Reduction Schedule Sample Clauses

Reduction Schedule. The required amount of the Performance Bond shall be reduced in accordance with the following schedule as of December 31 of the year indicated so long as Franchisee has attained the “NYC Total” percentage of households passed required as of that date as set forth in Appendix F, except that the date for reduction in calendar year 2014 shall be June 30 of that year, subject to the same requirement. If Franchisee does not attain the “NYC Total” percentage of households passed required as of the date as set forth in Appendix F due to the triggering of one or more of the Checkpoint Extensions provided for in Section 5.1.2 or otherwise, then the required amount of the Performance Bond shall be reduced only when the “NYC Total” percentage of households passed thereafter is attained. 2008: Xxxxx-Five Million Dollars ($35,000,000) 2009: Thirty Million Dollars ($30,000,000) 2010: Twenty-Five Million Dollars ($25,000,000) 2011: Fifteen Million Dollars ($15,000,000) 2012: Ten Million Dollars ($10,000,000) 2013: Five Million Dollars ($5,000,000) 2014: One Million Dollars ($1,000,000)
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Reduction Schedule. An insured employee’s coverage will not terminate solely due to age. However, any Life Insurance Benefits payable for the employee age 70 and older shall be a percentage of the benefits otherwise payable. The premiums for the reduced Life Insurance Benefit are also reduced. The reduction schedule is as follows:
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Reduction Schedule. For the purposes of this Reserve, Chile may maintain until December 31, 2009 2000 tariff exemption measures under Article 3 of Law 18.483. Sector: Communications Subsector: Radio broadcasting, free-to-air television and television by cable or microwave Industrial Classification: Type of Reservation: National Treatment (Articles 4, Annex Investments and 11.03) Local presence (Article 11.06) Performance requirements (article 8, Annex Investments) Senior executives and Boards of Directors (Article 9, Investments Annex) Measures: Law 18.838, Official Gazette, September 30, 1989, National Television Council, Titles I, II and III. Law 18.168, Official Gazette, October 2, 1982, General Telecommunications Law, Titles I, II and III. Law 16.643, Official Gazette, September 4, 1967, on Advertising Abuses, Title I. Description: Cross Border Trade in Services and Investment Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of concessions of free reception radio broadcasting services, or make use thereof, in any capacity. The presidents, managers, administrators and legal representatives must be Chilean. In the case of Boards of Directors, foreigners may be members, provided they do not constitute a majority. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of a concession of free reception television broadcasting services, or make use of it in any capacity whatsoever. The president, directors, managers, administrators and legal representatives of the legal entity that owns a commercial television broadcasting station must be Chilean nationals. The National Television Council may establish a general requirement of up to 40% of Chilean production in the programs broadcast by free-to-air television transmission service channels. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may hold or use, under any title, permits for limited radio broadcasting telecommunication services. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of limited cable or microwave television service permits, or make use of them in any capacity whatsoever. The presidents, directors, managers, administrators and legal representatives shall be Chilean.
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Reduction Schedule. None Sector: Professional Services Subsector: Engineering and technical Industrial Classification: CPC 8672 Engineering services 236 CPC 8673Integrated engineering services CPC 8675Engineering- related scientific and technological consulting services Type of Reservation: National Treatment (Article 11.03) Measures: Law 12.851, Official Gazette, February 6, 1958, Title II. Description: Cross-border trade in services Engineers and technicians graduated abroad and specially hired to perform a specific function in Chile shall obtain authorization from the respective professional association and shall be subject to its supervision and discipline.
Sample 1
Reduction Schedule. For investors and investments from Chile, the applicable threshold for the review of the acquisition of a Mexican company will be: a) US$50 million through December 31, 1999; b) US$75 million from January 1, 2000 through December 31, 2002; and c) US$150 million as of January 1, 2003. Beginning January 1, 2004, the thresholds will be adjusted annually according to the nominal growth rate of Mexico's Gross Domestic Product, as published by the National Institute of Statistics, Geography and Informatics. Sector: All sectors Subsector: Industrial Classification: Type of Reservation: National treatment (Article 9- 03) 252 Senior executives and boards of directors or boards of directors (article 9-08) Level of Government: Federal Measures: Political Constitution of the United Mexican States, Article 25 General Law of Cooperative Societies, Official Gazette, August 3, 1994, Title I, Sole Chapter. Foreign Investment Law, Official Gazette, December 27, 1993, Title I, Chapter III. Description: Investment No more than 10 percent of the members of a Mexican production cooperative may be foreigners. Foreigners may not hold management or general administration positions in cooperative societies.
