Second Interim Period definition

Second Interim Period means the period commencing immediately following the First Closing and ending on the earlier of (a) the Second Closing and (b) the effective time on which this Agreement is terminated pursuant to Section 7.9.
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Second Interim Period means the period from January 1, 2015 to (and including) the earliest of December 31, 2015, the Closing Date and the Termination Date, if the Closing or the Termination Date does not occur prior to January 1, 2015.
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Second Interim Period means the period commencing immediately following the First Closing and ending on the earlier of
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Examples of Second Interim Period in a sentence

  • The Parties also acknowledge that during the period from July 9, 2004 until October 31, 2004 (the "Second Interim Period"), Executive served the Company as Chairman of the Board and Interim Chief Executive Officer.

  • The Second Interim Period Management Fee is payable by Seller regardless of the scope of services provided to, or requested by Seller, and may not (with the exception of pro-rations for a partial period) be reduced or offset in any manner.

  • If the Second Closing Earnings Amount is greater than the Second Interim Period Management Fee paid to Purchaser for the Second Interim Period, the Sellers shall remit to the Purchser (within ten (10) days after such final determination by the Parties) a payment equal to the amount by which the Second Closing Earnings Amount is greater than the Second Interim Period Management Fee.

  • The Parties acknowledge that during the Second Interim Period, the Executive has been entitled to compensation at the rate of $125,000 per year, with a guaranteed bonus the pro rata portion of $50,000 per year ("Second Interim Compensation").

  • Purchaser agrees that during the Second Interim Period, it will make available Xxxxxxxx and, from time to time as the Purchaser deems reasonably necessary, some of the other Key Employees to provide managerial assistance (generally of the type such Persons provided during their tenure with the Sellers) to Sellers with respect to operating the Business represented by the Second Closing Acquired Balance Sheet and the Second Purchase Assets in the ordinary course and consistent with past practice.

  • The second interim period ran from December 1, 2008, through March 31, 2009 (the “Second Interim Period”).Since the end of the Second Interim Period, the professionals have continued to incur fees and expenses.

  • During the Second Interim Period, Seller shall remain responsible for all salaries, bonuses, benefits and other compensation owing to the Employees, for all decisions relating to hiring, termination and terms and conditions of employment, and for all claims made by any Employee (including claims for termination and severance payments), provided that Purchaser may make recommendations to Seller in all regards.

  • The Debtor may seek additional Court orders on use of the Lender’s Cash Collateral to the extent that additional funds are needed for capital improvements or unforeseen expenses, repairs, if approval cannot be obtained from the Lender in writing of the additional expenses of the particular financial request during the Second Interim Period.

  • In consideration of the operation and maintenance by Telesat of the Second Successfully Delivered Satellite during the Second Interim Period, TCI shall pay to Telesat an amount equal to [*****] Operating Fee payable pursuant to Section 7.6(e), the amount of such quarterly Operating Fee to be initially estimated by TCI and Telesat in good faith and to be prorated based on the actual number of days in the Second Interim Period.

  • The Second Interim Fee Orderauthorizing the payment of 90% of McKinsey RTS’s fees for the Second Interim Compensation Period is comprised of 80% of McKinsey’s fees incurred for the Second Interim CompensationPeriod, plus fifty (50%) percent of the 20% holdback for the Second Interim Period, which totaled $546,180.65 (the “Second Interim Holdback”).


More Definitions of Second Interim Period

Second Interim Period means the period commencing on the first calendar day after the Initial Interim Period and ending on August 1, 2014.
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Second Interim Period means the period from the First Closing to the Second Closing.
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Related to Second Interim Period

  • Interim Period has the meaning specified in Section 6.1.

  • Interim Payment has the meaning specified in Section 10.1.

  • Pre-Closing Period means any taxable period ending on or before the Closing Date.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Earn-Out Period has the meaning set forth in Section 2.3(a).

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Pre-Closing Periods means all Tax periods ending at or before the Closing Date and, with respect to any Tax period that includes but does not end at the Closing Date, the portion of such period that ends at and includes the Closing Date.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Billing Period means (subject to Article 6.1 of the Agreement) the calendar month ending with the Metering Date. The first Billing Period shall commence from the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Earnout has the meaning set forth in Section 2.9(a).

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Excess Cash Flow Interim Period means, (x) during any Excess Cash Flow Period, any one, two, or three-quarter period (a) commencing on the later of (i) the end of the immediately preceding Excess Cash Flow Period and (ii) if applicable, the end of any prior Excess Cash Flow Interim Period occurring during the same Excess Cash Flow Period and (b) ending on the last day of the most recently ended fiscal quarter (other than the last day of the fiscal year) during such Excess Cash Flow Period for which financial statements are available and (y) during the period from the Closing Date until the beginning of the first Excess Cash Flow Period, any period commencing on the Closing Date and ending on the last day of the most recently ended fiscal quarter for which financial statements are available.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Proration Month means the month for which capacity is to be allocated under Item 7.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Pre-Closing Taxable Period means any taxable period ending on or before the Closing Date.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Earnout Amount has the meaning provided in Section 2.9(b).