Qualifying Shutdown Event definition

Qualifying Shutdown Event. Required Authorisation" and "Specific Change in Law";
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Qualifying Shutdown Event means a Change in Law which comprises:
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Qualifying Shutdown Event has the meaning given to that term in item 5.3 (Qualifying Shutdown Events). Qualifying Volumes has the meaning given to that term in item 4.2 (Qualifying Volumes, Non-Qualifying Volumes and RTFO Volumes). Reference Price for Non-Qualifying Volumes has the meaning given to that term in item 4.44.6 (Reference PricePrices).
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Examples of Qualifying Shutdown Event in a sentence

  • This indemnity shall not apply in respect of any such costs resulting from the DPA Counterparty disputing that a Qualifying Change in Law or Qualifying Shutdown Event has occurred if an agreement or determination is reached to the contrary.

  • This indemnity shall not apply in respect of any such costs resulting from the ICC Contract Counterparty disputing that a Qualifying Change in Law or Qualifying Shutdown Event has occurred if an agreement or determination is reached to the contrary.


More Definitions of Qualifying Shutdown Event

Qualifying Shutdown Event is where the Government or a governmental authority permanently prevents the whole of the Facility from operating or refuses to give approval, for a period exceeding twenty-four (24) months, to a request to re-start
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Related to Qualifying Shutdown Event

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Delay Event means: (i) a tsunami, flood, cyclone, earthquake, bushfire or other act of nature; (ii) riot, civil commotion, war, invasion or a terrorist act; (iii) an imminent threat of an event in paragraphs (i) or (ii); or (iv) compliance with any lawful direction or order by a Government Agency;

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Barrier Event means that R (final) is lower than the Barrier.

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Disruption Event means either or both of: