Default Call definition

Default Call means a Call in respect of which:
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Default Call means a Call in respect of which the Provider breaches clause 4.1 or that is deemed to be a Default Call under clause 9.5. Determination means, for a Call, Transpower’s determination of the quantity of DR provided in response to the Call. DR means demand-side response by way of the reduction of gross demand and/or the provision of non-market generation when called.
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Default Call has the meaning set forth in Section 4.3(d)(i).
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Examples of Default Call in a sentence

  • Fairfax India may nominate an Affiliate and/or third Person(s), for the purpose of the exercise of the Default Call Option and in such case such Person(s) shall be the Default Option Holder(s).


More Definitions of Default Call

Default Call shall have the meaning provided in Section 8.7.
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Related to Default Call

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.