Violation of [***] Exception Sample Clauses

Violation of [***] Exception. In the event that the average percentage of [***] directed to alternative providers pursuant to Section 3.1.2(b) (the “Alternative Provider [***]”) exceeds the [***] Exception during any Reporting Period, and the Alternative Provider Percentage for such Reporting Period and the subsequent Reporting Period, calculated as an average of such two Reporting Periods together) also exceeds the [***] Exception, then, as Microsoft’s sole and exclusive remedy, [***] follows: (i) for each [***] point or portion thereof, up to [***] percentage points (i.e., up to a [***] Alternative Provider [***] ), by which the [***] Exception was exceeded (as an average across the [***] relevant Reporting Periods), the [***] for each month during the applicable Reporting Periods will be [***]; (ii) for each additional [***] point or portion thereof, up to [***] points (i.e., for Alternative Provider [***] above [***] and up to [***]), by which the [***] Exception was exceeded (as an average across the two relevant Reporting Periods), the [***] will be reduced by [***]; and (iii) for each [***] thereof above [***] (i.e., for Alternative Provider [***]), by which the [***] Exception was exceeded (as an average across the two relevant Reporting Periods), [***]. For example: [***]. (B) If, instead, [***] were directed to alternative providers pursuant to Section 3.1.2(b) during the first Reporting Period, and [***] were directed to alternative providers during the second Reporting Period, the [***] would be [***] and [***] Exception-Based Adjustment would apply to any months during such Reporting Periods. A [***] Exception-Based Adjustment will apply only once (if at all) for any Reporting Period, and if the Alternative Provider [***] for an individual Reporting Period has been taken into consideration in applying such an adjustment, calculation of potential future [***] Exception-Based Adjustments will be made only with respect to subsequent Reporting Periods (for instance, in Example (A) above, there would be no further adjustments to the [***] for any month in the second Reporting Period and the Parties will start over counting in the third Reporting Period). If a Microsoft report of [***] under Section 3.1.4 and Section 4.2.1 is materially inaccurate or if Microsoft fails to provide such a report within three weeks of the due date, then this Section 3.1.5 shall not apply for the inaccurately or untimely reported month(s) and the parties will work together in good faith and equitabl...
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Related to Violation of [***] Exception

  • No Violation of Environmental Laws There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property;

  • Transfers in Violation of Agreement Any Transfer or attempted Transfer of any Carried Shares in violation of any provision of this Agreement shall be void, and the Company shall not record such Transfer on its books or treat any purported transferee of such Carried Shares as the owner of such equity for any purpose.

  • Violation of Agreement (a) The restrictions set forth in Sections 4, 5 and 6 shall extend to any and all activities of the Employee, whether alone or together with or on behalf of or through any other person or entity.

  • Litigation; Observance of Agreements, Statutes and Orders (a) There are no actions, suits, investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any Subsidiary or any property of the Company or any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

  • Litigation; Observance of Statutes and Orders (a) There are no actions, suits, investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any property of the Company in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

  • No Violation of Existing Agreements Neither the Borrower nor any ----------------------------------- Subsidiary of the Borrower is in violation of any material agreement or instrument to which it is party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound;

  • Non-Violation To the Transferee’s Knowledge, execution or delivery of this Agreement (or completion of the transactions hereunder) by the Transferee will not : (a) violate any laws applicable to the Transferee; or (b) violate any of the Transferee’s organizational documents or resolutions of the board of directors or shareholders’ meetings.

  • Violation The Asset Representations Reviewer agrees that a violation of this Agreement may cause irreparable injury to the Issuer and the Servicer and the Issuer and the Servicer may seek injunctive relief in addition to legal remedies. If an action is initiated by the Issuer or the Servicer to enforce this Section 4.08, the prevailing party will be reimbursed for its fees and expenses, including reasonable attorney’s fees, incurred for the enforcement.

  • No Breach of Statute or Contract The execution, delivery and performance of this Agreement by Buyer does not and shall not constitute Buyer's breach of any statute or regulation or ordinance of any governmental authority, and shall not at the Closing conflict with or result in Buyer's breach of or default under any of the terms, conditions, or provisions of the Buyer's Certificate of Incorporation or Bylaws or any order, writ, injunction, decree, contract, agreement, or instrument to which the Buyer is a party, or by which it is or may be bound.

  • WAIVER OR BREACH It is agreed that a waiver by either party of a breach of any provision of this Agreement shall not operate, or be construed, as a waiver of any subsequent breach by that same party.

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