Seasonal Increase Period means the period beginning on April 1 of each calendar year and continuing through September 30 of such calendar year.
Seasonal Increase Period means any period of time during the Period of Insurance that has turnover, sales or level of Stock at least 20% higher than the average turnover, sales or level of Stock at other times during the Period of Insurance.The total number of days Keystone will allow as Seasonal Increase Periods is 120 days in total during any one Period of Insurance. The Insured does not have to tell Keystone what the dates of the periods are, but if the Insured claim under a Policy section which has the seasonal increase cover, then the Insured’s financial records over at least the previous two (2) years must substantiate the period as a Seasonal Increase Period. If the Business is less than two (2) years old, Keystone will use the financial records of the Insured’s Business from the date of commencement until the date of the loss or damage to substantiate the Insured’s claim.The Insured can nominate different Stock increase period(s) or higher percentage increases of Stock. If the Insured do, they will be shown on the Insured’s Schedule and the Insured must pay any additional premium that applies.
Seasonal Increase Period means the period beginning on April 1 of each calendar year and continuing through September 30 of such calendaryear.
Examples of Seasonal Increase Period in a sentence
We will automatically increase the Sum Insured in respect of Stock by fifty percent (50%) during the Seasonal Increase Period.
If You have insured Stock as a separate item to Your Contents, the Insured Amount on Stock is increased by 50% or such other amount as is specified in the current Schedule during a Seasonal Increase Period.
We will automatically increase the Insured Amount in respect of Stock by fifty percent (50%) or such other amount as is specified in the Schedule during a Seasonal Increase Period.
We will automatically increase the Insured Amount in respect of Money by fifty percent (50%) or such other amount as is specified in the Schedule during a Seasonal Increase Period.
We will automatically increase the Sum Insured in respect of Money by fifty percent (50%) during the Seasonal Increase Period.
More Definitions of Seasonal Increase Period
Seasonal Increase Period means a period of ninety (90) consecutive days elected by the Lead Borrower each year upon thirty (30) days’ prior notice to the Administrative Agent. “Specified Account Debtors” means the account debtors set forth on Schedule I to the Twelfth Amendment. “Twelfth Amendment” means the Twelfth Amendment to Credit Agreement dated as of September 15, 2015 by and among the Borrowers, the Guarantors, the Lenders and Xxxxx Fargo Bank, National Association, as Administrative Agent, Collateral Agent, and Swing Line Lender. “Twelfth Amendment Effective Date” means September 15, 2015. “Twelfth Amendment Fee Letter” means the Fee Letter, dated as of the Twelfth Amendment Effective Date, between the Agents and the Borrowers.
Seasonal Increase Period means the period commencing on the first (1 st ) day of August of each fiscal year and ending on the fourteenth (14 th ) day of February of the following fiscal year.
Seasonal Increase Period means the period from August 1, 2017 through September 30, 2017.
Seasonal Increase Period means a period of one hundred (100) consecutive days elected by the Lead Borrower each year upon five (5) Business Days’ prior written notice to the Administrative Agent; provided that (a) in no event shall the Lead Borrower select a period which commences prior to the date of notice from the Lead Borrower selecting such period; (b) if an Event of Default then exists, there shall -52- be no Seasonal Increase Period for such year; (c) no Seasonal Increase Period shall be in effect at any time that any ABL Term Obligations, the Term Loan or any Permitted Term Loan Debt is outstanding; (d) each Seasonal Increase Period shall commence on or after August 1 and terminate on or before November 30 of each year; and (e) such notice shall be accompanied by an updated Borrowing Base Certificate reflecting the Revolving Borrowing Base and Term Loan Borrowing Base after giving effect to the commencement of such Seasonal Increase Period.
Seasonal Increase Period means a period of ninety (90) consecutive days elected by the Lead Borrower each year upon thirty (30) days’ prior notice to the Administrative Agent.
Seasonal Increase Period means a period of one hundred (100) consecutive days elected by the Lead Borrower each year upon five (5) Business Days’ prior written notice to the Administrative Agent; provided that (a) in no event shall the Lead Borrower select a period which commences prior to the date of notice from the Lead Borrower selecting such period; (b) if an Event of Default then exists, there shall be no Seasonal Increase Period for such year; (c) no Seasonal Increase Period shall be in effect at any time that the Term Loan is outstanding; (d) each Seasonal Increase Period shall commence on or after August 1 and terminate on or before November 30 of each year; and (e) such notice shall be accompanied by an updated Borrowing Base Certificate reflecting the Revolving Borrowing Base and Term Loan Borrowing Base after giving effect to the commencement of such Seasonal Increase Period.
Seasonal Increase Period means the period from January 16 to July 15 of each calendar year, provided that, the Company may elect, in its sole discretion, to not increase the Aggregate Commitments during the entire Seasonal Increase Period of such fiscal year to the Seasonal Increase Amount by giving the Administrative Agent a written notice, in form and substance reasonably satisfactory to the Administrative Agent, of such election not later than the tenth (10th) Business Day preceding the scheduled beginning of such Seasonal Increase Period.