Examples of Penalty Period in a sentence
An Owner’s Availability Notice shall become effective when issued, provided, however, that if Owner becomes subject to a Non-Performance Penalty under Section 8.5, any Owner’s Availability Notice given during the Penalty Period shall not become effective until 72 hours after the Owner’s Availability Notice is given.
The Company shall deliver said cash payment to the Purchaser by the fifth Business Day after the end of such Penalty Period.
Each Prepayment Penalty Period will follow the termination of the applicable lockout period or, if no lockout period applies, the applicable Issue Date.
The Company shall deliver said cash payment to the Holder by the fifth Business Day after the end of such Penalty Period.
An Owner’s Availability Notice shall become effective when issued, provided, however, that if Owner becomes subject to a Non- Performance Penalty under Section 8.5, any Owner’s Availability Notice given during the Penalty Period shall not become effective until 72 hours after the Owner’s Availability Notice is given.