Sample 1
Reduction Schedule. None Sector: Agriculture, livestock, forestry and logging activities Subsector: Agriculture, livestock or forestry Industrial Classification: CMAP 1111 Agriculture CMAP 1112 Livestock and hunting (limited to livestock) CMAP 1200 Forestry and logging Type of Reservation: National Treatment (Article 9-03) Level of Government: Federal Measures: Political Constitution of the United Mexican States, Article 27 Agrarian Law, Official Gazette, July 7, 1993, Titles V and VI. Foreign Investment Law, Official Gazette, December 27, 1993, Title I, Chapter III. Description: Investment Only Mexican nationals or Mexican companies may own land intended for agricultural, livestock or forestry purposes. Such companies must issue a special series of shares ("T" shares), which represent the value of the land at the time of acquisition. Investors of the other Party or their investments may only acquire up to 49 percent participation in the series "T" shares.
Sample 1
Reduction Schedule. An insured employee’s coverage will not terminate solely due to age. However, any Life Insurance Benefits payable for the employee age 70 and older shall be a percentage of the benefits otherwise payable. The premiums for the reduced Life Insurance Benefit are also reduced. The reduction schedule is as follows: Insured employee’s Age Benefit Percent Payable Age 70 through Age 74 65% Age 75 through Age 79 42% Age 80 through Age 84 28% Age 85 and older 15% Teacher compensation will be based upon performance with teachers earning units for specific performance in the following defined categories: 1. Teacher evaluation (added to base) 2. Experience (added to base) 3. Education (added to base) 4. Exemplary attendance (stipend) 5. Extraordinary service (stipend) Teachers may earn four units in category one and one unit each in categories 2 through 5 for a total of eight units per year. Only teachers evaluated as Effective or Highly Effective are eligible to receive salary increases. Compensation units earned during a school year will be paid the following school year. Teachers must be under contract the following school year to be eligible for unit pay. For the 2014-15 contract, teachers will be paid $250 for each unit earned during the 2013-14 school year. The base salary range is between $33,028 and $61,000. Teachers may not earn base salaries (including stipends) that exceed the base salary range regardless of units earned. Teachers in positions receiving extra days will have base salaries within the base salary range, but total salaries may exceed the maximum base salary due to compensation for extra days. The district reserves the right at any time to determine Academic Needs. Teaching areas that have been determined to be of Academic Need may have salary levels set at any point within the salary range. 1. Teacher Evaluation (added to base) 2. Experience (added to base)
Sample 1
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Reduction Schedule. Provided that, as of each Reduction Date set forth below, there has not previously been nor is there then an Event of Default under this Lease, and provided further that, on or before the applicable Reduction Date, Tenant tenders to Landlord a replacement Letter of Credit or a certificate of amendment to the existing Letter of Credit, such that the existing Letter of Credit as so amended conforms in all respects to the requirements of this Article 39, in the amount of the applicable Letter of Credit Amount as of such Reduction Date, the Letter of Credit Amount shall be reduced in accordance with the following schedule: -------------------------------------------------- ---------------------------- Reduction Date Letter of Credit Amount -------------------------------------------------- ---------------------------- First Day of Month 37 of Primary Lease Term $300,000.00 -------------------------------------------------- ---------------------------- First Day of Month 49 of Primary Lease Term $200,000.00 -------------------------------------------------- ---------------------------- First Day of Month 61 of Primary Lease Term $100,000.00 -------------------------------------------------- ---------------------------- First Day of Month 73 of Primary Lease Term $0 -------------------------------------------------- ---------------------------- In the event the Letter of Credit Amount is reduced pursuant to this schedule, and provided that in the case the existing Letter of Credit is replaced, Tenant timely tenders the replacement Letter of Credit to Landlord in the form required in this section, Landlord shall exchange the Letter of Credit then held by Landlord for the replacement Letter of Credit tendered by Tenant. If the Letter of Credit Amount is not reduced as of any Reduction Date because Tenant is then in default, then such decrease shall be permitted after any such default is cured by Tenant pursuant to the terms of this Lease; provided that no such decrease shall occur if this Lease is terminated early as a result of any default by Tenant.
Sample 1
Reduction Schedule. Provided that Tenant is not in default of any of its obligations hereunder beyond any applicable cure period at the time of scheduled reduction hereunder, after the end of the 2nd Lease Year the Security Deposit Amount shall be reduced to the following amounts during the following periods:
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Related to Reduction Schedule

