Escalation Event definition

Escalation Event means (i) any event of default for a failure to make payment when due under the principal credit facility of Westrock or (ii) the failure of Westrock to redeem all Westrock Series A Preferred Shares that the holders thereof have elected for redemption.
Sample 1Sample 2Sample 3
Escalation Event means (i) any event of default for a failure to make payment when due under the principal credit facility of the Corporation (which on the date hereof is the WF Credit Facility) (after giving effect to any waiver, forbearance or grace period) or (ii) the occurrence of a Blocked Redemption Event (as defined in Exhibit A to the Charter)].
Sample 1Sample 2
Escalation Event has the meaning given in Clause 12.4;
Sample 1

Examples of Escalation Event in a sentence

  • An Escalation Event first will be discussed in good faith by the parties at a mutually convenient location in an attempt to resolve the Escalation Event amicably, in whole or in part.

  • To the extent that the [*] of the Overture Results and the [*] are not identical to the Main Body Search Results, Yahoo will provide Overture with written notice, and any dispute regarding the difference between [*] will be deemed an Escalation Event that is not subject to arbitration under * Certain information on this page has been omitted and filed separately with the Commission.

  • If the procedures outlined under this Section 16.5(a) fail to resolve an Escalation Event, then the parties hereby agree to submit the issue to binding arbitration pursuant to Section 16.5(b), except as set forth in Section 2.5(g) [?].

  • Any disagreement concerning this Section 4.6(b) shall give rise to an Escalation Event.

  • If the responsible party cannot implement a Problem Resolution for the Problem or Severe Problem within 8 business days, the other party may deem such failure an Escalation Event pursuant to Section 16.5(a) of the Agreement.

  • Upon the occurrence of a Governance Escalation Event, the Service Provider may escalate such other DCS Service Provider's failure through the appropriate governance structure for resolution in accordance with Exhibit 6.

  • After the DIR Customer and DCS Service Provider determine an issue cannot be resolved at the local operational level and it cannot be resolved with escalation to MSI involvement or the DCS Service Provider meets the escalation requirements for a Service Level Escalation Event or a Governance Escalation Event, the issue is escalated to DIR.

  • If the Senior Business People cannot resolve the Escalation Event within [*] days, then each party will designate a senior executive with decision-making authority (“Senior Executive”) to meet and confer in an effort to resolve the Escalation Event.

  • If the Senior Business People cannot resolve the Escalation Event within five days, then each party will designate a senior executive with decision-making authority (“Senior Executive”) to meet and confer in an effort to resolve the Escalation Event.

  • If the Senior Executives cannot resolve the Escalation Event within 5 days, then the chief executive officers of the respective parties (“CEO”) will meet and confer in an effort to resolve the Escalation Event.

Related to Escalation Event

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Disruption Event means either or both of:

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Amortization Event has the meaning specified in Article IX.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion: