Relinquishment Event definition

Relinquishment Event has the meaning set forth in section 2.7;
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Relinquishment Event has the meaning set out in Section 13(b).
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Relinquishment Event has the meaning set forth in section 2.7; “Royalty” means 2.0% of Net Smelter Returns;
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Examples of Relinquishment Event in a sentence

  • If a Relinquishment Event is completed and thereafter, the Owner or any Affiliate of the Owner subsequently reacquires a direct or indirect beneficial interest in the Released Properties then such Released Properties will once again be subject to the obligation to pay the FCF Royalty pursuant to this Agreement with respect thereto.

  • If the Holder does not forward the said written notice to the Owner within the said 10-day period, then the Owner or the Affiliate of the Owner shall have the right to complete the Relinquishment Event with respect to the applicable Released Properties.

  • For greater certainty, a Relinquishment Event (as defined below) does not constitute a Transfer and is not subject to Article 4.

  • If a Relinquishment Event is completed and thereafter, the Royalty Payor or an Affiliate thereof or any person related thereto subsequently reacquires a direct or indirect beneficial interest in the Released Property, then such Released Property will once again be subject to the Royalty Payor’s obligation to pay the Royalty with respect thereto.

  • If the Owners or its Affiliates or any Person related thereto wishes to abandon, relinquish or terminate or not renew (the “Relinquishment Event”) all or any portion of the Claims (the “Released Claims”), then the Owners shall provide the Royalty Holder with a minimum of 30 days’ prior written notice of such intended Relinquishment Event.

  • If a Relinquishment Event is completed and thereafter, the Owners or any Affiliate of the Owners or any person related to the Owners subsequently reacquires a direct or indirect beneficial interest in the Released Claims then such Released Claims will once again be subject to the obligation to pay the Royalty with respect thereto.

  • If the Royalty Holder does not forward the said written notice to the Company within the said ten-day period, then the Company shall have the right to complete the Relinquishment Event with respect to the applicable Abandoned Property.

  • If a Relinquishment Event is completed, and within five years thereafter, the Optionee or any Affiliate of the Optionee subsequently reacquires a direct or indirect beneficial interest in the Released Property, then such Released Property will once again be subject to the obligation to pay the NSR Royalty with respect thereto.

  • If Xxxxxxx does not forward the said written notice to the Optionee within the said 10 day period, then the Optionee or the Affiliate of the Optionee shall have the right to complete the Relinquishment Event with respect to the applicable Released Property.

  • Buyer shall have business days (ten [10] if not filled in), after the date Buyer and 33 Seller have signed and accepted this Real Estate Sale Agreement (hereinafter "the System Contingency Period"), in which to 34 complete all negotiations with Seller regarding any matters disclosed in any Documents/Information concerning the onsite sewage system.


More Definitions of Relinquishment Event

Relinquishment Event has the meaning given in Section 17(c);
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Relinquishment Event has the meaning given to that term in the FCF Royalty Agreement.
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Relinquishment Event has the meaning set out in Section 15(b). (ccc) “Repurchase” has the meaning set out in Section 5(a). (ddd) “Repurchase Closing Date” has the meaning set out in Section 5(b).
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Related to Relinquishment Event

  • Payment Event means the event or events giving rise to the right to payment of a Performance Award.

  • Replacement Event shall have the meaning specified in Section 11.16.

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

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Procurement Event means the request for proposals, the evaluation of proposals and bids for wholesale energy products, and the execution of the applicable supplier contracts with Ameren Illinois Company as a counterparty pursuant to the Procurement Plan for the period starting in June 2021, as proposed by the Illinois Power Agency and approved by the Illinois Commerce Commission in Docket No. 20-0717.

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

  • Put Event means the occurrence of:

  • Significant Event means any Amortization Event or Event of Default.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

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

  • 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.

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Enforcement Event means an Event of Default.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Adjustment Event means each of the following events:

  • Potential Adjustment Event means any of the following:

  • Pay-Out Event means any Pay-Out Event specified in Section 6.01.

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Release Event has the meaning set forth in Section 6(b).

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

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