  • Auction Schedule The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Company, which consent shall not be withheld unreasonably. The Auction Agent shall give notice of any such change to each Broker-Dealer. Such notice shall be received prior to the first Auction Date on which any such change shall be effective. Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company and the Broker-Dealers of the Reference Rate and the Maximum Applicable Rate as set forth in Section 2.2(e)(i) hereof.

  • Allocation Schedule Attached hereto as Exhibit J is an Allocation Schedule, prepared by the Company for illustrative purposes, setting forth: (i) the name of each Company Equity Interest holder; (ii) the number and type of Company Equity Interests held by each such Company Equity Interest holder; (iii) the Fully Diluted Number as of the Execution Date, and the portion thereof attributable to each Company Equity Interest holder; and (iv) the amount of Equity Consideration attributable to each such Company Equity Interest holder’s Company Equity Interests in accordance with the Company LLCA and this Agreement. No later than ten Business Days prior to the Closing, the Company shall deliver to the Buyer an updated Allocation Schedule, prepared in conformance with the principles set forth in Exhibit J, which shall be updated to reflect: (A) the JDA Share Adjustment Amount as of the Closing Date; (B) the Interim Company Financing Cash; (C) the calculation of the Equity Consideration; and (D) the Fully Diluted Number as of the Closing Date; and thereby set forth the final allocation of the Equity Consideration among the holders of Company Equity Interests as of the Effective Time in accordance with the Company LLCA and this Agreement. Following the delivery thereof, the Company will provide the Buyer and their accountants and other Representatives with a reasonable opportunity to review the Allocation Schedule. At least two Business Days prior to the Closing Date, the Buyer may notify the Company of any comments or questions with respect to the Allocation Schedule and the Company shall (x) consider in good faith such comments or questions and (y) prepare and deliver an updated Allocation Schedule to the Company prior to the Closing Date reflecting any agreed upon changes resulting from such comments or questions. Notwithstanding the foregoing, the Allocation Schedule ultimately delivered by the Company to the Buyer in accordance with this Agreement shall control. The Company hereby acknowledges and agrees that the Buyer Parties may rely upon the Allocation Schedule, and in no event will the Buyer or any of its Affiliates (including the Surviving Company) have any liability to any Company Unitholder or other Person with respect to the Allocation Schedule delivered pursuant to this Agreement or on account of shares issued in accordance with the terms hereof as set forth in the Allocation Schedule; provided, that, for the avoidance of doubt, in no event shall the amounts set forth on the Allocation Schedule result in, or require the Buyer to issue a number of XXXX Interests greater, in the aggregate, than the Equity Consideration.

