Secondary Period Sample Clauses

Secondary Period. The Lessee shall be entitled, provided that no Relevant Event has occurred and is continuing, on giving to the Lessor notice (which notice, when given, shall be irrevocable) not less than thirty (30) days prior to the end of (a) the Primary Period and (b) (subject as hereinafter provided) each succeeding period of twelve (12) months from the end of the Primary Period, to extend the Lease Period for a period of twelve (12) months or, if less, up to a maximum period equivalent to any remaining useful life of the Ship. The Lessee's entitlement to extend the Lease Period in the manner referred to above is subject to the Lessee providing evidence reasonably satisfactory to the Lessor that the Ship remains seaworthy and has a remaining useful life equal to the term for which the Lease Period is to be extended pursuant to this clause 3.2.
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Secondary Period. 6.2.1 The Lessee may, by written notice to the Lessor to be received by the Lessor no later than one month prior to the date upon which the leasing of the Vessel under this Agreement would otherwise expire by effluxion of time request that the leasing of the Vessel be extended for a Secondary Period (or, as the case may be, a further Secondary Period) of a period specified by the Lessee up to one year, subject to earlier termination under any provision of this Agreement. Any notice once given by the Lessor pursuant to this Clause 6.2 may only be withdrawn with the written consent of the Lessor. 6.2.2 The continuation of the leasing under Clause 6.2.1 shall be subject to: (i) no Termination Event having occurred and being continuing; and (ii) the Lessee having satisfied the Lessor (acting reasonably) that the Vessel has not reached and is not likely to reach during the relevant Secondary Period, the end of its useful economic life and is likely to remain, during such Secondary Period, safe and seaworthy.
Sample 1
Secondary Period. The Parties hereto acknowledge and agree that during the period commencing upon the expiration of the Initial Period and continuing for ninety (90) days thereafter (such period, the "Secondary Period"), Purchaser shall only use the name "Interland" as part of the phrase "formerly Interland Dedicated" which may appear only in association with the trade name used by Purchaser in the operation of the dedicated hosting business, and then only in connection with Approve Activities. The restrictions on the use of the name "Interland" set forth in this Section 10(b) shall apply equally to the usage of such name by representatives of Purchaser in telephone calls made or received by such representatives. Except as provided in Section 10(c), upon expiration of the Secondary Period, Purchaser shall have no right to use the name "Interland," and shall not use such name, in the operation of its business.
Sample 1
Secondary Period. 6.2.1 The Lessee may, by written notice to the Lessor to be received by the Lessor no later than one month prior to the date upon which the leasing of the Vessel under this Agreement would otherwise expire by effluxion of time request that the leasing of the Vessel be extended for a Secondary Period (or, as the case may be, a further Secondary Period). Any notice once given by the Lessor pursuant to this Clause 6.2 may only be withdrawn with the written consent of the Lessor. 6.2.2 The continuation of the leasing under Clause 6.2.1 shall be subject to: (i) no Termination Event having occurred and being continuing; and (ii) evidence in form and substance satisfactory to the Lessor of the Vessel not having reached and not being likely to reach during the relevant Secondary Period, the end of its useful economic life and remaining, during such Secondary Period, safe and capable of performing the function which it is carrying out at the time of the commencement of the proposed Secondary Period.
Sample 1
Secondary Period. 1.3.2.1 The Authority shall have an option exercisable in accordance with the provisions of Clause 1.3.2.2 to require that this Contract is extended on the same terms and conditions for a further period of up to three (3) years beyond the Initial Period with such option being divided into three (3) one (1) year consecutive periods (each being a One Year Extension). 1.3.2.2 If the Authority wishes to exercise its option to extend pursuant to Clause 1.3.2.1, it shall serve a written notice on the Contractor not later than six months before the expiry of the extension in place at the time specifying the revised date for the expiry of this Contract. In the event that the Authority serves said notice the whole terms of the Contract shall mutatis mutandis be applicable as though the due date for expiry of the Contract is the date so specified in the written notice served by the Authority on the Contractor. 1.3.2.3 The Authority may, prior to the date of expiry of this Contract as determined in accordance with this clause 1.3 (Commencement and Duration), extend the term of this Contract for a further period if the Authority (acting reasonably) considers it necessary to do so. The duration of any such further period shall be as agreed between the Authority and the Contractor, provided that the Contractor shall not unreasonably withhold its agreement to any necessary extension pursuant to this clause 1.3.2.3.
Sample 1
Secondary Period. In accordance with clause 1.3.2.3 the Authority wishes to extend the Contract for a further period from 1st April 2010 to 31st March 2012. In addition the Authority shall have the option exercisable in accordance with the provisions of Clause 1.3.2.2 to require that this Contract is extended on the same terms and conditions for a further period of up to three (3) years beyond 31st March 2012, to be awarded in periods of time to be determined by the NDA, but to align with the transfers of shares to the new Parent Body Organisation. Signed on behalf of NDA: /s/ XXXX XXXXXX Name: Xxxx Xxxxxx Position: Contract Manager Date: 10 November 2009 Contract Amendment Acceptance: I hereby confirm receipt and acceptance of Amendment No. 13 to the above Contract. Name: Position: Contractor: Magnox Electric Ltd Date:
Sample 1
Secondary Period. The Authority shall have an option exercisable in accordance with the provisions of Clause 1.3.2.2 to require that this Contract is extended on the same terms and conditions for a further period of up to two (2) years beyond the Initial Period with such option being divided into two (2) one (1) year consecutive periods (each being a One Year Extension).
Sample 1
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Related to Secondary Period

  • Delivery Period The “Delivery Period” shall commence on the Commercial Operation Date and shall continue until midnight on the date that is [number to be inserted] years after the Commercial Operation Date.

