System Event definition

System Event means an event, which for the purposes of this Agreement, shall be deemed to be one (1) hour in duration (whether or not the actual duration is longer than one (1) hour) that causes the System to be in non-compliance with all or any applicable North American Electric Reliability Council disturbance control standards and/or causes the System Controller to shed firm load from the System.
Sample 1Sample 2
System Event means an event that is registered electronically on a computerised screen at Panorama Security’s SMS requiring operator intervention and action by Panorama Security in accordance with the Commission Form.
Sample 1
System Event means any constraint or congestion on, any delay in, or any unavailability, interruption, curtailment, breakdown, inoperability or failure of, the whole or any part of the System;
Sample 1

Examples of System Event in a sentence

  • The Investment Manager generally will not perform a materiality analysis on the potential impact of a System Event.

  • Each Party agrees that it will not export, directly or indirectly, any technical information acquired from the other Party under this Agreement or any products using such technical information to a location or in a manner that at the time of export requires an export license or other governmental approval, without first obtaining the written consent to do so from the appropriate agency or other Governmental Entity in accordance with Applicable Law.

  • The format is as follows: SYSTEM EVENT MESSAGENameOffsetLengthValueNotesMessage Type01Alpha“S” = System Event MessageTimestamp14IntegerNanoseconds portion of timestampEvent Code51AlphaRefer to System Event Codes below SYSTEM EVENT CODES CodeExplanationWhen (typically)“O”Start of Messages.

  • The events can be further divided by Power Event and System Event categories, and choosing the specific event.

  • Upon receipt of a quote response message for a given quote block, all of the firm’s quotes for that block have been processed by the matching engine (assuming that the quote was sent after receipt of the “Start of Quote” System Event Message).

  • Emergency service hours are used to address and resolve a System Event.

  • The Buyer shall pay to the Seller the Deemed Energy Payment for all Deemed Energy accruing in each Billing Period calculated in terms of clause 14 (Consequences of a System Event), clause 15 (Consequences of a Compensation Event) and Schedule 5 (Deemed Energy Payment).

  • The format is as follows: SYSTEM EVENT MESSAGENameOffsetLengthValueNotesMessage Type01Alpha“S” = System Event MessageNanoseconds14IntegerThe sub-second portion of the time, in nanoseconds (0-999999999).

  • The South Central United States Cold Weather Bulk Electric System Event of January 17, 2018, at 96 (July 2019) (FERC and NERC Staff Report), https://www.ferc.gov/sites/default/files/2020-05/07-18-19-ferc- nerc-report_0.pdf.

  • The initial Monitoring Instructions must be set out in the CSA (Part E) and are the procedures to be followed by Chubb in the event of a System Event.


More Definitions of System Event

System Event means an event identified as such in Table 1 in Article 1.7 of Part D to this Schedule 20.
Sample 1
System Event means an event identified as such in Table 1 in Section 1.8 of Part D. For the avoidance of doubt, a System Event is classified as a Train Kilometres Availability Failure.
Sample 1
System Event means an event that is registered electronically on a computerised screen at SXP’s SMS requiring operator intervention and action by SXP in accordance with the Connection Form.
Sample 1
System Event has the meaning given to it in the PPA; "System Operator" has the meaning given to it in the Codes;
Sample 1
System Event has the meaning given to it in the PPA;
Sample 1

Related to System Event

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

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

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Public event means any event that can be attended by the

  • Discontinuation Event means (i) when the Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); (ii) any request by the Commission or any other Federal or state governmental authority for amendments or supplements to such Registration Statement or Prospectus or for additional information; (iii) the issuance by the Commission of any stop order suspending the effectiveness of such Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose; (iv) the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose; and/or (v) the occurrence of any event or passage of time that makes the financial statements included in such Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of such Registration Statement or Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

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

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

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

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Emergency Event means any situation arising from sudden and reasonably unforeseen natural disaster such as earthquake, flood, fire, or other acts of God, or other unforeseen events beyond the control of the portable engine or equipment unit operator, its officers, employees, and contractors that threatens public health and safety and that requires the immediate temporary operation of portable engines or equipment units to help alleviate the threat to public health and safety.

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

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • 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.

  • Removal Event has the meaning set forth in Section 12.12 hereof.

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

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

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Potential Change of Control means any public announcement or statement by the Issuer, or by any actual or potential bidder(s) relating to any potential Change of Control of the Issuer.

  • €STR Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • 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.

  • Notice Event means any of the events enumerated in paragraph (b)(5)(i)(C) of the Rule and listed in Section 4(a) of this Disclosure Agreement.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • 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;

  • Reduction Event means any of the following:

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