Failure to Issue definition

Failure to Issue means, in respect of an issue of Loan Notes following an Automatic Issuance Event, a failure by the Loan Notes Issuer to deliver to the Issuer by 10 a.m. (London time) on the related Drawing Date a copy of the duly executed Loan Notes certificate evidencing such Loan Notes to be issued.
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Examples of Failure to Issue in a sentence

  • Failure to Issue Payment Certificate If the Company fails to issue a notice stating the amount due to the Contractor in accordance with clause 11.6 the amount due to the Contractor shall be the amount the Contractor considers will be due as set out in the Interim Application.

  • Issuance of Certain Warrants in the Event of a Failure to Issue Bridge Preferred Shares...................................................................................................

  • For the avoidance of doubt, the provisions of this Section 7.2.1 do not apply to any announcement, document or publication in connection with an Alternate Proposal, Superior Proposal, Change in Company Announcement Statement, Change in Company Board Recommendation, Failure to Issue the Company Board Recommendation, or litigation or arbitration among the Parties with respect to this MoU or the transaction contemplated hereby, as applicable.

  • For the avoidance of doubt, the provisions of this Section 7.2.1 do not apply to any announcement, document or publication in connection with an Alternate Proposal, Superior Proposal, Change in Company Announcement Statement, Change in Company Board Recommendation, Failure to Issue the Company Board Recommendation, or litigation or arbitration among the Parties with respect to this MoU or the Transactions.

  • The Parties acknowledge that failure by the Authority to issue a certificate in accordance with Clause 19.2 shall, pursuant to clause 85.3 (Failure to Issue a Certificate) of the Project Agreement, give rise to a right for the Contractor to terminate the Project Agreement and an entitlement for the Contractor to be paid compensation by the Authority.

  • The Parties acknowledge that failure by the Authority to issue a certificate in accordance with paragraph 19.2 shall, pursuant to Clause 4.3 (Failure to Issue a Certificate) of the Contract, give rise to a right for the Contractor to terminate the Contract and an entitlement for the Contractor to be paid compensation by the Authority.

Related to Failure to Issue

  • Unwarranted failure to comply means the failure of a permittee to prevent the occurrence of any violation of the permittee's permit or any requirement of this chapter due to indifference, lack of diligence, or lack of reasonable care, or the failure to abate any violation of such permit or this chapter due to indifference, lack of diligence, or lack of reasonable care.

  • Occasion of Tax Non-Compliance means: any tax return of the Supplier submitted to a Relevant Tax Authority on or after 1 October 2012 which is found on or after 1 April 2013 to be incorrect as a result of: a Relevant Tax Authority successfully challenging the Supplier under the General Anti-Abuse Rule or the Halifax Abuse Principle or under any tax rules or legislation in any jurisdiction that have an effect equivalent or similar to the General Anti-Abuse Rule or the Halifax Abuse Principle; the failure of an avoidance scheme which the Supplier was involved in, and which was, or should have been, notified to a Relevant Tax Authority under DOTAS or any equivalent or similar regime in any jurisdiction; and/or any tax return of the Supplier submitted to a Relevant Tax Authority on or after 1 October 2012 which gives rise, on or after 1 April 2013, to a criminal conviction in any jurisdiction for tax related offences which is not spent at the Call Off Commencement Date or to a civil penalty for fraud or evasion;

  • Congenital Condition(s) means (a) any medical, physical or mental abnormalities existed at the time of or before birth, whether or not being manifested, diagnosed or known at birth; or (b) any neo-natal abnormalities developed within six (6) months of birth.

  • Potential Failure to Pay means the failure by a Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to such Obligations, in accordance with the terms of such Obligations at the time of such failure.

  • Defect means any part of the Works not completed in accordance with the Contract.