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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 During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • 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 under the HSR Act shall have expired or been terminated.

  • Negotiation Period The Parties shall negotiate in good faith and attempt to resolve any dispute, controversy or claim arising out of or relating to this Agreement (a “Dispute”) within 30 days after the date that a Party gives written notice of such Dispute to the other Party.

  • 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.

Most Referenced Clauses

Most Referenced Definitions