Provider Event of Default definition

Examples of Provider Event of Default in a sentence

• Upon a Provider Event of Default , provided that Provider or Financing Party does not cure such Event of Default by Provider, Host may terminate this Agreement, seek to recover damages for costs of replacement electricity and pursue any and all other remedies available at law or equity.

• In addition, upon Provider Event of Default, Host may seek to recover from Provider all Host Losses and/or pursue any other available remedies available at law or in equity.

• Upon a Provider Event of Default, Host may at its sole option require Provider to remove the Project and restore the Premises to its condition prior to installation of the Project.

• Failure to timely establish and/or fund in accordance with this paragraph such Decommissioning Assurance shall constitute a Provider Event of Default, for which the Host shall be entitled to exercise any of the remedies for default afforded under Section 19.

• The Services Provider shall deliver to the Facility Agent and the Collateral Agent, promptly after having obtained knowledge thereof (after reasonable inquiry), notice of any Services Provider Event of Default, Facility Termination Event or Material Modification.

• Event of Default means either Service Provider Event of Default or BBMP Event of Default or both as the context may admit or require.

• No Default with respect to a Reliant Event of Default, Default with respect to a Sleeve Provider Event of Default or Trigger Event shall have occurred and be continuing or would occur upon the Effective Date (and in connection therewith, the Sleeve Provider has run sample calculations with respect to Trigger Events during the period prior to the Effective Date at the request of and subject to receipt of applicable data from REPS).

• So long as no Unmatured Facility Termination Event, Facility Termination Event, Unmatured Services Provider Event of Default or Services Provider Event of Default has occurred and is continuing, such visits and inspections shall occur only (i) upon five Business Days’ prior written notice, (ii) during normal business hours and (iii) no more than once in any calendar year.

• In the absence of receipt of such notice, the Collateral Custodian may conclusively assume that there is no Facility Termination Event, Unmatured Facility Termination Event, Unmatured Services Provider Event of Default or Services Provider Event of Default, in each case unless it has actual knowledge of any such occurrence.

• The Services Provider shall deliver to the Facility Agent and the Collateral Agent, promptly after having obtained knowledge thereof (after reasonable inquiry), but in no event later than two Business Days thereafter, written notice in an Officer’s Certificate of any Unmatured Services Provider Event of Default or Unmatured Facility Termination Event.