Disposal Procedures Failure definition

Disposal Procedures Failure means that the Disposal Agent (a) has not arranged the liquidation of the Disposal Assets required in accordance with these Conditions, the Programme Deed and/or the Drawdown Deed on or before the Mandatory Redemption Date, and (b) has not delivered a Disposal Procedures Certificate to the Issuer on or before the Mandatory Redemption Date, including by reason of the appointment of the Disposal Agent terminating in accordance with Base Condition 9.4 and a successor Disposal Agent not being appointed in accordance with Base Condition 9.4.
View Source
Disposal Procedures Failure means that the Disposal Agent (a) has not arranged the liquidation of the Disposal Assets required in accordance with these Conditions, the Programme Deed and/or the Drawdown Deed on or before the Mandatory Redemption Date, and (b) has not delivered a Disposal Procedures Certificate to the Issuer on or before the Mandatory Redemption Date, including by reason of the appointment of the Disposal Agent terminating in accordance with Base Condition 9.4 and a successor Disposal Agent not being appointed in accordance with Base Condition 9.
View Source

Related to Disposal Procedures Failure

  • Appraisal Procedure means a procedure whereby two independent appraisers, one chosen by the Company and one by the Investor, shall mutually agree upon the Fair Market Value. Each party shall deliver a notice to the other appointing its appraiser within 10 days after the Appraisal Procedure is invoked. If within 30 days after appointment of the two appraisers they are unable to agree upon the Fair Market Value, a third independent appraiser shall be chosen within 10 days thereafter by the mutual consent of such first two appraisers. The decision of the third appraiser so appointed and chosen shall be given within 30 days after the selection of such third appraiser. If three appraisers shall be appointed and the determination of one appraiser is disparate from the middle determination by more than twice the amount by which the other determination is disparate from the middle determination, then the determination of such appraiser shall be excluded, the remaining two determinations shall be averaged and such average shall be binding and conclusive upon the Company and the Investor; otherwise, the average of all three determinations shall be binding upon the Company and the Investor. The costs of conducting any Appraisal Procedure shall be borne by the Company.

  • Consistent Failure means any of:

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Disposal Proceeds means the consideration receivable by any member of the Group (including any amount receivable in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds and after deducting: