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. 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
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. 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: 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 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 Benchmark: $100,000 March 30 Fixed Quarterly Minimum: $400,000
Sample 1

Related to Post-Initial Period

  • Initial Period The Initial Period will begin on the date set forth above (date of signed Agreement) and will terminate on the earlier of (i) the Commercial Operation Date or (ii) the date the Agreement is terminated pursuant to the provisions of Section 4(b) or 4(d).

  • 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.

  • Trial Period E. 10.1 In order for an adequate assessment of the Employee’s capacity to be made, the Employer may employ a person under the provisions of this schedule for a trial period not exceeding 12 weeks, except that in some cases additional work adjustment time (not exceeding four weeks) may be needed.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • 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.

  • 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.

  • 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.

  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of such Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company to run, operate, manage and maintain the Common Areas. The Promoter shall endeavour that the committee responsible for the maintenance and operation of the Common Areas will be required to provide manpower for maintaining the Common Areas, wherever required, and to collect maintenance charges and also guest charges and the user charges for the utilities being provided on “pay by use” basis, if any. The maintenance and management of Common Areas by the committee will primarily include but not limited to maintenance of water works, common electrical installations, DG Sets, landscaping, driveways, parking areas, lobbies, lifts and staircases, AMC’s etc. It will also include safety and security of the Project such as fire detection and protection and management of general security control of the Project. The Rules/ Bye Laws to regulate the use and maintenance of the Common Areas shall during the interim maintenance period shall be framed by the Promoter with such restrictions as may be necessary for proper maintenance and all the Allottees are bound to follow the same. After the Common Areas of the Project are handed over to the Association, the Association may adopt the Rules and the Bye laws framed by the Promoter, with or without amendments, as may be deemed necessary by the Association.

  • 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. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

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