Supervening Events definition

Supervening Events means events to be agreed by the Parties, which may result in, inter alia, an inability of Project Co or Bermuda to comply with their respective obligations under the Project Agreement, and may include compensation events, relief events, excusing events, force majeure events, Discriminatory Change in Law events and Change in Law events;
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Supervening Events means any one or more of the following circumstances:
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Supervening Events means all or any of the following:
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Examples of Supervening Events in a sentence

  • Payments between the parties and any adjustments to Service Payments in respect of Supervening Events will be made in accordance with Section 10 (Lump Sum Payments and Service Payment Adjustments).

  • Upon receipt of the Directive Letter, Developer shall implement and perform the work in question as directed by the Authority and Developer may claim for a Compensation Event in accordance with and subject to the provisions of Article 12 (Supervening Events).

  • Except as otherwise expressly provided, the partial destruction or damage or complete destruction by fire or other casualty of the Facility will not permit either party to terminate this Agreement or entitle Project Co to surrender possession of the Facility or to demand any increase in any amounts payable to Project Co under this Agreement and all of the provisions of this Agreement, including Section 8 (Supervening Events) will continue to apply.

  • The parties acknowledge that Project Co will share with the Project Contractors, who will in turn share with Sub-Contractors, in accordance with the Project Contracts, certain benefits to Project Co derived from the rights of Project Co under, and subject to the obligations and limitations under, this Agreement including rights of Project Co under Section 8 (Supervening Events) (such rights, as qualified by such obligations and limitations, are in this Section collectively "Project Co's Rights").

  • Nothing in this Agreement will limit the right of the Authority to perform or mitigate its obligations in respect of Supervening Events or the consequences of a Supervening Event by requiring a Change or Changes.

  • If the Parties cannot agree on the extent of any compensation, delay incurred, relief from the Development Entity’s obligations under this PPA, or the Department disagrees that a Compensation Event has occurred (or as to its consequences), or that the Development Entity is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.

  • Nothing in this Agreement will limit the right of the Authority to perform or mitigate its obligations in respect of Supervening Events by requiring a Change or Changes.

  • The Project Director shall report monthly to the PMT on the status of the Project, including a report of all material developments, Supervening Events and matters referred to any Dispute Resolution Panel.

  • Pursuant to the C-70 Project Agreement, certain Supervening Events may require Compensation to be paid by the Enterprises to the Developer during the Operating Period.

  • If the Parties cannot agree on the extent of any delay incurred or relief from the Development Entity’s obligations under this PPA, or the Department disagrees that a Relief Event has occurred (or as to its consequences), or that the Development Entity is entitled to relief under this Article 12 (Supervening Events), the Parties shall resolve the matter in accordance with the Dispute Resolution Procedures.


More Definitions of Supervening Events

Supervening Events means: the Landlord has failed despite using all reasonable endeavours to obtain the Permissions any of the Permissions have been granted subject to a lawful condition with which it would be impracticable for or in all the circumstances it would be unreasonable to expect the Landlord to comply some defect or deficiency in the site upon which the rebuilding or reinstatement is to take place would render the same impossible or would mean that the same could only be undertaken at a cost that would be unreasonable in all the circumstances the Landlord despite using its reasonable endeavours is unable to obtain access to the site for the purposes of rebuilding or reinstating the Landlord despite using its reasonable endeavours is unable to rebuild or reinstate by war act of God strike or lock-out or the Landlord despite using its reasonable endeavours is unable to rebuild or reinstate due to any other circumstances beyond its control The Landlord shall not be liable to rebuild or reinstate the Premises if and for so long as such rebuilding or reinstating is prevented by Supervening Events If upon the expiry of a period of three (3) years commencing on the date of the damage or destruction the Premises have not been rebuilt or reinstated so that the Premises are fit for the Tenant's occupation and use the Tenant may by notice served at any time within one year of the expiry of such period on the Landlord invoke the provisions of the succeeding paragraph (such notice being called a “termination notice") Upon service of a termination notice in accordance with the preceding paragraph the Term will absolutely cease but without prejudice to any rights or remedies that may have accrued to either party against the other and all insurance monies shall belong absolutely to the Landlord
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Related to Supervening Events

  • Intervening Event means a material event, fact, circumstance, development or occurrence that is not known or reasonably foreseeable (or if known or reasonably foreseeable, the probability or magnitude of consequences of which were not known or reasonably foreseeable) to or by the Company Board as of the date of this Agreement, which event, fact, circumstance, development or occurrence becomes known to or by the Company Board prior to obtaining the Company Stockholder Approval.

  • Company Intervening Event means any event, change, occurrence or development that is unknown and not reasonably foreseeable to the Company Board as of the date of this Agreement, or if known or reasonably foreseeable to the Company Board as of the date of this Agreement, the material consequences of which were not known or reasonably foreseeable to the Company Board as of the date of this Agreement; provided, that the receipt, existence or terms of a Company Alternative Proposal shall not be deemed to be a Company Intervening Event hereunder.

  • Parent Intervening Event means any event, change, occurrence or development that is unknown and not reasonably foreseeable to the Parent Board as of the date of this Agreement, or if known or reasonably foreseeable to the Parent Board as of the date of this Agreement, the material consequences of which were not known or reasonably foreseeable to the Parent Board as of the date of this Agreement; provided, that the receipt, existence or terms of a Parent Alternative Proposal shall not be deemed to be a Parent Intervening Event hereunder.

  • Triggering Events means each of the following events:

  • Accounting Event means the receipt by the Issuer of an opinion of an Authorized Public Accountant in Finland (reputable and experienced in such matters) to the effect that, as a result of a change in the applicable accounting standards or interpretation thereof, the equity treatment of the Capital Notes as “equity” in full in the Issuer’s consolidated financial statements has or will cease.

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Events means an action or occurrence, at any given location within the Authorized System that causes a Collection System Overflow. An Event ends when there is no recurrence of a CSO or SSO in the collection system at the same location in the 12-hour period following the last Collection System Overflow.

  • Special Events means musical events, concerts, shows, pageants, sporting events, festivals, competitions, and other events of limited duration presented by LICENSEE for which the "Gross Revenue" of such Special Event exceeds $25,000.

  • Terminating Event means any of the following events:

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

  • Material Events means events as specified in Schedule III to the Listing Regulations and upon the occurrence of which a listed entity shall make disclosures to stock exchange(s) and host such disclosures on the listed entity’s website.

  • Extenuating Circumstances means the inability to perform at an optimum level arising from one or more of the reasons set out in clause 6.1.

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • Training Event means either a Course or Online Training, or both.

  • Sharing Event means (a) the occurrence of any Event of Default under Section 7.1(e), (b) the declaration of the termination of any Commitment, or the acceleration of the maturity of any Loans, in each case in accordance with Section 7.2 or (iii) the failure of any Borrower to pay any principal of, or interest on, any Loans or any LOC Obligations on the Maturity Date.

  • 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)).

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Catastrophic Event : means an unforeseen event of biotic or abiotic nature caused by human action that leads to important disturbances of agricultural production systems and forest structures, eventually causing important economic damage to the farming or forestry sectors;

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • De-listing Event means the situation where (i) the shares in the Issuer are not listed and admitted to trading on a Regulated Market or (ii) trading in the shares in the Issuer on the relevant Regulated Market is suspended for a period of fifteen (15) consecutive Business Days.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Intervening Assignments The original intervening assignments of the Mortgage, notices of transfer or equivalent instrument.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

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

  • Uncontrollable Circumstance means any act, event or condition that is:

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).