Event of Suspension definition

Event of Suspension means (i) the occurrence and continuance of an Event of Non- Appropriation; (ii) the occurrence and continuance of an Event of Non-Authorization or (iii) the Railcar Agreement is terminated for any reason prior to the expiration thereof in accordance with its terms.

Event of Suspension means a suspension or significant reduction by AOL in the promotion of the AOL White Pages hereunder due to the fault of InfoSpace resulting in the unavailability of the AOL White Pages or as AOL otherwise is entitled to effect due to a material breach of a provision of the Agreement by InfoSpace. After initial commercial launch of the AOL White Pages on the AOL Service, if during a Quarter there are Event(s) of Suspension for an aggregate period exceeding eighteen (18) hours, thereafter in such Quarter, for each additional twenty-four (24) hour period in the aggregate for which there is an Event of Suspension (as notified by AOL in writing to InfoSpace), AOL will be deemed for the purposes of this Agreement (and specifically for the purposes of calculating Searches which count toward the Targets in Sections 6.1.3, 6.10.2, and 7.9 below) to have provided [*] Searches for the AOL White Pages for each such twenty-four (24) hour period, or a prorated portion of such amount of Searches for any lesser such period in the aggregate.

Event of Suspension means an election made by Contractor, in writing, to suspend the obligations of the Parties following an Event of Non-Appropriation and as further described in §5.D.iii.d.

Examples of Event of Suspension in a sentence

• Promptly following a written request of the Bank, the Borrower shall furnish to the Bank a certificate of an Authorized Officer as to the existence or absence, as the case may be, of a Default, an Event of Default or an Event of Suspension.

• The Additional Event of Suspension consists of the following: that the Recipient shall have failed to notify, and provide adequate information to the Association before entering into a concession agreement for the operation and maintenance of the East-West Highway financed under the Project or the Association shall have raised objections to the Recipient entering into such agreement.

• Promptly upon obtaining knowledge of any Default, Event of Default or Event of Suspension or notice thereof, and within five (5) Business Days thereafter, the Borrower shall furnish or cause to be furnished to the Bank copies of a certificate signed by an Authorized Officer specifying in reasonable detail the nature and period of existence thereof and, with respect to any Default or Event of Default, what action the Borrower has taken or proposes to take with respect thereto.

• The Additional Event of Suspension referred to in Section 4.02 (k) of the Standard Conditions consists of the following, namely that the Bank has determined after the Effective Date referred to in Section 5.03 of this Agreement that prior to such date but after the date of this Agreement, an event has occurred which would have entitled the Bank to suspend the Recipient’s right to make withdrawals from the Grant Account if this Agreement had been effective on the date such event occurred.

More Definitions of Event of Suspension

Event of Suspension means any of the events provided for in the agreement with Adlabs;

Event of Suspension has the meaning set forth in Section 6.02(a).

Event of Suspension. (A) the occurrence of any Event of Default set forth in Section 6.01(i)-(o) or (B) a Bond Insurer Potential Insolvency. During the continuance of any Event of Suspension, the Commitment shall be suspended and the Purchasing Bank shall be under no obligation to purchase any Unremarketed Bonds. The Purchasing Bank shall give written notice of any Event of Suspension to the Company, the Trustee, the Paying Agent and the Remarketing Agent promptly after it becomes aware thereof; provided, however, that the Purchasing Bank shall not incur any liability or responsibility whatsoever by reason of the Purchasing Bank's failure to give such notice and such failure shall in no way affect the suspension of the Commitment. The suspension of the Commitment shall not extend the Stated Expiration Date or affect any other remedy provided under this Section 6.02, and no cure of an Event of Suspension shall reinstate the Commitment if the Commitment shall have expired or been terminated prior thereto.

Event of Suspension has the meaning ascribed to such term in Section 9.