After the Initial Period Sample Clauses
The 'After the Initial Period' clause defines the terms and conditions that apply once the initial term of an agreement has ended. Typically, this clause outlines whether the contract will automatically renew, continue on a month-to-month basis, or require renegotiation for extension. For example, it may specify notice requirements for termination or changes in pricing after the initial period. Its core function is to provide clarity and structure for the ongoing relationship between the parties after the original commitment period concludes, preventing uncertainty or disputes about what happens next.
After the Initial Period long term placement Subject to clause 5.5 and after the Initial Period has lapsed, any Party may end the Placement by giving twenty eight (28) days’ notice or on such date as agreed by all of the Parties. During the notice period the Council and if relevant the Person and Third Party will continue to be liable for their financial contribution. The Care Home Provider agrees that the departure of the Person from the Care Home will be conditional on the Council securing suitable arrangements for the future care of the Person unless clauses 5.9 or
After the Initial Period. After the Initial Period, there shall at all times be 10 (ten) Trustees on the board of Trustees.
After the Initial Period termination in the event of a breach
27.1 You may terminate the Contract upon written notice (immediately) at any time in any of the following circumstances:
27.1.1 the Home ceases to be registered with the Care Quality Commission as a care home for the elderly;
27.1.2 we are in breach of our statutory duty to you; or
27.1.3 we are in fundamental breach of the terms of this Contract and such breach continues for at least 30 days; and
27.2 We may terminate the Contract upon seven days written notice at any time in the following circumstances:
27.2.1 the Fee remains unpaid for a period of more than 30 days;
27.2.2 you frequently fail to pay the Fee in full and/or on time;
27.2.3 you have been absent from the Home for a period at least six weeks and, following consultation, we agree it will not be possible or appropriate for you to resume your stay at the Home;
27.2.4 we reasonably believe that your behaviour is such that you present a significant risk of serious harm to other residents’ health their well-being or the safe management or running of the Home and despite our reasonable endeavours to discuss these concerns with you, this has not improved to our reasonable satisfaction; or
27.2.5 either all or part of the Home is forced to close either permanently or temporarily for a period in excess of six months due to circumstances outside our reasonable control, such as war, civil disorder, industrial action, fire, flood or any severely adverse weather conditions.
27.3 Termination of this Agreement, in whatever way it occurs, shall not affect rights and obligations that arise out of anything done or omitted before termination or in respect of the period prior to such termination and any outstanding Fees due and payable to us, together with any interest due and arising thereon, shall continue to be payable by the relevant payers under this Agreement.
27.4 In the event of your death:
27.4.1 this Agreement shall automatically terminate, except for terms that are intended to continue afterwards;
27.4.2 any outstanding Fees due and payable by you to us, together with any interest due thereon, shall be charged to your estate;
27.4.3 any sums due to us from your Representative will continue to be payable; and
27.4.4 we will not charge any Fees from the date of death.
27.5 If we hold any cash for you if you die, or if you are due a refund in respect of any care fees paid in advance, we shall pay such refund to your bank account (within 28 days) if it is still then op...
After the Initial Period. (i) If there is a vacancy in respect of two or more Directors in the period falling between annual general meetings, then the Directors shall forthwith convene a special general meeting in accordance with the Act and these Bye-laws, such meeting to be held within three months of the date on which the second vacancy occurred; provided that no such special general meeting shall be convened if the second vacancy occurs within the period falling three months before the next successive annual general meeting;
(ii) The purpose of the special general meeting shall be the re-election of the Supervisory Board;
(iii) At such special general meeting, all Directors shall retire from office but be eligible for re-election, together with any other persons nominated by a Member or Members holding not less than one-twentieth of the issued voting shares of the Company, details of such nominations to be given to the Members in accordance with Bye-law 26 at least five Clear Days in advance of the date of such special general meeting; and
(iv) A vacancy in respect of one Director shall remain open and unfilled until the next successive annual general meeting, unless otherwise provided in this Bye-law
After the Initial Period the Offer Price shall be calculated and announced by the Management Company on the following basis: The Offer Price shall be equal to the sum of:
(a) The Net Assets of the Fund as valued according to 7.1 above;
(b) Any Front-end Load;
(c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges;
(d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs.
(e) The resulting sum will be divided by the number of Units outstanding in the Fund and the resulting value shall be adjusted to the nearest Paisa.
(f) The cut off timing for receiving application forms is as follows: Day Time Monday to Friday 09:00 am to 05:00 pm
(g) All forms shall be received at the registered address of the Management Company or at the authorized branch of the Management Company or the Authorized Branches of the Distributors during the above mentioned time. Updated list of the addresses of the Management Company and authorized branches of the Management Company and Authorized Branches of the Distributors is disclosed in the Offering Document.
11. Amendment of sub-clause 7.2.4
After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the Business Day, less:
(a) any Back-end Load; and
(b) such amount as the Management Company may consider an appropriate provision for Duties and Charges; and
(c) such amount as the Management Company may consider an appropriate provision for Transaction Costs; such amount to be adjusted downwards to the nearest paisa.
After the Initial Period the Redemption Price shall be equal to the Net Assets of the Fund as calculated according to section 7.1 above, less:
(a) Any Deferred Sales Load;
(b) Any taxes imposed by the Government;
(c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges;
(d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs;
(e) The resulting sum will be divided by the number of Units outstanding in the Fund and the resulting value shall be adjusted to the nearest Paisa
(f) The cut off timing for receiving application forms is as follows.
(g) All forms shall be received at the registered address of the Management Company or at the authorized branch of the Management Company or the Authorized Branches of the Distributor during the above mentioned time. Updated list of the addresses of the Management Company and authorized branches of the Management Company and the Authorized Branches of the Distributors is disclosed in the Offering Document.
13. Amendment of Sub-clauses 7.3.4 and 7.3.
After the Initial Period the Offer Price shall be determined from time to time pursuant to sub-clause 9.2 of this Deed and the Regulations.”