Compliance Period Clause Samples
The Compliance Period clause defines the specific timeframe during which a party must adhere to certain obligations or standards set out in an agreement. Typically, this period is clearly stated in the contract and may relate to regulatory requirements, performance benchmarks, or ongoing duties such as reporting or maintenance. By establishing a defined window for compliance, this clause ensures that all parties are aware of their responsibilities and deadlines, thereby reducing ambiguity and helping to prevent disputes over whether obligations have been met.
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Compliance Period. This Agreement must be fully executed within six (6) months after the date of the Findings for the annexation and zoning or it is null and void.
Compliance Period. The covenant set forth in subsection (a) above shall have no further force or effect, and the Borrower shall no longer be required to comply therewith, at any time after the Maturity Date, unless at any such time any Loan or any other amount payable hereunder or under any Note shall remain unpaid or any Letter of Credit shall remain outstanding.
Compliance Period. The period over which companies measure their performance against the Commitments of the Voluntary Agreement.
Compliance Period. For purposes of this Agreement, the "Compliance Period" shall commence on the effective date of this Agreement under Section 3(a). If an event of termination under Section 7(a) hereof occurs prior to the expiration of the term of this Agreement, the Compliance Period shall end: (i) if Executive elects to receive Severance Payments in lump sum form under Section 7(b), on the second anniversary of the termination of Executive's employment; and (ii) otherwise, on the later of (A) the expiration of six months from the date of termination of Executive's employment, and (B) the end of the period for which Executive is entitled to receive Severance Payments. If Executive's employment by the Company is terminated in accordance with Section 7(c) hereof prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of the expiration of the term of this Agreement and the first anniversary of the termination of Executive's employment. In all cases other than those described in the two preceding sentences, the Compliance Period shall end on the expiration of the term of this Agreement.
Compliance Period. For purposes of Section 9(b) of this Agreement, the "Compliance Period" shall commence on the Effective Date. If an event of termination under Section 7(a) hereof occurs prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of (A) the expiration of six months from the date of termination of Executive's employment, and (B) the end of the period for which Executive is entitled to receive Severance Payments. If Executive's employment by the Company terminates in accordance with Section 7(c) hereof or if Executive voluntarily terminates employment (other than pursuant to Section 7(a)(ii)) prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of the expiration of the term of this Agreement and the second anniversary of the termination of Executive's employment. In all cases other than those described in the two preceding sentences, the Compliance Period shall end on the expiration of the term of this Agreement.
Compliance Period. This Agreement must be fully executed and recorded within one (1) year after the date of the adoption of the Decision or it is null and void and of no further force or effect.
Compliance Period. During the period from the date of notification of the Superintendent/ designee (on or about November 15th) to August 15th ,the member will take steps to correct the deficient certification/licensure or attain "highly qualified" status under the No Child Left Behind Act of 2001. On or about June 15th, the member will schedule a meeting with the Superintendent or his designee to show compliance. Completion of compliance or sufficient assurance thereof will be provided by August 15th.
Compliance Period. The compliance period is defined as the time frame beginning after the completion of the performance period and ending when payment is made in full on the Promissory Note described herein, which payments are due and payable no later than 55 years after receipt of a certificate of occupancy for the Project. The date demarcating the beginning of the compliance period shall be the date of issuance of the Project’s Certificate of Occupancy or the date of completion indicated in the Certificate of Occupancy, whichever is sooner, and which Contractor shall provide the Department of Housing, along with a housing completion report on forms provided by the County. Thereafter on an annual basis, or more often if required by the County, Contractor shall provide the County with information necessary to monitor the Project relating to program compliance matters. Annual information required shall include: evidence of continuing fire and liability insurance; annual certified financial audit; tenant incomes and rents; certificate of continuing use, and any other compliance information as may be required by the County. Project financing is anticipated to include proceeds from low- income tax credits. As such, the Project rents and occupancy will be restricted by this funding source to low income occupancy with affordable rents. Financing provided under this Agreement is not intended to make the rents and occupancy more restrictive than those required by this or other affordable housing finance sources. Compliance with these other requirements shall constitute compliance with County requirements. Exhibit C describes in greater detail the quarterly performance reporting in greater detail. Notwithstanding Section 12(a) of this Agreement pertaining to retention of records, Contractor shall maintain all required records for a period of three (3) years after the end of the Compliance Period and all other pending matters are closed.
Compliance Period. BOAC previously certified the LAX Northside EIR, which evaluated recreation, open space and community uses on the Premises. Within one (1) year of the Effective Date, Lessee shall complete under LAWA’s direction the LAX Specific Plan Compliance determination pursuant to Section 7 of the LAX Specific Plan for the construction and operation of the Recreational Improvements and any related environmental review that may be required for compliance with the California Environmental Quality Act (“CEQA”) and the National Environmental Policy Act (“NEPA”) (collectively, “Environmental Documents”), and shall obtain any other necessary approvals from BOAC and FAA to develop the Premises (collectively, the “Compliance Approval Process”). LAWA shall direct and coordinate such Compliance Approval Process and Lessee shall cooperate with LAWA in the preparation of any required Environmental Documents. Any final Environmental Documents shall be subject to LAWA’s review, revision (if any), and approval. Lessee shall be solely responsible for all costs associated with the Compliance Approval Process, including but not limited to any litigation costs. Lessee shall comply with and implement, at ▇▇▇▇▇▇’s sole cost, applicable environmental mitigation measures. Any development of the Premises is contingent on compliance with all applicable FAA requirements.
Compliance Period. The Compliance Period is defined as the time frame beginning the day after the completion of the Performance Period and ending no earlier than fifty- five (55) years from the first day of the Compliance Period. The Compliance Period will begin the first day after the date of issuance of the Certificate of Occupancy, the Certificate of Completion, or some other document acceptable to DOH. Within 90 days of the beginning of the Compliance Period, Contractor shall provide DOH with a completion report and client beneficiary profile on forms provided by the DOH Within 90 to 180 days after the beginning of the Compliance Period, Contractor shall provide DOH with a housing completion report and tenant profile described below on forms provided by the DOH. Upon Contractor request to DOH, the due dates for these reports may be extended to accommodate a longer lease-up period as the case may be. The aforementioned forms are accessible on the DOH website, accessible on DOH website, ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇. Thereafter on an annual basis during the Compliance Period, or more often if required by the County, Contractor shall provide the County with information necessary to monitor the Project relating to program compliance matters. Annual information required will include: evidence of continuing fire and liability insurance; annual certified financial audit; tenant incomes and rents; and any other compliance information as may be required by the County.