Participant Default definition

Participant Default. Has the meaning given to it in Section 9.1. Party The DSO or the Participant, as applicable, and “Parties” refers to both of them. Performance Exemption Has the meaning given to it in Section 4.7. Permitted Resource Has the meaning ascribed to it in the Rules. Person Has the meaning ascribed to it in the Rules. Planned Outage Has the meaning ascribed to it in the Rules. Platform Has the meaning ascribed to it in the Rules. Platform User Agreement The terms and conditions governing the usage of the Platform by the Parties for the purposes of the Demonstration, and which terms and conditions must be accepted by the Participant in order to access the Platform. Privacy Act Means the federal Privacy Act, R.S.C., 1985, c. P-21, as amended from time to time, and any regulations made pursuant to such act. Privacy Legislation Refers to the Privacy Act as applicable to NRCan, MFIPPA as applicable to the DSO, and FIPPA as applicable to the IESO. Privacy Legislation Records Has the meaning ascribed to it in Section 12.5. Quantity Activated Has the meaning ascribed to it in the Rules. Quantity Delivered/Reduced Has the meaning ascribed to it in the Rules. Quantity Deployed Has the meaning ascribed to it in the Rules. Quantity Reduced Has the meaning ascribed to it in the Rules. Quantity Reserved Has the meaning ascribed to it in the Rules. Receiving Party With respect to Confidential Information, the Party receiving Confidential Information and may be the DSO or the Participant, as applicable. Reduce Has the meaning ascribed to it in the Rules. Registered Bank Account Has the meaning ascribed to it in the Rules. Registered Email The email address that is registered by the Participant for the purposes of the Contract and which is identified on the Cover Page under “Registered Email”, which email address may be amended from time to time in accordance with the Contract. Registrant Has the meaning ascribed to it in the Rules. Registration Has the meaning ascribed to it in the Rules. Replacement Provision Has the meaning given to it in Section 1.8. Representative With respect to a Party, such Party's directors, officers, employees, general partners, agents and consultants (including legal advisors, financial advisors, accountants and advisors performing audit or inspection services) and with respect to the DSO only, includes its shareholder, and those individuals at Util-Assist Ltd. that are providing services with respect to the Demonstration. Reserve Has the meaning ascri...
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Participant Default shall have the meaning assigned to such ------------------- term in Section 11.1 (Participant Default). ------------
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Participant Default has the meaning given to it in Clause 22.2.2(b);
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Examples of Participant Default in a sentence

  • The Market Participant Default Settlement Debit (charge type 850) is a charge to all market participants by the IESO to recover costs in the event that a market participant defaults on amounts owed.

  • The Market Participant Default Interest Debit (charge type 851) is a charge to all market participants by the IESO to recover the cost of borrowing funds to address the shortfall in the market as a result of a market participant’s default on amounts owed.

  • This phase would involve general market stresses, when no Participant Default would be imminent.

  • The Participant acknowledges and agrees that, in the event the Supplemental Registration is not completed as of the Contract Date, it will complete the Supplemental Registration for the Contracted DER within the Supplemental Registration Period, and that failure to complete the Supplemental Registration by such date will be considered a Participant Default and may result in the termination of this Contract.

  • This Section sets forth liquidity resources available to the Corporation to fund settlementon a Business Day, in the event of a Participant Default or otherwise.

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

  • The soil filter material must be fine enough to filter fine sediments and provide effective absorption of pollutants, but coarse enough to slowly drain the stored stormwater within a 24 to 48 hour period.

  • Subject to Section 13.3(c), in addition to the termination rights of the Parties for a Participant Default or DSO Default, this Contract may be terminated by the DSO in the event the Demonstration is cancelled by the Demonstration Sponsors, or, for reasons that are beyond the control of the DSO, the Platform ceases to operate in a manner such that the Local Energy Auctions can be executed fairly and accurately, and in each such circumstance, the DSO shall be relieved of its obligations hereunder.

  • The number of admissions is limited to thirty (30) for each party, unless authorized by the court.

  • Equivalent information for ASX Clear Pty Limited is provided in a separate Clearing Participant Default Overview document.


More Definitions of Participant Default

Participant Default shall have the meaning indicated in subparagraph 4(G).
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Participant Default means a “Default” or an “Event of Default” under any of loan documents (as such terms are therein defined) relating to any of the Mezzanine Loans set forth on Note Schedules X-0, X-0, X-0, X-0, X-0, B-10, or B-11; upon the occurrence and continuance of a Participant Default, the servicing fee with respect to any Mezzanine Loan on which a Participant Default has occurred and is continuing shall not be paid to Participant (the amount of such servicing fee not paid while a Participant Default is continuing is hereinafter referred to as “Unpaid Servicing Fee”), it being understood that Participant shall continue to receive the servicing fees with respect to all Mezzanine Loans on which there is no Participant Default continuing; upon cure of such Participant Default, the servicing fee payable with respect to the Mezzanine Loan on which there was the Participant Default shall resume, but the Unpaid Servicing Fee shall not be paid until all amounts due to Mezzanine Lenders hereunder shall have been paid in full.
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Participant Default. Has the meaning given to it in Section 10.19.1. TERM DEFINITION‌‌ of them.
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Participant Default means any of the events specified in Section 10.3.
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Participant Default. ’ which means a payment
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Related to Participant Default

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Administrator Default has the meaning specified in Section 5.1 of the Administration Agreement.

  • Non-Payment Default means any event (other than a Payment Default) the occurrence of which entitles one or more Persons to accelerate the maturity of any Designated Senior Indebtedness.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Senior Payment Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. In the event that any Senior Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company, the Subsidiary Guarantors and the Trustee of written notice of such Senior Nonmonetary Default from the agent for the Designated Senior Debt which is the subject of such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Designated Senior Debt the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date of such receipt of such written notice; or (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company, any Subsidiary Guarantor or the Trustee from the agent for the Designated Senior Debt initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Sixteen by delivering and crediting pursuant to Section 1602 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with respect to the Securities of a particular series during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days, unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  • Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • 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.

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • Minor Default means any Event of Default that is not a Major Default.

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

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

  • 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.

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

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Potential Defaulting Lender means, at any time, (i) any Lender with respect to which an event of the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any Subsidiary of such Lender, or (ii) any Lender that has notified, or whose Lender Parent or a Subsidiary thereof has notified, the Administrative Agent, the Borrower or any LC Issuing Bank in writing, or has stated publicly, that it does not intend to comply with its funding obligations generally under other loan agreements, credit agreements and other similar agreements, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement). Any determination by the Administrative Agent that a Lender is a Potential Defaulting Lender under any of clauses (i) and (ii) above will be conclusive and binding absent manifest error, and such Lender will be deemed a Potential Defaulting Lender (subject to Section 2.19(f) hereof) upon notification of such determination by the Administrative Agent to the Borrower, the LC Issuing Banks and the Lenders.

  • Funding Default as defined in Section 2.22.

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

  • Specified Default means a Default under Section 8.01(a), (f) or (g).

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

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).