Suspension Date Sample Clauses
The Suspension Date clause defines the specific date on which certain contractual obligations or activities are temporarily halted. In practice, this clause is triggered when an event occurs that justifies pausing performance, such as a breach, force majeure, or failure to meet conditions precedent. By clearly establishing when the suspension takes effect, the clause helps both parties understand their rights and responsibilities during the suspension period, thereby reducing uncertainty and potential disputes.
Suspension Date. Upon the occurrence of an Event of Default under Sections 5.2 (a)-(f), the other party, (the “Non-Defaulting Party”), shall have the right, but not the obligation, within thirty (30) days, to designate by facsimile or other reasonable means any of the subsequent ten (10) Business Days as a suspension date (the “Suspension Date”). Upon the occurrence of an Event of Default under Sections 5.2(a)-(f), the Non-Defaulting Party shall have the right to draw on any outstanding collateral deposits in whole or in part, liquidate any Performance Assurance then held by or for the benefit of the Secured Party free from any claim or right of any nature whatsoever of the Defaulting Party, including any equity or right of purchase or redemption by the Defaulting Party, and/or exercise any of the rights and remedies of a Secured Party with respect to all Performance Assurance, including such rights and remedies under law then in effect.
Suspension Date. The "Suspension Date" shall be defined as the earlier of (i) the date upon which TAM discontinues participation in all Global Distribution Systems ("GDS") within Brazil or (ii) (a) * days following the date upon which Sabre Subscriber locations within Brazil which generated * % of TAM ticket sales revenue generated by Sabre Subscribers for the preceding * months prior to the Effective Date of the Agreement have had Infrastructure preparation completed as described in Section 7.4 and (b) Brazilian travel agents and other related producers (e.g. tour operators, consolidators, etc.) who produced * % of TAM's domestic point of sale passenger revenue in the preceding * months prior to the Effective Date of the Agreement have had access to training on the Technology Solution or (iii) the * Brazilian travel agencies, including * % of their branches, or related producers, who produced the most revenue for TAM in the preceding * months (a) have had access to training on the Technology Solution and (b) of these * top producers, all Sabre Subscribers have had Infrastructure preparation completed as described in Section 7.4.
Suspension Date. The suspension will be effective as of the date and time of submission of written notification.
Suspension Date. The [****] day after Maxygen’s receipt from Avidia of any report described in Section 5.4.1(a) above shall be deemed a “Suspension Date.” After such Suspension Date, Maxygen may not exercise any further Target Options; provided, if (i) such [****] Change of Control does not occur within [****] days of Avidia’s notice to Maxygen [****], or within [****] thereof [****], if any regulatory ruling or government consent * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. is required for such Change of Control, or (ii) Avidia has abandoned its discussions pertaining to such [****] Change of Control, then upon the earlier to occur of such events, Avidia shall promptly notify Maxygen and such Suspension Date shall no longer be in effect, and Maxygen’s rights shall be reinstated as they were prior to such Suspension Date.
Suspension Date. Your last day of full-time work with the Company as Senior --------------- Vice President of Sales was February 26, 2001 (the "Suspension Date"). From the Suspension Date until the Effective Date (as defined below under the ADEA Waiver heading), you have been and will remain an employee of the Company on an unpaid leave of absence (the "Leave Period"). During the Leave Period, except to the extent specified in this Agreement (and in that case only if the Agreement becomes effective), you will not receive any salary, you will not accrue any vacation benefits or other paid time off, and the vesting of any stock options, or lapse of any Company repurchase right on purchased stock, will be suspended. If the Effective Date does not occur prior to April 21, 2001, then unless otherwise elected at the sole discretion of the Company, your employment will be considered to have terminated effective as of February 26, 2001, and you will not receive any of the benefits set forth below. In addition, if you do not accept this Agreement, the Company will exercise its repurchase right with respect to any Company shares that you obtained via an early exercise provision. During the Leave Period, you will not be required, nor are you authorized, to conduct any activities on behalf of the Company except as specifically requested by the Company.