Examples of Remedy Event in a sentence
If the Secretary of State has issued a Remedy Event Notice, IP OpCo or IP HoldCo shall not declare, make, pay or permit a Distribution, if and for so long as the relevant Remedy Event (and associated Failure Event, if applicable) has not been Remedied pursuant to paragraph 2.6 (Remedied) of this schedule 2.
Landlord and Tenant hereby agree that the damages available to Landlord as a result of a Limited Remedy Event of Default shall be strictly limited to the LRED Damages and that nothing contained herein or in any other transaction document executed concurrently herewith shall entitle Landlord to additional reimbursement or monetary damages with respect to any such Limited Remedy Event of Default.
If such a Remedy Event has occurred and is continuing, the Indenture Trustee shall have the right, exercisable in its sole discretion, to terminate the foregoing license without notice to or demand upon VRA, and without regard to the adequacy of the security for the Obligations.
Notwithstanding the foregoing assignment, the Indenture Trustee hereby confers upon VRA a license to collect and retain the Rents as they become due and payable so long as no Remedy Event shall exist and be continuing.
The plot for the rebuilt structure (6eyc) is much improved, as clearly indicated by the Rama-Z score (−2.5 instead of −4.3).