  • 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.

  • 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.

  • 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).

  • Probationary Period A newly hired employee or a former employee who is rehired, except as otherwise provided herein, shall be on a probationary period for the first ninety (90) working days of his/her employment or re-employment. An employee who has been voluntarily or involuntarily transferred to another position covered by this Agreement shall be a probationary employee for the first ninety (90) working days of his/her employment in that position. An employee that has been transferred from a District position that is not covered by this Agreement shall be a probationary employee for the first ninety (90) working days of his/her employment in a position covered by this contract. The probationary employee shall accrue no seniority during the probationary period. The District shall have the right to discharge a 90 day probationary employee during the probationary period, and such employee shall not have recourse to the grievance procedure. If an employee is promoted, or is transferred to a new position within the District, that employee shall serve a period of probation of ninety (90) working days in that new position. If the employee does not successfully complete that period of probation, the employee will return to the identical job classification, at the same salary level, with the same level of seniority and the same job skills classification, which the employee had before the promotion or transfer. The employee will not necessarily be returned to the same job which the employee had before the promotion or transfer, however. A probationary employee, who voluntarily requests to be returned to the employee’s previous position will be permitted to do so only at the discretion of the Aberdeen School District. Upon the completion of the probationary period, the employee shall be added to the seniority list as of the last date of hire. The successful completion of the probationary period should not be construed as creating a contract or as guaranteeing employment for any specific duration or as establishing a just cause termination standard.

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • 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.

  • Coverage Period The Section A (Retrospective) Coverage Period will be the period from and including January 1, 2002 to but not including the Effective Time.

  • Study Period (a) The Buyer shall have the right, upon prior reasonable written notice to the Seller to examine the books and records relating to the Property, to enter upon the Land and to perform, at the Buyer’s expense, such economic, surveying, engineering, environmental, topographic and marketing tests, studies and investigations as the Buyer may deem appropriate, taking care to cause minimal interference with the business conducted on the Property; provided that (i) no invasive testing may be conducted without the Seller’s prior written consent, which may be withheld by the Seller in its sole discretion, and (ii) none of the Buyer or any of its representatives, lender, consultants and agents shall (x) cause any damage or make any physical changes to any of the Property or (y) intentionally or unreasonably interfere with the rights of Hotel guests or others who may have a legal right to use or occupy the Property or (z) otherwise intentionally or unreasonably interfere with the operation of the Property. The Seller or its representatives shall have the right to be present to observe any testing or other inspection performed on any of the Property. If for any reason, or no reason, the Buyer notifies the Seller, in writing, prior to 5:00 p.m. Central Time on the last day of the Study Period that it has determined not to proceed to Closing, this Agreement automatically shall terminate, the Xxxxxxx Money shall be immediately returned to the Buyer, and, upon return of the Xxxxxxx Money, the Buyer and the Seller shall have no further rights, liabilities or obligations hereunder (except as expressly survive the termination of this Agreement). (b) Promptly after the Effective Date, and throughout the term of this Agreement as any of the materials listed in Schedule B become available to the Seller or are amended or updated, (to the extent not previously provided or made available to the Buyer) the Seller shall deliver to the Buyer, copies of such materials which are in, or come into, the Seller’s possession or control. (c) Buyer hereby agrees to indemnify, defend and hold the Seller, and its employees, guests, contractors, tenants, manager and their respective invitees harmless from all personal injury or property damage suffered or incurred by or claimed against the foregoing arising directly out of any due diligence activities conducted or the entry upon the Land by any of Buyer, its representatives, lenders, consultant or agents, provided, however, such indemnity shall not cover liability arising from pre-existing conditions unless such pre-existing conditions are exacerbated by the Buyer or its consultants, agents, contractors, employees or representatives, in which case the Buyer shall be liable for and to the extent of the exacerbated condition and not the pre-existing condition. The Buyer, at its own expense, shall restore any damage to the Property caused by any of the tests or studies made by the Buyer, or its agents or contractors, but specifically excluding restoring or correcting any environmental or other damage to the Real Property that is discovered as a result of such tests or studies. The Buyer and any of its agents and contractors shall maintain at all times during their entry upon any of the Property for the purpose of conducting any due diligence activities, commercial general liability insurance with limits of not less than Two Million Dollars ($2,000,000) combined single limit, bodily injury, death and property damage insurance per occurrence. Upon the Seller’s request, Buyer (or its agents or contractor) will deliver a certificate issued by the insurance carrier of each such policy to the Seller prior to any entry upon any Property. (d) The Buyer’s obligations under this SECTION 3.1 shall survive any termination of this Agreement or the Closing of the transaction contemplated herein.

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