Permissible Down Time Sample Clauses

Permissible Down Time. 1. In any month during the term of this Agreement, the Web Sites shall be in a Fully Functional State for no less than ninety-ninety nine and one half percent (99.5%) of the time; and shall experience no more than one half percent (.5%) Down Time (the "Permissible Down Time"). Permissible Down Time shall include any scheduled maintenance. 2. If, during any given month of this Agreement, the Web Sites fail to remain in a Fully Functional State in accordance with 2.i.1, above, then BuildNet shall be entitled and MDC shall remit to BuildNet the greater of (i) the monthly hosting fee paid by BuildNet for Web Site hosting divided by the number of days in the month or (ii) the monthly hosting fee broken down to an hourly basis times the number of hours that the system was down. 3. If the Web Sites remain down for three consecutive twenty four (24) hour period or five total twenty four (24) hour periods (based upon the total number of hours of down time) during any given month, then BuildNet shall be entitled to consider MDC in breach of its hosting requirements and may seek termination of the Agreement.
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Related to Permissible Down Time

  • Starting Date Unless a specific (fixed) starting date is duly justified and agreed upon during the preparation of the Grant Agreement, the project will start on the first day of the month following the entry info force of the Grant Agreement (NB : entry into force = signature by the Commission). Please note that if a fixed starting date is used, you will be required to provide a detailed justification on a separate note.

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

  • 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.

  • Required Beginning Date The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date.

  • Flex Time Upon agreement of the supervisor's immediate supervisor, an individual flex-time schedule may be established.

  • 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 Act Waiting Period Any applicable HSR Act waiting period shall have expired or been terminated.

  • Regular Part-Time A regular part-time employee is someone who has a regular schedule of work providing less than seventy (70) hours bi-weekly.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • Puts Prior to the Settlement Date During the period from the Bank Closing Date to and including the Business Day immediately preceding the Settlement Date, the Assuming Bank shall be entitled to require the Receiver to purchase any Asset which the Assuming Bank can establish is evidenced by forged or stolen instruments as of the Bank Closing Date; provided, that, the Assuming Bank shall not have the right to require the Receiver to purchase any such Asset with respect to which the Assuming Bank has taken any action referred to in Section 3.4(a)(ii) with respect to such Asset. The Assuming Bank shall transfer all such Assets to the Receiver without recourse, and shall indemnify the Receiver against any and all claims of any Person claiming by, through or under the Assuming Bank with respect to any such Asset, as provided in Section 12.4.

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