole cost and expense, is contesting diligently and in good faith any action by any Governmental Authority which would otherwise constitute a Deemed Loss Event under this clause (1) , such Deemed Loss Event shall be deemed not to have occurred so long as (i) such contest does not involve any danger of the foreclosure, sale, forfeiture or loss of, or the creation of any Lien on, the Undivided Interest, the Real Property Interest or any part thereof or any interest therein, (ii) such contest does not adversely affect the Undivided Interest, the Real Property Interest or any part