Seller Suspension Event definition

Seller Suspension Event means any of the following events:
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Seller Suspension Event has the meaning set out in Section 12.1(a).
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Seller Suspension Event means a “Seller Suspension Event” under, and as defined in, any Originator Sale Agreement.
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Examples of Seller Suspension Event in a sentence

  • If, during a suspension by the Seller pursuant to a Seller Suspension Event, the Purchaser then cures the Seller Suspension Event in full, the Seller’s obligations under this Agreement shall recommence as of the date of such cure of the Seller Suspension Event in full.

  • For the avoidance of doubt, the Purchaser shall be deemed to have cured a Seller Suspension Event with respect to a particular Delivery where 4 the Purchaser shall have paid to the Seller the amount owing in respect of the Refined Copper delivered to the Purchaser in connection with such Delivery.

  • If such Seller Suspension Event is continuing for a period of three (3) months, the Seller shall have the right, at its option, upon written notice to the Purchaser, to suspend all of its remaining delivery obligations under Section 3.2 of this Agreement, and the Seller shall not be obligated to sell any Refined Copper to the Purchaser in respect of copper contained in Minerals sold or delivered to an Offtaker made during such suspension.

  • If a Seller Suspension Event occurs and is continuing for a period of one (1) years, the Seller shall have the right, at its option, upon written notice to the Purchaser, to terminate this Agreement.

  • In addition, if a Seller Suspension Event occurs, the Seller shall have the right, at its option, upon written notice to the Purchaser, to reduce its next delivery obligations under Section 3.2 of this Agreement by an amount of 38821-2007 25879515.13 Refined Copper having a value (determined using the Reference Copper Price) equal to the amount owing to the Seller pursuant to such Seller Suspension Event.

Related to Seller Suspension Event

  • Suspension Event As defined in Section 5(b) hereof.

  • Covenant Suspension Event has the meaning set forth in Section 4.18.

  • Subscription Suspension Event means the delivery by the Issuer of a notice in writing to each Authorised Participant, the Issuing and Paying Agent and the Determination Agent pursuant to the LS Operating Procedures Agreement stating that with effect from the date specified in such notice subscription of the ETP Securities shall be so suspended.

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Shelf Suspension Period See Section 3(a) hereof.

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Reduction Event means any of the following:

  • SOFR Index Cessation Event means the occurrence of one or more of the following events:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • 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.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

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

  • Index Cessation Event means, with respect to an Applicable Benchmark, (a) a public statement or publication of information by or on behalf of the Administrator of the Applicable Benchmark announcing that it has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider, as applicable, that will continue to provide the Applicable Benchmark; or (b) a public statement or publication of information by the regulatory supervisor for the Administrator of the Applicable Benchmark, the central bank for the currency of the Applicable Benchmark, an insolvency official with jurisdiction over the Administrator for the Applicable Benchmark, a resolution authority with jurisdiction over the Administrator for the Applicable Benchmark or a court or an entity with similar insolvency or resolution authority over the Administrator for the Applicable Benchmark, which states that the Administrator of the Applicable Benchmark has ceased or will cease to provide the Applicable Benchmark permanently or indefinitely, provided that, at the time of the statement or publication, there is no successor administrator or provider that will continue to provide the Applicable Benchmark.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Book-Down Event means an event that triggers a negative adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • €STR Index Cessation Event means the occurrence of one or more of the following events:

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).