PROTECTED EVENTS Sample Clauses

The "Protected Events" clause defines specific occurrences or circumstances that are recognized as significant under the contract, often triggering certain rights, obligations, or protections for one or both parties. Typically, these events might include force majeure situations, regulatory changes, or other unforeseen incidents that could impact the performance of contractual duties. By clearly identifying what constitutes a protected event, the clause helps allocate risk and provides a framework for how the parties should respond, ensuring clarity and reducing disputes when such events arise.
PROTECTED EVENTS. The following describes the types of Protected Events and the protection afforded under each Plan:
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PROTECTED EVENTS. The following Events may be protected by this Repayment Waiver which provides for certain payments to be waived by us as detailed below. This section must be read in conjunction with Sections ‘8.2. General Conditions’, and ‘8.3. Meanings of Words and Phrases’. Event: Your death during the Period of this Agreement.
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PROTECTED EVENTS. A Loan is protected according to the terms of this Agreement if You purchased the Program and You have paid the applicable Program fee.
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Related to PROTECTED EVENTS

  • Termination Events If the Early Termination Date results from a Termination Event:—

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Triggering Events The events referred to in Sections 3(f) and 5(a) hereof are as follows:

  • Servicer Termination Events For purposes of this Agreement, the occurrence and continuance of any of the following shall constitute a “Servicer Termination Event”: (a) Any failure by the Servicer to deposit into any Account any proceeds or payment required to be so delivered or to direct the Indenture Trustee to make the required payment from any Account under the terms of this Agreement that continues unremedied for a period of five Business days after written notice is received by the Servicer or after discovery of such failure by a Responsible Officer of the Servicer; (b) Failure on the part of the Servicer duly to observe or perform, in any material respect, any covenants or agreements of the Servicer set forth in this Agreement, which failure (i) materially and adversely affects the rights of the Securityholders and (ii) continues unremedied for a period of 60 days after discovery of such failure by a Responsible Officer of the Servicer or after the date on which written notice of such failure requiring the same to be remedied shall have been given to the Servicer by any of the Owner Trustee, the Indenture Trustee or Noteholders evidencing not less than 50% of the Outstanding Amount of the Controlling Class of Notes; (c) If any representation or warranty of the Servicer, in its capacity as Servicer, made in this Agreement shall prove to be incorrect in any material respect as of the time when the same shall have been made and the incorrectness of such representation or warranty has a material adverse effect on the Issuer or the Noteholders and such failure continues unremedied for 90 days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee or the Noteholders representing not less than 50% of the Outstanding Amounts of the Notes; or (d) The occurrence of an Insolvency Event with respect to the Servicer; provided, however, that a delay or failure of performance referred to under clause (a) above for a period of 10 days or clause (b) or (c) above for a period of 30 days will not constitute a Servicer Termination Event if such delay or failure was caused by force majeure or other similar occurrence.

  • Additional Disruption Events Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)” after the word “regulation” in the second line thereof.