  • Completion Schedule 6.1 The proposed schedule for the completion of the Project is presented in “Attachment D” and is made a part hereof. 6.2 ENGINEER shall adhere to all time limits stated in this Agreement or included in any accepted time schedule. All such time limits shall be of the essence to this Agreement. 6.3 In all events the various stages and phases of ENGINEER’S services are to be completed in such sequence and at such times, and with approved or agreed upon time limits, as may be required to assure the timely, continuous, efficient and diligent prosecution of the work and services provided for by this Agreement. 6.4 OWNER may at any time, by written order, make changes within the general scope of the Agreement in the services of work to be performed. If ENGINEER believes that such a change justifies an increase in ENGINEER’S contract time or contract price required to perform the series under this Agreement it must assert such claim in writing within thirty (30) days of receipt of OWNER’S written order giving rise to the claim. No claim for adjustment in the contract time or contract price will be valid if not submitted in accordance with this paragraph. No services for which ENGINEER will charge additional compensation shall be furnished without the written authorization of OWNER. 6.5 ENGINEER shall carry on all work required under this Agreement and maintain the schedule for services during all disputes or disagreements with OWNER. No work shall be delayed or postponed pending resolution of any disputes or disagreements except as permitted in Article 8, or as ENGINEER and OWNER may otherwise agree in writing. 6.6 If the commencement, prosecution or completion of the services under this Agreement, or of the construction of the Project is delayed by any act, omission, delay, neglect or default of ENGINEER, or anyone employed by ENGINEER, or by any damage or acts caused by the negligent acts or omission by ENGINEER, then ENGINEER shall be liable to OWNER for any and all costs, assessments, expense, liabilities or damages caused thereby, in accordance with Section 4.8. 6.7 ENGINEER shall not be responsible for any time delays in the Project, or in the performance of services under this Agreement, to the extent such delays are caused solely by any act, omission, neglect or default of OWNER or anyone employed by OWNER, or by the unreasonable delay of any review agency or utility, or for any delay or damage caused by fire or the combined action of workers and which are in no way chargeable, in whole or in part, to ENGINEER, or by any other conditions or circumstances beyond the control of ENGINEER, its employee, agent, or other persons for whose acts or omissions ENGINEER is responsible. In the event of such delay, ENGINEER shall be entitled to an adjustment in the schedules or agreed time limitations for the performance of services, and this Agreement shall be modified in writing accordingly. Any claim of ENGINEER for adjustment under this cause must be asserted in writing within thirty (30) days from the date of the occurrence of the event giving rise to the claim, unless OWNER grants a further period of time before the date of final payment to ENGINEER. The adjustment of time for the performance of services, as provided in this paragraph, shall be ENGINEER’s sole exclusive right, entitlement and remedy in the event of such delays, and ENGINEER shall have no claim against OWNER for adjustment for increase in costs of performance, or other damages occurred in connection therewith.

  • Vacation Schedule 1. Vacation periods shall be fixed by the Employer to suit the requirements of his business, but as far as possible and practicable, vacations will be given during the summer months, and for employees with school-age children, during the school vacations. Vacation periods shall be unbroken unless by mutual consent between Employer and employee, or where it is impractical. Grievances relating to this Section shall be subject to the Adjustment and Arbitration Procedure in this Agreement. 2. Time off, based upon service in the Industry Vacation Plan, may be granted to an employee by mutual agreement between the Employer and the employee. The Employer shall not be required to give time off based upon service under the Industry Vacation Plan. However, if such additional industry vacation time off is granted to an employee, such time off shall be counted as time worked for the purpose of computing the employee's earned vacation benefits on his next anniversary date of employment.

  • Construction Schedule The progress schedule of construction of the Project as provided by Developer and approved by District.

  • Amortization Schedule We do not provide an initial amortization schedule at the time of project agreement release but maintain a "Loan Summary Spreadsheet" on our website on the Financial Tab under "Loans". Once your loan is put into billing an amortization schedule will be posted to the same website, with a copy mailed to the Chief Financial Officer the month following project closeout.

  • Compensation Schedule Except as otherwise provided herein, employees shall be compensated within the pay range assigned to the classification of the position in which they are employed and in accordance with the pertinent conditions of employment enumerated in this Agreement. Sec. 503 REGULAR PAY DAY: Employees shall be paid on or about the Friday following the end of the biweekly payroll period.

  • Recovery Schedule If the initial schedule or any current updates fail to reflect the Work’s actual plan or method of operation, or a contractual milestone date is more than fifteen (15) days behind, Owner may require that a recovery schedule for completion of the remaining Work be submitted. The Recovery Schedule must be submitted within seven (7) calendar days of Owner’s request. The Recovery Schedule shall describe in detail Construction Contractor’s plan to complete the remaining Work by the required Contract milestone date. The Recovery Schedule submitted shall meet the same requirements as the original Construction Schedule. The narrative submitted with the Recovery Schedule should describe in detail all changes that have been made to meet the Contract milestone dates.

  • CONVERSION SCHEDULE The Original Issue Discount Senior Convertible Debentures due on March 1, 2018 in the aggregate principal amount of $385,000 are issued by Legend Oil and Gas, Ltd., a Colorado corporation. This Conversion Schedule reflects conversions made under Section 4 of the above referenced Debenture.

  • Shift Schedule The words "shift schedule" when used in this Agreement shall mean a timetable of the shifts and off days assigned to a position or group of positions which commences at the beginning of a pay period and includes one complete rotation of said shifts.

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