Participant Event of Default definition

Participant Event of Default has the meaning given to it in Section 11.1.
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Participant Event of Default has the meaning given to it in Clause 22.1;
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Examples of Participant Event of Default in a sentence

  • Subject to paragraph 2.3 of Section 2 (Participant Event of Default Compensation Sum) of Schedule 14 (Compensation on Participant Event of Default and Termination), the liability of each of the Participants under this Agreement is several and no act or omission (including any default or waiver) of any Participant shall bind any other Participant save as expressly set out herein.

  • In the event that a Participant Event of Default under Clause 22.1.3 occurs as a result of the actions of a Relevant Authority other than a Participant, all Participants shall be deemed to be responsible for such Participant Event of Default.

  • The Trustee shall, upon a Corporation Order, authenticate for original issue up to $250,001,000 in aggregate principal amount of Securities.

  • Any Facility Amendment that has not been consented to by the [Sponsor] shall, if not rectified within ten (10) Business Days after such Facility Amendment occurred, constitute a Participant Event of Default.

  • If the IESO seeks to use one or more of the above-noted remedies in this Section 9.2(c), the Parties shall negotiate in good faith to determine which of the remedies are most appropriate under the circumstances of the particular Participant Event of Default.

  • Notwithstanding anything to the contrary contained in this Section 14.03, no Offeree which has failed to perform or observe any of its obligations, covenants, conditions, or agreements under this Agreement or any related document (an "Owner Participant Event of Default"), which Owner Participant Event of Default is still continuing, shall be entitled to exercise its right to purchase (or sell, unless the Owner Participant Event of Default is cured by such sale) any portion of the Offeror's interest.

  • Upon the occurrence of a Participant Event of Default, FPL may, upon notice to Participant, and without prejudice to any remedy available to FPL under law, in equity or under this Contract, terminate the whole or any part of this Contract without termination charge, penalty or obligation.

  • If the Participant Event of Default is capable of remedy and has not been remedied within 30 Business Days or is not capable of remedy with immediate effect, WEPCo may either serve notice on each Participant in default terminating the SPA in relation to them with immediate effect or simply notify the Participants in default of the effect their default has had.

  • An example of ‘shallow ecology’ are the current notions of trans-humanity in which science foresees the future possibility of supporting human beings physically and cognitively by technological means.

  • He also advised that there should be follow-up with the participants.

Related to Participant Event of Default

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

  • 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.

  • 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.

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

  • 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)).

  • 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).

  • 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:

  • 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).

  • 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.

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

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

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

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

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

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

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

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

  • 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;

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

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

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

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

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

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

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