Generator Event of Default definition

Generator Event of Default has the meaning given to it in Section 16.1;
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Generator Event of Default has the meaning ascribed to it in Section 11.1. “Generator Indemnitees” has the meaning ascribed to it in Section 16.3(d). “Generator Non-acceptance Notice” has the meaning ascribed to it in Section 14.3(d).
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Examples of Generator Event of Default in a sentence

  • An inspection or audit not followed by a notice of a Generator Event of Default shall not constitute or be deemed to constitute a waiver of any Generator Event of Default, nor shall it constitute or be deemed to constitute an acknowledgement that there has been or will be compliance by the Generator with this Agreement.

  • No Generator Event of Default will be waived or be deemed to have been waived by any inspection by or on behalf of the AESO.

  • If a Generator Event of Default occurs and is continuing, AESO may terminate the agreement upon written notice to Generator, except in relation to bankruptcy / dissolution defaults, in which case the agreement will terminate automatically.

  • If termination for Generator Event of Default occurs after commercial operation of the facility, the AESO may exercise all remedies it has at law or equity, including pursuing a claim for damages.

  • The RESA will include a specified methodology for calculating the "mark-to-market" damages in the case of a Generator Event of Default.

  • Without limiting the foregoing, the fact that the Counterparty has undertaken due diligence activities shall not constitute a waiver of any Generator Event of Default.

  • The Generator shall notify the Counterparty within thirty (30) days of a senior officer of the Generator determining that such inconsistency exists and understanding the implications thereof, provided that the failure to do so shall not constitute a Generator Event of Default.

  • Without prejudice to its ability to assert a claim for Discriminatory Action pursuant to Article 14 or to any right or remedy of the Generator thereunder, the Generator shall notify the Counterparty of any Change of Law or proposed Change of Law of which it becomes aware and that could reasonably be expected to result in a Discriminatory Action; provided that any failure to so notify shall not constitute a Generator Event of Default.

  • If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the Completion and Performance Security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount.

  • If termination for a Generator Event of Default occurs prior to commercial operation of the facility, Generator will pay, as liquidated damages, a sum equal to the completion and performance security (i.e. $50,000 per MW of Contract Capacity) and AESO’s remedies are limited to such amount.

Related to Generator Event of Default

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Event of Default has the meaning specified in Section 8.01.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).