Examples of Standby in a sentence
Standby pay shall, however, cease where the employee is called in to work.
The Stand-by Fee shall be paid on the same dates as the Guarantee Fee.
Unless otherwise expressly agreed by Xxxxxx and Borrower when a Letter of Credit is issued by it, (i) the rules of the International Standby Practices, ICC Publication No. 590 (as amended, supplemented, restated, and/or republished from time to time, the “ISP”) shall apply to each standby Letter of Credit.
Standby pay shall, however, cease where a nurse is called in to work under Article 17.04 (b) below and works during the period of standby.
Notwithstanding anything herein to the contrary this Section 4(m) shall not apply to any issuance of securities pursuant to that certain Standby Equity Purchase Agreement to be entered into by and between the Company and the Buyer or one of its affiliates (the “ELOC”).