Event of definition

Event of. Default As defined in Section 7.01.

Event of. Loss shall mean any of the following events: (a) a Final Shutdown, (b) a Requisition of Title, (c) a Requisition of Use which can reasonably be expected to exceed, or for a stated period which ends on or after, 6091.100.2898.55:1 the penultimate day of the Lease Term, (6) any degradation of the rated capacity of Unit 1 to below, or the inability of Unit 1 to produce electricity at a level above, 530 megawatts electric for the minimum Period (for any reason other than as a result of damage to or destruction of Unit 1, Governmental Action or an event referred to in clause (iii) (x) or (iii) (y) of the definition of "Final Shutdown") Excepted Payments shall mean (i) all payments of supplemental Rent, other than payments by the Lessee (x) of Casualty Value, Termination value or special casualty value or in connection with the exercise of the Cure Option or (y) of indemnity payments to which either the Loan Participant or any Indemnitee other than the Owner Trustee or the Owner Participant or any of their respective Affiliates, (or the respective successors, assigns, agents, officers, directors or employees of the Owner Trustee or the Owner Participant is entitled, (ii) any amounts payable under any Transaction Document to reimburse the Lessor or the Owner Participant, or any of their respective Affiliates, (including the reasonable expenses of the Lessor or the Owner Participant incurred in connection with any such payment) for performing or complying with any of the obligations of the Lessee under and as permitted by any Transaction Document, (iii) any amount payable to the Owner Participant by any Transferee as the purchase price of the Owner Participant's interest in Trust Estate, (iv) so long as no Indenture Default or Indenture Event of Default shall have occurred and be continuing, all payments of Basic Rent in excess of amounts then due and owing in respect of the principal of and premium, if any, and interest on all Notes Outstanding, (v) any insurance proceeds with respect to an Event of Loss in excess of amounts then due and owing in respect of the principal of and premium, if any, and interest on all Notes Outstanding, (vi) any insurance proceeds (or payments with respect to risks self-insured) under liability policies and (vii) any payments in respect of interest to the extent attributable to payments referred to in clauses (i) through (vi) above 6091.100.2898.55:1

Event of. Force Majeure" means war, riots, insurrections, fire, explosions, sabotage, strikes, and other labor or industrial disturbances, acts of God or the elements, Governmental Requirements, disruption or breakdown of production or transportation facilities, delays of pipeline carrier in receiving and delivering crude oil tendered, or any other cause, whether similar or not, reasonably beyond the control of the affected Party.

Examples of Event of in a sentence

• Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

• No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.

• Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

• A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.

• A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.

More Definitions of Event of

Event of. Option shall mean the occurrence of one or more of the following events: (i) a Stockholder shall be declared bankrupt, become permanently disabled (mentally or physically) or die, or a receiver, executor, administrator, guardian, legal committee or other legal custodian of his or its property (including any Stock owned by such Stockholder) shall be appointed; or (ii) a Stockholder materially breaches the terms hereof or another agreement between the Stockholder and the Corporation. An Event of Option shall be deemed to be continuing until the procedures set forth in Section 4 hereof with respect to the Stock affected thereby have been exhausted.

Event of means any event where: Default"

Event of. Abandonment shall mean (a) the written announcement by Borrower of a decision to abandon or indefinitely defer, or the abandonment of, the construction or completion or operation of all or any material part of the Storage Improvements for any reason, or (b) the total suspension for more than 30 consecutive days or abandonment of the construction of the Storage Improvements. Event of Default shall have the meaning assigned to it in Section 7.0.

Event of. DEFAULT shall mean any of the events described in Section 8.1 and referred to therein as an "Event of Default." EXCLUDED INACTIVE SUBSIDIARIES shall mean the Subsidiaries of the Company listed on SCHEDULE 1.1(E). Each Excluded Inactive Subsidiary shall at all times have no material assets or liabilities (except for the New York Potential Tax Claim) and shall not conduct business. Any Excluded Inactive Subsidiary which joins this Agreement as a Guarantor pursuant to Section 10.18 shall cease to be an Excluded Inactive Subsidiary.

Event of. Default shall have the meaning given in Section 7.1.

Event of. Default is defined as the occurrence of any event described in Article VIII, below.

Event of. Default shall mean any of the events specified in Section 7.