Down Period Sample Clauses

Down Period. Upon receipt of the other party's notice of termination of this Agreement for convenience or for cause, the party receiving such notice may exercise the wind-down period described in this section. Notwithstanding the foregoing, if StarMedia Network is in default of its payment obligations, and has failed to place all disputed amounts in a standard escrow account, StarMedia Network shall not be entitled to a wind-down period, as hereinafter defined. The wind-down period will commence upon receipt of the other party's request to exercise this option, and will continue until such date as StarMedia Network specifies in writing to IBM that the IBM Services are no longer required to be provided; provided, however, that in no event shall IBM be required to provide wind-down period support for more than 270 days following commencement of the wind-down period. During the wind-down period, IBM will provide the IBM Services in accordance with the terms and conditions of this Agreement. IBM will provide mutually agreeable transition assistance to StarMedia Network, and will cooperate with StarMedia Network and any successor service provider designated by StarMedia Network to ensure a coordinated orderly transition for StarMedia Network and StarMedia Network End Users without service disruptions or service quality issues. Throughout the wind-down period, this Agreement shall continue in effect without modification. StarMedia Network shall make any other undisputed payments as set forth in this Agreement during the Service Wind-Down Period. StarMedia Network will use reasonable efforts to advise IBM initially and on a continuing basis of its plan to transfer StarMedia Network End Users to a successor service provider. Thirty days after the termination date of this Agreement, StarMedia Network and IBM shall prepare, review with their respective Project Executives, modify and approve a detailed wind-down period project plan to be effective over the remaining days of the wind-down period. To the extent feasible and upon request by StarMedia Network, during the wind-down period, IBM will transfer all applicable electronic and/or magnetic information to any successor service provider, including but not limited to, the registered user names of and billing information for all users of the StarMedia Network services.
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Down Period. The Borrower shall make such ---------------------------------------- prepayments of Borrowings used to fund Quarterly Distributions as are required in order to comply with Section 6.15. For purposes of calculating compliance with Section 6.15, when a prepayment of Loans is made pursuant to this Section 2.04, unless otherwise specified by the Borrower, such prepayment shall first be considered to prepay Loans made for Quarterly Distributions, and second be considered to prepay Loans made for other purposes permitted by Section 6.12.
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Down Period 
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Related to Down Period

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • Meal Period Employees shall receive a meal period which shall commence no less than two (2) hours nor more than five (5) hours from the beginning of the employee's regular shift or when the employee is called in to work on their regular day off. The meal period shall be no less than one-half (½) hour nor more than one (1) hour in duration and shall be without compensation. Should an employee be required to work in excess of five (5) continuous hours from the commencement of their regular shift without being provided a meal period, the employee shall be compensated two (2) times the employee's straight-time hourly rate of pay for the time worked during their normal meal period and be afforded a meal period at the first available opportunity during working hours without compensation.

  • Xxxxx Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the payment of any Dues due. During this grace period, the Agreement will remain in force. However, the Subscriber will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • HSR Waiting Period The waiting period applicable to the consummation of the Merger under the HSR Act shall have expired or been terminated.

  • PRORATION PERIOD The Tenant: (check one)

  • Break Period All employees working in full time (7 or 7.5 hour) positions shall be permitted a fifteen (15) minute rest period both in the first half and the second half of a shift.

  • Waiting Period All full-time employees who are actively working and have completed thirty (30) days service shall be enrolled for the coverages and benefits set forth in this Exhibit as a condition of employment.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Lock-Up Period Participant hereby agrees that Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred and eighty (180) day (or other) period. Participant agrees that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section 4.

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