Tolling event means 1[the action or inaction of a third party,
Tolling event means any action or inaction of the PJM
Tolling event has the meaning assigned in Section 8.03(c).
Examples of Tolling event in a sentence
Upon the termination or cure of any Tolling Event, Borrower’s obligation to pay amounts outstanding on this Note will immediately be reinstated.
For clarity, in the event that the FDA requires Company to redo development work on the Product that was previously performed by a third party due to a change in formulation or for any other reason, such requirement will be deemed to be a Tolling Event and Company’s obligation to meet the requirements of this Section 6 will be adjusted accordingly.
The Developer shall notify the Township in writing of any proposed tolling of a Project schedule date necessitated by a Tolling Event.
Following resolution of any Tolling Event or in the event a Tolling Event does not occur, if Licensee believes that it will be unable to achieve a particular Milestone by the relevant Achievement Date, Licensee may extend such Achievement Date by a period of up to twelve (12) months upon the payment of a fee (the “Extension Fee”) equal to $10,000, which extension Company must exercise no later than thirty (30) days before such Achievement Date.
If, within thirty (30) days following receipt of such notice, the Developer delivers written notice to the Authority electing to implement this Section 13.20, then the Term shall be tolled for such number of full calendar months commencing with the calendar month immediately following such Tolling Event and ending with (and including) the calendar month immediately prior to the Recommencement Month (the "Tolling Period").
More Definitions of Tolling event
Tolling event means any of the following events or transactions occurring on or after the date hereof:
(i) The Company or any of its Significant Subsidiaries, without having received the Acquiror's prior written consent, shall have entered into an agreement to engage in an Acquisition Transaction with any person other than the Acquiror or any of its Subsidiaries (each an "Acquiror Subsidiary"), or the Company Board shall have recommended that the stockholders of the Company approve or accept any Acquisition Transaction with any person other than the Acquiror or an Acquiror Subsidiary.
(ii) Any person other than the Acquiror or any Acquiror Subsidiary shall have acquired beneficial ownership or the right to acquire beneficial ownership of 20% or more of the outstanding shares of Company Common Stock (the term "beneficial ownership" for purposes of this Agreement having the meaning assigned thereto in Section 13(d) of the Exchange Act, and the rules and regulations thereunder);
(iii) The stockholders of the Company shall have voted and failed to approve this Agreement at a meeting which has been held for that purpose or any adjournment or postponement thereof, or such meeting shall not have been held or shall have been canceled prior to termination of this Agreement if, prior to such meeting (or if such meeting shall not have been held or shall have been canceled, prior to such termination), it shall have been publicly announced that any person (other than the Acquiror or any of its Subsidiaries) shall have made, or disclosed an intention to make, a bona fide proposal to engage in an Acquisition Transaction;
(iv) The Company Board shall have withdrawn, modified or qualified (or publicly announced its intention to withdraw, modify or qualify) in any manner adverse in any respect to the Acquiror its recommendation that the stockholders of the Company approve the transactions contemplated by this Agreement in anticipation of engaging in an Acquisition Transaction, or Company shall have authorized, recommended, proposed (or publicly announced its intention to authorize, recommend or propose) an agreement to engage in an Acquisition Transaction with any person other than the Acquiror or a Acquiror Subsidiary;
(v) Any person other than the Acquiror or any Acquiror Subsidiary shall have filed with the SEC a registration statement or tender offer materials with respect to a potential exchange or tender offer that would constitute an Acquisition Transaction (or filed a preliminary...
Tolling event means 1[the action or inaction of a third party, or occurrence or circumstance that delays the timely completion or commercial operation of a qualified solar electric power generation facility, that is not within the reasonable control of the project sponsor of the qualified solar electric power generation facility, and shall be limited solely to the failure of an electric public utility or PJM Interconnection, L.L.C. to approve an application for interconnection with the utility distribution system or interstate transmission system, or to negotiate, execute, and deliver any other engineering or other studies, agreements, or approvals required by the electric public utility or PJM Interconnection, L.L.C. as a prerequisite to project interconnection or commercial operation, within such time period as would allow a project sponsor to achieve commercial operation of a qualified solar electric power generation facility pursuant to an award, authorization, or conditional approval under a solar incentive program] any action or inaction of the PJM Interconnection, L.L.C., 3[or an applicable electric public utility,]3 any moratorium in new applications declared by the PJM Interconnection, L.L.C., 3[or an applicable electric public utility,]3 any deferral in processing of existing applications by the PJM Interconnection, L.L.C., 3[or an applicable electric public utility,]3 any new application process, study, report, or analysis established by the PJM Interconnection, L.L.C., 3[or an applicable electric public utility,]3 to approve and contract a project, 2[or]2 the deferral to negotiate, execute, and deliver any other engineering or other studies, agreements, or approvals required by the PJM Interconnection, L.L.C., 3[or an applicable electric public utility,]3 as a prerequisite to project interconnection or commercial operation of a qualified solar electric power generation facility 3[, 2[that] or any undue delay in the provision of a permit or approval required by a local government unit, including a local land use board, caused by the action or inaction of the local government unit, which2 delays the timely completion or commercial operation of a qualified solar electric power generation facility1]3 .
Tolling event means the occurrence of any “default,” “event of default” or similar term under and as defined in the debt documents of Parent and its Subsidiaries listed on Schedule 1.1, in each case, as in effect on the date hereof.
Tolling event has the meaning set forth in Section 1.1 of the Buyer Disclosure Schedules.
Tolling event means following a Casualty Event, the failure of the monthly Revenues of the Gaming Facility to equal at least fifty percent (50%) of the Average Gaming Facility Revenues for three (3) consecutive Fiscal Months.
Tolling event means, following a Casualty Event, the failure of the monthly Revenues of the Casinos to equal at least fifty percent (50%) of the Average Casino Revenues for three (3) consecutive months. "Tolling Period" has the meaning set forth in Section 16.14 below. "Tribe" means the Mohegan Tribe of Indians of Connecticut, a federally recognized Indian tribe and its permitted successors and assigns. "Unsecured Senior Refinancing Indebtedness" means any Senior Indebtedness other than Senior Secured Indebtedness that is issued as part of the Proposed Financing and is underwritten or privately placed by an investment banking firm. "Year-End Statement" has the meaning set forth in Section 6.1(c) below.
Tolling event means, following a Casualty Event, the failure of the monthly Revenues of the Gaming Facility to equal at least fifty percent (50%) of the Average Gaming Facility Revenues for three(3) consecutive Fiscal Months.