Front-End Transition Period Sample Clauses

Front-End Transition Period. The Fuel Manager shall commence Front-End Transition Services on the FMA Effective Date (the “Front-End Transition Date”) and shall continue performing such services through the Day before the FM Services Target Date (the “Front-End Transition Period”). In the event that the Effective Date of the Amended and Restated OSA has not occurred by June 30, 2014 or such other date as may be agreed to by the parties to the Amended and Restated OSA and the Amended and Restated OSA is terminated, then this Agreement, following reimbursement by Buyer of all Milestones Payments for completed items and all transition expenses and costs incurred by Fuel Manager associated with any partially completed items between FMA Effective Date and the date on which this Agreement terminates pursuant to this Section 3.1, shall terminate on the termination date of the Amended and Restated OSA. The Fuel Manager shall perform Front-End Transition Services consistent with this Agreement, and as more fully set forth in the Front-End Transition Plan set forth in Appendix 1. The Fuel Manager shall be paid for such Front-End Transition Services in accordance with Section 4.1 and as more fully set forth in Appendix 2. If Fuel Manager’s provision of Front End Transition Services is prevented or delayed by a Force Majeure Event or by Buyer’s failure or inability to perform any of its obligations under this Agreement on a timely basis (each an “Excused Delay”), the Milestone Payments set forth in Table 2-1 of Appendix 2 shall be increased by 0.5 % for each Day that such delay event continues.
Sample 1
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Front-End Transition Period. Front-End Transition Period Generally. (a) Role of ManagementCo. Throughout the Front-End Transition Period, ManagementCo shall not provide the O&M Services or otherwise be responsible for the T&D System, but shall, subject to and conditioned upon Owner providing funding pursuant to Section 4.6(b) (
Sample 1
Front-End Transition Period. Upon the effective date of the agreement, the front-end transition period commences. The intent of this period is to provide time for LUMA to complete a host of administrative tasks and secure approvals not yet in place. The time is also to be spent by other parties to this contract and vendors working under separate agreements to secure approval of a financial restructuring agreement. The P3 Authority and LUMA is required to accomplish an extensive list of administrative benchmarks that must be secured or waived prior to the commencement of the operations and maintenance services period, also known as the initial term. The list 13 Public-Private Partnerships Authority. Puerto Rico Public-Private Partnership for the Electric Power Transmission and Distribution System. May 15, 2020, p. 3. 14 Public-Private Partnerships Authority, Puerto Rico Public-Private Partnership for the Electric Power Transmission and Distribution System. May 15, 2020, p. 4. 15 PREPA and Public-Private Partnerships Authority. Puerto Rico Transmission and Distribution System Operation and Maintenance Agreement. June 22, 2020, Article 2, Section 2.2(a), p. 34. 16 Ibid, pp. 34-35. 17 Ibid, Article 2, Section 2.3, p. 35. includes 22 areas such as: Management, administration and owner responsibilities, compliance with existing governmental prohibitions and any injunctions, pre- existing environmental conditions, initial budgets and rate orders, federal funding, remediation plans, Title III bankruptcy approvals and PREPA’s Reorganization Plan.18 XXXX is entitled to reimbursement for expenses during this period consistent with the completion of activities outlined in the front-end transition plan.19 The contract does not specify whether the list of governmental approvals for the PREPA reorganization includes legislative approval of some or all of the agreement. One area, changing the ownership structure to include new companies—GenCo and GridCo20—would appear to require an alteration of PREPA’s statute.21 The front-end transition fee includes reimbursement for time spent by LUMA employees consistent with the rates bid, as well as a fixed fee in the amount of $60 million annually and “all other reasonable and documented costs and expenses.”22
Sample 1

Related to Front-End Transition Period

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Transitional Period At the end of the transitional period as defined in Article 10(2) of the Directive, the contracting parties shall cease to apply the withholding/retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period either of the contracting parties elects to apply the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive it shall no longer apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.

  • 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.

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Recall Period Post probationary employees who are laid-off beyond a one year period of time shall be deemed to be terminated. Probationary employees who are laid-off beyond a three month period of time shall be deemed to be terminated.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Service Period The Service Period of this Agreement is for 1 year in respect of the unit and starts on the Start Date as defined in the Terms and Conditions, or, in the case of an extension of renewal of the provision of Support Services, starts on the date of payment of the Charges.

  • 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.

  • 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.

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