Extension Event definition

Extension Event means any of the following events:

Extension Event has the meaning given in clause 16.8;

Extension Event means, in respect of any Letter of Credit, that at any time either (i) the Issuing Bank shall have been served with or otherwise be subjected to a court order, injunction or other process or decree restraining or seeking to restrain the Issuing Bank from paying any amount under such Letter of Credit and either (a) there has been a drawing under such Letter of Credit which the Issuing Bank would otherwise be obligated to pay or (b) the Stated Expiry Date of such Letter of Credit has occurred but the right of the beneficiary or transferee to draw under such Letter of Credit has been extended past such date in connection with the pendency of the related court action or proceeding; or (ii) the beneficiary or transferee shall have made a demand, on or prior to the Stated Expiry Date of such Letter of Credit, to the effect that the Stated Expiry Date be extended or that the value of such Letter of Credit be held for the account of the beneficiary or transferee, in either case under circumstances in which the Issuing Bank may incur liability or loss if the Issuing Bank does not comply with such demand, and either (a) the Borrower shall have failed to authorize the Issuing Bank to so extend the Stated Expiry Date within three banking days after the Issuing Bank shall have notified the Borrower of such demand or (b) the Issuing Bank shall in its sole discretion decline to extend such Stated Expiry Date.

Examples of Extension Event in a sentence

• Where the Operator has made a claim for extension of time under this Clause 14 as a consequence of an Extension Event and the delay would have occurred due to an event other than the Extension Event, the Operator is not entitled to an extension of time to the Date for Completion for the period of the delay that would have occurred as a result of such other events.

• Except for a Compensable Extension Event referred to in paragraph (n) of that definition, the costs include the reasonable necessary direct costs that the Builder properly incurs in respect of its work on the Private Patient Facility for the period by which the Date for Completion is extended and which would not have otherwise been incurred by the Builder but for the extension, but does not include the Operator’s costs in respect of the Private Patient Facility.

• If execution of the Works is suspended for any reason other than a Compensable Extension Event, the Operator is not entitled to any compensation in respect of the suspension.

• If execution of the Works is suspended for a Compensable Extension Event, then the Operator’s entitlement to compensation is set out in Clause 14.

• The Ceding Insurer may, at its option, require the Reinsurer to extend the term of this Agreement past the Scheduled Termination Date to one or more Extended Termination Dates if the requirements for an Extension Event are satisfied by providing an Extension Notice to the Reinsurer on or prior to the Extension Determination Date preceding the Scheduled Termination Date.

More Definitions of Extension Event

Extension Event means any of the following events or transactions occurring without the Grantee's prior written consent after the date hereof:

Extension Event occurs if and when (if ever) Bank confirms in writing that Bank has received, on the date that is immediately prior to the four (4) year anniversary of the Effective Date, evidence, satisfactory to Bank in Bank’s sole discretion, that Xxxxxxxx has completed its IPO.”

Extension Event means any of the following events: (A) the shareholders meeting to approve the Merger Agreement shall not have been held or the approval of the Merger at such meeting by the holders of a majority of the outstanding shares of Target Common Stock shall not have been obtained, or (B) any person (other than Buyer or any Subsidiary of Buyer) after the date of this Agreement shall have made or re-affirmed, or publicly disclosed an intention to make or re-affirm, a takeover proposal or proposal for a Competing Transaction.

Extension Event means either an Extension Event I or an Extension Event II.

Extension Event means any of the following events: (A) the shareholders meeting to approve the Merger Agreement shall not have been held or the approval of the Merger at such meeting by the holders of two-thirds of the outstanding shares of Frontstep Common Stock shall not have been obtained, (B) any person (other than MAPICS or any Subsidiary of MAPICS) after the date of this Agreement shall have made, or re-affirmed, or publicly disclosed an intention to make or re-affirm, an Acquisition Proposal, or (C) any person shall have formally protested any application filed with any regulatory authorities pursuant to Section 8.4(a) of the Merger Agreement by MAPICS or any of its Affiliates in connection with the Merger.

Extension Event means either of the following events or transactions occurring after the date hereof:

Extension Event means that the maturity of the Notes has been extended pursuant to this Term 8.