Utility Default definition

Utility Default shall have the meaning as set forth in Clause 19.2.1;
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Utility Default defined in Section 12.4;
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Examples of Utility Default in a sentence

  • If any Utility Default or Owner's Default creates an imminent risk of damage or injury to any Person or any Person's property, then in any such case, in addition to any other right or remedy that the non-defaulting Party may have, the non-defaulting Party may (but shall not be obligated to) take such action as the non-defaulting Party deems appropriate which may include disconnecting and removing all or a portion of the System, or suspending the supply or receipt of Energy from the System, as applicable.

  • Utility Default Service rates may not be known for the entirety of any Program supply contract.

  • Spot Market Indexed Products (Estimate) Utility Default RTPUtility Optional RTPPercent of System Peak Load Exposed to Hourly Spot Market Prices11%10%9%8%7%6%5%4%3%2%1%0%New Jersey Maryland NMPC service territory Figure ES-4.

  • Utility Default Service rates may not be known for the entirety of any Program supply contract.Plaistow Community Power Product Summary Table: Automatic Enrollment Plaistow BasicPlaistow DefaultPlaistow 50%Plaistow 100%Lowest RateCompetitive RateSmall IncreaseMarket RateMeets state minimum requirementsTarget 5-10% additional renewable energyTargets 50% renewable energyTarget 100% renewable energySee written descriptions in Section V.a for more information.

  • During the Utility Default Period, Tenant’s Utility Payment shall be equal to Tenant’s Utility Payment (Default).

  • Utility Default Service rates may not be known for the entirety of any Program supply contract.Newbury Community Power Product Summary Table: Automatic Enrollment Newbury BasicNewbury DefaultNewbury 50%Newbury 100%Lowest RateCompetitive RateSmall IncreaseMarket RateMeets state minimum requirementsTarget 5-10% additional renewable energyTargets 50% renewable energyTarget 100% renewable energySee written descriptions in Section V.a for more information.

  • Utility Default Service rates may not be known for the entirety of any Program supply contract.Wilton Community Power Product Summary Table: See written descriptions in Section V.a for more information.

  • If any Utility Default or Owner Default creates an imminent risk of damage or injury to any Person or any Person's property, then in any such case, in addition to any other right or remedy that the non-defaulting Party may have, the non-defaulting Party may (but shall not be obligated to) take such action as the non-defaulting Party deems appropriate, which may include disconnecting and removing all or a portion of the System, or suspending the supply or receipt of Energy from the System, as applicable.

  • Upon notice from SJCC of the occurrence of a Utility Default Condition under Sections 12.4(A)(1) - (6), Utility may seek to avoid or cure the Utility Default Condition pursuant to the provisions of Section 12.4(D).

  • Public Approval Process and Next Steps 13Appendices 15Appendix 1: Definition of Terms and Reference Links 15Appendix 2: Legislative Background and Local Control Authorities 19Appendix 3: Utility Default Procurement Cycles and Rate Setting 23Executive Summary‌Peterborough Community Power is a new program, authorized by the New Hampshire legislature, to provide electricity to residents, businesses, and other entities on a competitive basis.

Related to Utility Default

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Non-Monetary Default Cure Period shall have the meaning assigned to such term in Section 11(d).

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Landlord Default shall have the meaning given such term in Article 14.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Default means any event which is, or after notice or passage of time or both would be, an Event of Default.