Government Event of Default definition

Government Event of Default means as defined in Clause 13 of the Implementation Agreement.

Government Event of Default means any event of default as provided for under Section 10.2.

Government Event of Default has the meaning given in Section 25.1. “Group” means two or more Persons who are acting together for the purpose of acquiring, holding, voting or disposing of Management Rights of a Person. The parties to a shareholders agreement with respect to a corporation that establishes how directors of the corporation are to be chosen or how the parties must vote their shares in certain cases, and the parties to any similar agreement with respect to any other business entity, are in each case members of a Group.

Examples of Government Event of Default in a sentence

• Upon a termination of this Agreement by the Concessionaire upon the occurrence and continuation of a Government Event of Default, all Mining Plant and Infrastructure shall become the property of the Government except to the extent the Government elects to transfer the relevant Land to the Concessionaire.

• In the event of a termination of this Agreement for any reason other than a Government Event of Default, or termination under Clause 13.7, the Concessionaire shall without prejudice to the Concessionaire's other liabilities, be liable to Government for all its damages including all costs and expenses (including reasonable attorneys' fees and expenses) relating to the CHP5 Project incurred by the Government, the Heat Purchaser and the Power Purchaser prior to the termination.

• The Notice of Intent to Terminate shall specify in reasonable detail the Concessionaire Event of Default or the Government Event of Default, as the case may be, giving rise to such notice.

• There is a risk that BOEM programs and offices may use collected PII for purposes not specified at the time of collection.

• In each case from the date the relevant Notice of Default is deemed to have been delivered pursuant to Section15.2, the Party in default shall furnish to the non- defaulting Party, during any cure period, weekly reports on its progress in curing the Government Event of Default or the Company Event of Default.

• Upon the occurrence of a Government Event of Default or a Company Event of Default, as the case may be, that is not cured within the applicable period for cure, the non-defaulting Party may, at its option, initiate termination of this Agreement by delivering a notice of the occurrence of a Company Event of Default or Government Event of Default (a “ Notice of Default”).

• The Notice of Default shall specify in reasonable detail the Company Event of Default or the Government Event of Default, as the case may be, giving rise to such notice.

• The Notice of Intent to Terminate shall specify in reasonable detail the Company Event of Default or AJ&K/Provincial Government Event of Default, as the case may be, giving rise to such notice.

• The Government agrees that during the Term, it shall maintain the Escrow Reserve Amount in the Escrow Account and shall replenish any shortfall within 30 (thirty) days of such shortfall to ensure that the balance therein does not fall below the amount specified in Clause 10.1.3. The Parties agree that failure to comply with this Clause 10.1.4 shall be regarded as the Government Event of Default.

• If the relevant Government Event of Default has not been remedied or rectified within thirty (30) Business Days of such notice, the Project Company may serve a further notice on the Government terminating this Agreement, whereupon subject to Clauses 9.6 (Direct Agreement) and 21.3 (Survival) this Agreement shall terminate.

More Definitions of Government Event of Default

Government Event of Default shall exist if the Government shall have failed in a serious and prolonged manner to comply with its material obligations under this Agreement and such failure is continuing for more than 90 days after notice thereof to the Government from the Concessionaire or any representation or warranty of the Government continued in Section 21.2 proves to be false or incorrect in any material respect on the date as of which made.

Government Event of Default means, with respect to any Sub Project:

Government Event of Default means a material breach of any term of the Proposed Agreement by either Department which is not remedied within thirty (30) days of receipt of written notice from the Company to the DOI and the Cabinet Office;

Government Event of Default shall exist:

Government Event of Default has the meaning given to it in Clause 9.1(b) (Events of Default).

Government Event of Default means any event of default as provided for under Section Section X.2..