Post-Initial Period Sample Clauses

Post-Initial Period. If a Deadlock occurs after the expiration of the Initial Period, and such senior executives are not able to reach a mutually satisfactory resolution of the issue which is the subject of the Deadlock within thirty (30) days of the first meeting of such senior executives, then the Partners shall attempt in good faith to mediate a resolution to the Deadlock in accordance with this Section 4.13 and Exhibit B, parts A and B, with a mediator that is mutually acceptable to both Partners. If the Partners cannot agree on such a mediator within such thirty (30) days after such first meeting, one or both Partners may request, by notice to the other Partner, that a mediator be appointed by the AAA to mediate the resolution of the Deadlock.
Sample 1
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Post-Initial Period. Following the end of the Initial Period, all capital calls made by the Company shall be funded by all Shareholders pro rata in accordance with their respective Percentage Interests.
Sample 1
Post-Initial Period. If a Deadlock occurs after the expiration of the Initial Period, and such senior executives are not able to reach a mutually satisfactory resolution of the issue which is the subject of the Deadlock within thirty (30) days of the first meeting of such senior executives, then the Members shall attempt in good faith to mediate a resolution to the Deadlock in accordance with this Section 4.13 and Exhibit C, parts A and B, with a mediator that is mutually acceptable to both Members. If the Members cannot agree on such a mediator within such thirty (30) days after such first meeting, one or both Members may request, by notice to the other Member, that a mediator be appointed by the AAA to mediate the resolution of the Deadlock. 4.13.4.1.
Sample 1
Post-Initial Period. After the Initial Period and continuing indefinitely during the term of the Distribution Agreement, the Guaranteed Annual Minimum will be measured and paid solely on a quarterly basis. For each of the first, second and third quarters, the minimum quarterly Software Distribution Fees accruable to Primus will be $200,000, and in the fourth quarter, $400,000 (each a “Fixed Quarterly Minimum”). Payment of Software Distribution Fees during a quarterly period that exceed an applicable Fixed Quarterly Minimum cannot be carried forward and applied to the next Fixed Quarterly Minimum, nor can such excess be retroactively applied to reduce a previous Fixed Quarterly Adjustment: in any quarter, if the Software Distribution Fees actually accrued to Primus are less than a Fixed Quarterly Minimum, Distributor will pay the difference as a quarterly license fee adjustment (“Fixed Quarterly Adjustment”). Fixed Quarterly Adjustments are payable within seventy-five (75) days of the end of the applicable quarter and shall not be considered purchases of additional Software or any other form of credit. The following table depicts the schedule and structure of the Guaranteed Annual Minimum Payment: Guaranteed Annual Minimum Payment Schedule and Structure Initial Period April 1, 2002 ~ March 30, 2004 Post-Initial April 1, 2004 ~ Q-A Periods ending June 30 Quarterly Benchmark: $100,000 April 1 First Bi-Annual Baseline: Fixed Quarterly Minimum: $200,000 Shortfalls paid as Quarterly Adjustment within 75 days of end of Q-A Period; excess carried over for determining Bi-Annual Baseline $400,000 Shortfalls paid as Fixed Quarterly Adjustment within 75 days of last quarter Q-B Periods ending Sept. 30 Quarterly Benchmark: $100,000 Sept. 30 Fixed Quarterly Minimum: $200,000 Shortfalls paid as Quarterly Adjustment within 75 days of end of Q-B Period; no excess carried back for Q-A Period Adjustment Shortfalls paid as Baseline Adjustment within 75 days of end of Q-B Period; no excess carried forward into Second Bi-Annual Baseline Period Shortfalls paid as Fixed Quarterly Adjustment within 75 days of last quarter Q-A Periods Ending Dec. 30 Quarterly Benchmark: $100,000 Oct. 1 Second Bi-Annual Baseline: Fixed Quarterly Minimum: $200,000 Shortfalls paid as Quarterly Adjustment within 75 days of end of Q-A Period; excess carried over for determining Bi-Annual Baseline $600,000 Shortfalls paid as Fixed Quarterly Adjustment within 75 days of last quarter Q-B Periods Ending March 30 Quarterly Bench...
Sample 1
Post-Initial Period. 2.8.1 (a) Subsequent to the Initial Period, the 35% share of Ongoing Net Revenues referred to in Section 2.5 shall be subject to and distributed in accordance with this Section 2.8.
Sample 1

Related to Post-Initial Period

  • CONTRACT YEAR A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Period of Agreement This Agreement shall start on _, 20 (“Effective Date”), and end on , 20_ _, at 12:00 midnight (“Listing Period”), unless the expiration date is extended in writing.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • 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.

  • Evaluation Period Customer’s right to use the Services on a Trial Basis are time-limited and will terminate immediately upon the earlier of (i) the trial end date as specified in an Order Form or other document executed by the parties regarding such trial, or (ii) the start date of when Customer purchases a right to use such Services on a non-Trial Basis, or (iii) the date when QuoVadis terminates Customer’s right to use the Services on a Trial Basis (which QuoVadis may do at any time in its sole discretion). Customer must cease using the Services on a Trial Basis upon any such termination.

  • Interim Period Upon signing the peace agreement, Abyei will be accorded special administrative status, in which:

  • Negotiation Period Any dispute, controversy or claim arising out of or relating to this Agreement, or any alleged breach hereof, will be subject to binding arbitration in accordance with this Section 7.11. If such a dispute, controversy or claim exists, the parties shall attempt for a 30-day period (the "Negotiation Period") from the date any party gives any one or more of the other parties notice (a "Dispute Notice") pursuant to this Section, to negotiate in good faith, a resolution of the dispute. The Dispute Notice shall set forth with specificity the basis of the dispute. During the Negotiation Period, representatives of each party involved in the dispute who have authority to settle the dispute shall meet at mutually convenient times and places and use their best efforts to resolve the dispute.

  • Allocations During Period of Liquidation During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement (the “Liquidation Period”), the Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article III of this Agreement.

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

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