Exceptional Event Sample Clauses

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Exceptional Event. 4.6.1 If a Party is prevented from performing any of its obligations under this Agreement by, or due to, an Exceptional Event then it shall give a Notice to the other Party providing a description of the Exceptional Event together with an assessment of its effects on the Party's ability to comply with its obligations under this Agreement. The Notice shall be given within fourteen (14) days from when the Party becomes aware, or should have become aware, of the event or circumstance constituting an Exceptional Event. The Party having given Notice shall be excused from performance of such obligations for so long as the effects of the Exceptional Event prevent such performance.
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Exceptional Event. In case an Exceptional event occurs and the Parties are not able to apply the Matching Procedure, they shall contact each other in the most appropriate way with a request for an immediate steering adjustment. The quantities to be allocated to the Shippers for such hour(s) will be defined in mutual agreement between the Parties based on the allocation rules (as laid down in Exhibit I).
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Exceptional Event. 5.6.1. Should an Exceptional event occur in the DESFA’s or BULGARTRNSGAZ’s Natural Gas Transmission System which influences or may influence the Natural Gas flow through the IP, the Party whose system is affected shall inform the other Party within thirty (30) minutes and take the necessary actions to minimize possible influence of such event on its Natural Gas Transmission System. 5.6.2. Within one (1) day from an Exceptional event occurrence, the affected Party shall prepare a report including as a minimum the following: a) Description of the Exceptional event and the causes of its occurrence; b) Hour of occurrence of the Exceptional event and the estimated time of its elimination; c) Available IP capacity until the Exceptional event’s elimination; and d) Operations necessary for the restoration of the IP capacity; 5.6.3. The affected Party in whose system the Exceptional event occurred shall inform the other Party of the progress of the remedial actions. Mutual remedial actions will be agreed upon and applied, if needed. 5.6.4. Upon completion of the Exceptional event repair works, the affected Party shall inform the other Party of the restoration of the IP capacity.
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Exceptional Event. If a party is not permitted to perform it’s obligations due to an exceptional event, a Notice shall be given within 14 days from when the Party becomes aware of the such event. • Where an Exceptional Event gives rise to a mandatory change in the scope, it leads to variation and consultant is entitled to claim EOT as well if, delay happens due to such event. • The commitment of payment under agreement shall not be excused by an exceptional event.
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Exceptional Event. Parties agree to replace Sub-clause 4.6.2 which shall read as follows:
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Exceptional Event. 5.6.1. Should an Exceptional event occur in the DESFA’s or BULGARTRNSGAZ’s Natural Gas Transmission System which influences or may influence the Natural Gas flow through the IP, the Party whose system is affected shall inform the other Party within thirty (30) minutes and take the necessary actions to minimize possible influence of such event on its Natural Gas Transmission System. 5.6.2. Within one (1) day from an Exceptional event occurrence, the affected Party shall prepare a report including as a minimum the following: a) Description of the Exceptional event and the causes of its occurrence; b) Hour of occurrence of the Exceptional event and the estimated time of its elimination; c) Available IP capacity until the Exceptional event’s elimination; and
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Exceptional Event. A detailed exceptional event procedure, which shares the risk of an event between the client and consultant has been included in the 5th edition. A new provision for Variation is also added i.e. Where an Exceptional Event gives rise to an unavoidable change in the scope of Services then a variation shall be issued by the Client.
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Exceptional Event. 5.6.1. Should an Exceptional event occur in the DESFA’s or BULGARTRNSGAZ’s Natural Gas Transmission System which influences or may influence the Natural Gas flow through the IP, the Party whose system is affected shall inform the other Party within thirty
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Related to Exceptional Event

  • Special Events For the purposes of this Agreement, “special events” are defined as:

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Consequences of a Servicer Termination Event If a Servicer Termination Event shall occur and be continuing, the Trust Collateral Agent may, or at the direction of the Majority Noteholders shall, by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Noteholders) terminate all of the rights and obligations of the Servicer under this Agreement. On or after the receipt by the Servicer of such written notice or upon termination of the term of the Servicer, all authority, power, obligations and responsibilities of the Servicer under this Agreement, whether with respect to the Notes, the Certificate or the Other Conveyed Property or otherwise, shall pass to, be vested in and become obligations and responsibilities of the successor Servicer appointed by the Majority Noteholders; provided, however, that the successor Servicer shall have no liability with respect to any obligation which was required to be performed by the terminated Servicer prior to the date that the successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the terminated Servicer. The successor Servicer is authorized and empowered by this Agreement to execute and deliver, on behalf of the terminated Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and the Other Conveyed Property and related documents to show the Trust as lienholder or secured party on the related Lien Certificates, or otherwise. The terminated Servicer agrees to cooperate with the successor Servicer in effecting the termination of the responsibilities and rights of the terminated Servicer under this Agreement, including, without limitation, the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the terminated Servicer for deposit, or have been deposited by the terminated Servicer, in the Collection Account or thereafter received with respect to the Receivables and the delivery to the successor Servicer of all Receivable Files, Monthly Records and Collection Records and a computer tape in readable form as of the most recent Business Day containing all information necessary to enable the successor Servicer to service the Receivables and the Other Conveyed Property. The terminated Servicer shall grant the Trust Collateral Agent, the successor Servicer and the Majority Noteholders reasonable access to the terminated Servicer’s premises at the terminated Servicer’s expense.

  • Additional Event of Suspension Section 4.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.

  • Additional Events of Default In addition to the Events of Default set forth in the Indenture, the term “Event of Default,” whenever used in the Indenture or this Supplemental Indenture with respect to the Senior Notes, means any one of the following events (whatever the reason for such Event of Default and whether it may be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree, or order of any court or any order, rule, or regulation of any administrative or governmental body): (a) the failure to redeem the Senior Notes when required pursuant to the terms and conditions thereof or to pay the repurchase price for Senior Notes to be repurchased in accordance with Section 3.2 of this Supplemental Indenture; (b) any nonpayment at maturity or other default under any agreement or instrument relating to any other Indebtedness of the Company or any of its Restricted Subsidiaries (the unpaid principal amount of which is not less than $100.0 million), and, in any such case, such default (i) continues beyond any period of grace provided with respect thereto and (ii) results in such Indebtedness becoming due prior to its stated maturity or occurs at the final maturity of such Indebtedness; provided, however, that, subject to the provisions of Section 9.01 and 8.08 of the Indenture, the Trustee shall not be deemed to have knowledge of such nonpayment or other default unless either (1) a Responsible Officer of the Trustee has actual knowledge of nonpayment or other default or (2) the Trustee has received written notice thereof from the Company, from any Holder, from the holder of any such Indebtedness or from the trustee under the agreement or instrument, relating to such Indebtedness; (c) the entry of one or more final judgments or orders for the payment of money against the Company, the Guarantor or any of their respective Restricted Subsidiaries, which judgments and orders create a liability of $100.0 million or more in excess of insured amounts and have not been stayed (by appeal or otherwise), vacated, discharged, or otherwise satisfied within 60 calendar days of the entry of such judgments and orders; (d) the Guarantee ceases to be in full force and effect (except as contemplated by the terms of the Indenture) or is declared in a judicial proceeding to be null and void, or the Guarantor denies or disaffirms in writing its obligation under the Guarantee; and (e) Events of Default of the type and subject to the conditions set forth in clauses (vii) and (viii) of Section 8.01(a) of the Indenture in respect of any Significant Subsidiary or, in related events, any group of Subsidiaries of the Company or Guarantor which, if considered in the aggregate, would be a Significant Subsidiary of the Company or Guarantor.