Termination Default means (a) the purchase by the Funds of a security, other than a Government Security, (i) issued by an entity that was not on a list of Environmentally Qualified Investments provided to the Sub-Adviser by the Adviser at or before the time of purchase, or (ii) not included among securities the Sierra Club has otherwise indicated in writing would be added to such a list, the names of which securities will be provided to the Sub-Adviser by the Adviser, if such purchase of a security under (i) or (ii) is not promptly cured, at no cost to the Funds within thirty days after the sub-Adviser receives notice of such purchase, or (b) except to the extent the Sub-Adviser has taken reasonable efforts to dispose of the affected security, the continued holding by the Fund of a security, other than a Government Security, issued by an entity that the Sierra Club has removed from the list of Environmentally Qualified Investments, provided the Sierra Club or the Adviser has given thirty (30) days' prior written notice of such removal to the Sub-Adviser, if any such holding after removal from the list is not promptly cured at no cost to the Funds (where the value of the security is measured on the close of business on the last day of the 30-day period), or (c) there occurs a series of events which result in a sequence of violations of the prohibitions described in (a) and (b) above. If there occurs an affiliation, relationship or dealing by the Sub-Adviser with an entity engaged in conduct, acts or omissions that are environmentally offensive in the judgment of the Sierra Club, and the Sierra Club gives the Adviser notice that the Sierra Club intends to exercise (or has exercised) its right to withdraw the license under the Sierra Club Agreement with respect to the Fund or the Sub-Adviser, the Adviser agrees to promptly notify the Sub-Adviser accordingly. After the Sub-Adviser receives that notice, the Sub-Adviser shall have the choice to do either of the following: (a) give written notice to the Adviser of termination of this Agreement at least 25 days in advance, which will terminate this Agreement at the conclusion of that 25-day period; or (b) waive its Sub-Advisory Fee and/or remit to Adviser amounts equal to the compensation payable by the Adviser to the Sierra Club under the Sierra Club Agreement with respect to a withdrawal of the license for that reason, which will be either the compensation that otherwise would have been payable by the Adviser to the Sierra Club for...
Termination Default means an Event of Default that: (1) was material and would, if remaining uncured, compromise or threaten the physical stability of the rail line, the berm underlying the rail line or related transportation infrastructure; (2) involves Developer’s or assignee’s failure to fulfill the obligations set forth in Section 8.1 (Relocation) and Section 8.2 (Modification), Section 12 (Payment); Section 13 (Insurance), Section 14 (Indemnification), and Section 15 (Hazardous Material Indemnification).
Termination Default has the meaning expressed in Section 13.3.1. “Third Party Claim” has the meaning expressed in Section 11.1. “Transition Period” has the meaning expressed in Section 3.13(i). “Unavoidable Delay” has the meaning expressed in Section 15.23.1.
Examples of Termination Default in a sentence
These directions are the basis for formulating problem instances, used in the numerical experiments.
In the event any Seller Termination Default remains uncured following any applicable notice and cure period, Buyer shall have the right to provide Seller with written notice of its intent to Terminate the applicable Agreement or exercise the Purchase Option.
Within 2 Business Days of a Termination Default occurring, Belfast Gas shall send a Meeting Notice in accordance with paragraph 3 of the Terms of Reference convening a meeting of the Credit Committee and asking for Directions regarding the Termination Default.
Upon the occurrence of an ILUA Termination Default or an Indemnified Amount Default, the State may have possession or control (within the ordinary meaning of that term or as defined in the PPSA) of the Secured Property until the State is obliged to release the Secured Property from the Security Interests created by this deed.
At all times prior to the occurrence of an ILUA Termination Default or an Indemnified Amount Default and subject to clause 3(b), the Trustee may deal with the Secured Property in the manner set out in the Transaction Documents, including without limitation by exercising the Trustee’s powers under the Trust Deed and at law, but not otherwise.
More Definitions of Termination Default
Termination Default means any failure by the Franchisee to comply with the material terms and conditions of this Agreement, including the failures identified below:
Termination Default means (a) the purchase by the Funds of a security, other than a Government Security, (i) issued by an entity that was not on a list of Environmentally Qualified Investments at the time of purchase, or (ii) not included among securities the Sierra Club has otherwise indicated in writing would be added to such a list, if such purchase of a security under (i) or (ii) is not promptly cured at no cost to the Funds, or (b) except to the extent the Sub-Adviser has taken reasonable efforts to dispose of the affected security, the continued holding by the Funds of a security, other than a Government Security, issued by an entity that the Sierra Club has removed from the list of Environmentally Qualified Investments, provided the Sierra Club or the Adviser has given thirty (30) days' prior written notice of such removal to the Sub-Adviser, if any such holding after removal from the list is not promptly cured at no cost to the Funds, or (c) that is part of a sequence of violations of these prohibitions. If this Agreement is terminated as a result of an affiliation, relationship or dealings by the Sub-Adviser with an entity engaged in conduct, acts or omissions that are environmentally offensive in the judgment of the Sierra Club, the Sub-Adviser shall waive its Advisory Fee and/or remit to Adviser amounts equal to the compensation payable by the Adviser to the Sierra Club under the Sierra Club Agreement with respect to a termination for that reason, which is the compensation that otherwise would have been payable by the Adviser to the Sierra Club for one (1) year had no termination occurred (based on assets upon termination). However, if the Adviser chooses to continue the relationship with the Sub-Adviser with respect to the Funds as an exclusive arrangement in the manner that existed before such termination, the Sub-Adviser shall waive its Advisory Fee and/or remit to Adviser amounts equal to the compensation payable by the Adviser to the Sierra Club under the Sierra Club Agreement with respect to a termination for that reason, which is one-half of the compensation that otherwise would have been payable by the Adviser to the Sierra Club for the term of the Sierra Club Agreement with respect to that Fund. These requirements to waive the Sub-Advisory Fee and/or pay the Adviser as a result of the termination of this Agreement shall survive the termination of this Agreement.
Termination Default has the meaning set forth in Section 8.1.
Termination Default means that the Supplier is in Default and:
Termination Default means a default as described in Clauses 11.3 to 11.5.
Termination Default has the meaning set forth in Article XIV herein.
Termination Default by the Franchisee means and includes the following: