Termination Delay Sample Clauses
Termination Delay. (i) The Option and all the Investor Member’s rights under this Section 13.1 will terminate upon the first to occur of the closing of a Qualified IPO, a Sale of the Company or Qualified Spinoff.
(ii) If the Ryman Member and the Company have taken bona fide steps (regardless of whether such steps are made public, and including, as an example, the engagement of advisors) to effect an IPO that would constitute a Qualified IPO, a Sale of the Company or a Qualified Spinoff at least three (3) months prior to the date on which the applicable Option Price Notice is required to be delivered and the Ryman Member and the Company are then continuing to pursue such transaction in good faith, the Ryman Member may deliver to the Investor Member written notice thereof prior to the date on which the applicable Option Price Notice is required to be delivered, in which case the Option for such year shall be suspended and shall not apply, and in lieu thereof, if no IPO, Sale of the Company or Qualified Spinoff has then occurred, the Investor Member shall be entitled to exercise the Option for an additional year following the last year in which the Option is then exercisable (e.g., if the delay and postponement right is exercised in calendar year 2023, the Investor Member will have the right to exercise the Option in calendar year 2026 in addition to calendar years 2024 and 2025). For purposes of this Section 13.1,
Termination Delay. If, for any reason other than the Service Provider’s failure or refusal to comply with its obligations under this Agreement that is not otherwise excused by Force Majeure or LIPA Fault, termination of this Agreement upon a Change in Regulatory Law is delayed beyond the Termination Date under Section 8.5(B)(1) hereof (as extended pursuant to Section 8.5(B)(2) hereof, if applicable) the Service Provider shall be entitled to a delay fee equal to the product of (a) the Management Services Fee amount otherwise payable in accordance with Section 5.1(B) hereof and (b) 1.55. The delay fee payable under this Section 8.5(B)(4) will be in addition to the amounts otherwise payable by LIPA under Sections 8.5(C)(1) and 8.5(C)(3) hereof.
Termination Delay. No more than ***** during the term of this SOW, Customer may delay the commencement or continuation of any services provided by CSG under this SOW by giving written notice to CSG. Provided that Customer provides no less than *** (**) ***** prior written notice of such delay (email is sufficient), then upon the commencement or restart of such services with no less than *** (**) ***** prior written notice (email is sufficient), CSG will perform such services as set forth in this SOW, without modification, except that CSG may require Customer to enter into a Change Order which will provide a modified Completion Date and pursuant to which Customer will pay mutually agreed upon incremental fees as a result of such delay or continuation, in addition to the fees CSG would have received had there been no such delay and/or continuation (the “Incremental Fees”). Upon a Customer delay in excess of ****** (**) ****, CSG may invoice Customer for Technical Services rendered to the date of delay based upon Technical Service hours expended. Should Customer delay this SOW in excess of twice during the term of this SOW and the parties do not enter into a Change Order as provided herein, CSG may terminate this SOW without penalty and Customer shall be invoiced fees for the hours expended at the then current Technical Services hourly rate. In the event Customer delays commencement or continuation of any services provided by CSG under this SOW for a period of ****** (**) **** or more and provides notice within the timeframes described above, CSG and Customer shall act reasonably and in good faith to mutually agree upon a plan to continue the performance of work within the subsequent month, and if a plan cannot mutually be agreed upon, CSG may terminate this SOW, in which case neither CSG nor Customer (except Customer payment for CSG work performed) shall have any further liability or obligation under this SOW other than CSG invoicing and Customer paying the fees for the hours expended at the then current Technical Services hourly rate.
Termination Delay. IF ANY REPAIRS ARE NOT COMPLETED OR COMPLEATABLE WITHIN 180 DAYS OF DESTRUCTION OR PARTIAL DAMAGE, LESSEE HAS OPTION TO TERMINATE THIS LEASE.