Retention Release Date definition

Retention Release Date means either of these dates, as the context requires;
Sample 1
Retention Release Date means the First Retention Release Date, the Second Retention Release Date or the Final Retention Release Date, as the case may be; "Second Retention Release Date" means 36 months after the Completion Date; and "Solicitors" means the Buyer's Solicitors and the Sellers' Solicitors; "Withholding" has the meaning given to it in paragraph 4.3(c) of this schedule "W&I Policy" means a warranty and indemnity insurance policy in respect of the Agreement and the transaction contemplated therein on terms that are satisfactory to the Buyer; "W&I Policy Costs" means the insurance premium payable by the Buyer in respect of the W&I Policy and any costs or expenses reasonably incurred by the Buyer in connection with the W&I Policy including, but not limited to, legal fees, the underwriting fee, and any applicable insurance premium tax; and "W&I Policy Inception Date" means the date that is 90 days following Completion. 12.
Sample 1
Retention Release Date means the date falling 12 calendar months after Completion.
Sample 1

Examples of Retention Release Date in a sentence

  • Any delay in payment of the retention monies due to be released after the Second Retention Release Date will not be deemed to constitute a late payment if withheld by the operation of this clause.

  • Any delay in payment of the retention monies due to be released after the First Retention Release Date will not be deemed to constitute a late payment if withheld by the operation of this clause.

  • If no such payment becomes due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates of the Second Retention Release Date then a payment shall become due at that time to facilitate the release of the retention monies due to be released.

  • If at the Second Retention Release Date the Domestic Sub-Contractor has not corrected all known defects in the Domestic Sub-Contract Works then the retention monies due to be released at the Second Retention Release Date shall not become due until the first payment that becomes due after the Domestic Sub-Contractor has completed the rectification of all such known defects in the Domestic Sub-Contract Works.

  • The Second Retention Release Date will be amended by delaying it by the period of any extension of time granted to the Domestic Sub-Contractor under this Domestic Sub-Contractor.

  • If no such payment becomes due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates of the First Retention Release Date then a payment shall become due at that time to facilitate the release of the retention monies due to be released.

  • If at the First Retention Release Date the Domestic Sub-Contract Works, including the correction of all known defects, all outstanding works and the provision of all documentation required by this Domestic Sub-Contract, has not been completed by the Domestic Sub-Contractor then the retention monies deducted in accordance with clause 39.1 shall not be reduced by half until the first payment that becomes due after the Domestic Sub-Contractor has completed the Domestic Sub-Contract Works.

  • Subject to clause 47 the retention monies deducted in accordance with clause 39.1 shall be reduced by half in the first payment that becomes due after the First Retention Release Date stated in the Appendix to the Articles of Agreement.

  • Subject to clause 49 the balance of retention monies held after the reduction in percentage referred to in clause 46 shall become due within the period equal to the period between the Main Contract Application Date and the payment due date as set out in the Schedule of Valuation Dates after the Second Retention Release Date stated in the Appendix to the Articles of Agreement.

  • None of the Warrantors shall have any liability in respect of any Claim unless the Purchaser has served on them a written notice on or before the Warranty Retention Release Date giving reasonable details of the Claim including the Purchaser’s then best estimate of the amount of the liability of the Warrantors in respect thereof, and has issued and served proceedings in respect thereof within six months of the date of such written notice.


More Definitions of Retention Release Date

Retention Release Date means the First Retention Release Date, the Second Retention Release Date or the Third Retention Release Date (as the case may be).
Sample 1
Retention Release Date means 31 January 1999;
Sample 1
Retention Release Date means the second anniversary of the date of this Agreement;
Sample 1
Retention Release Date means the day after a period of 12 months following Practical Completion of the Main Contract Works.
Sample 1

Related to Retention Release Date

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Earned release means earned release from confinement as

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Separation Date has the meaning set forth in the Separation Agreement.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Conditional release means a revocable modification of a

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Lease Termination Date means the last day of the Lease Term.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Retention Bonus means the amount equal to:

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Agreement Termination Date is defined in Section 7.4.