Exchange Cycle Sample Clauses

Exchange Cycle. Customer and Hilti may agree to exchange FM Tools quarterly, half yearly or yearly on a common exchange date for new FM Tools. In this case, the initial Tool Periods for the respective FM Tools shall be extended and Customer shall continue to pay the Monthly Fleet Fees until the common exchange date. • On the agreed common exchange date, the Customer shall return the FM Tools agreed to be exchanged to Hilti. If the Customer does not return the FM Tools as agreed, the process set out in clause 8.3 applies.
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Exchange Cycle. Customer and Hilti may agree to exchange Tools quarterly, half yearly or yearly on a common exchange date for new Tools. In this case, the initial Tool Periods for the respective Tools shall be extended and Customer shall continue to pay the Monthly Fleet Fees until the common exchange date. • On the agreed common exchange date, the Customer shall return the Tools agreed to be exchanged to Hilti. If the Customer does not return the Tools as agreed, the process set out in clause 9.3 applies.
Sample 1
Exchange Cycle. In agreement with the customer, all Contractual Products may be exchanged monthly, quarterly, half-yearly or yearly and will lead to a usage time prolongation according to the exchange date and the Tool List. The Monthly Usage Fee will further continue to be charged for the respective Contractual Products until the extended exchange date.
Sample 1

Related to Exchange Cycle

  • Initial Registration Periods Initial registrations of registered names may be made in the registry in one (1) year increments for up to a maximum of ten (10) years. For the avoidance of doubt, initial registrations of registered names may not exceed ten (10) years.

  • Registration Statement The Registration Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Registration Statement shall have been issued and no proceedings for that purpose shall have been initiated or threatened by the SEC.

  • Exchange (a) The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio of one Common Share per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the "Exchange Ratio"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Shares for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Shares then outstanding.

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