Standby Period definition

Standby Period means the period from the date of this Agreement until HML is appointed as Administrator in accordance with Clause 2.3 or until the termination of this Agreement in accordance with Clause 13 (Termination by HML), Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice).

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Standby Period will normally run seven (7) consecutive days. In cases where operational requirements allow, standby periods may run less than seven (7) consecutive days.

Standby Period means the period from 1 January 2014 through 30 June 2014 during which (a) OWNER shall perform the REFURBISHMENT WORK under Clause 5.2 and (b) the STANDBY FEE shall be payable by COMPANY to OWNER regardless of the rate of hydrocarbon production of the FPSO during such period.

Examples of Standby Period in a sentence

If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator During Standby Period) and Clause 6 (Expenses of Substitute Administrator During Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.
Section 2.1. - Workweek and Workday 1 Section 2.2. - Alternative Work 1 Section 2.3. - Work Schedules 2 Section 2.4. - Rest Periods 2 Section 3.1. - Wage Schedule 2 Section 3.2. - Recording Time 2 Section 3.3. - Callout 2 Section 3.4. - Standby 3 Section 3.5. – Standby Period 3 Section 3.6. - Off-Duty Work 3 Section 3.7. - Upgrade Pay 3 Section 3.8. - Job Classifications 3 Section 3.9. - Shift Premium 4 Section 3.10.
If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator during Standby Period) and Clause 6 (Expenses of Substitute Administrator during Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.
For clarity, a Standby Period will not be considered an Early Start Duty.
Abrika’s right to Manufacture Licensed Product during the Standby Period shall be strictly in accordance with the provisions of this Article which follows: [*].

More Definitions of Standby Period

Standby Period means a period of 90 days, commencing on the date that a Standby Default exists.

Standby Period means the time during which the mobile worker has no duties, while available for taking up work. Stand-by periods must be known at least one day in advance by the mobile worker and prior to the completion of the previous shift in accordance with the conditions agreed between social partners at the level and under the terms provided in the legislation of the Member States.

Standby Period has the meaning specified in Section 4.01 hereof.

Standby Period means a period of 90 days, commencing on the date that a Standby Default exists. “Standby Violation” means a breach by Standby Creditor of the provisions of this Agreement.

Standby Period means the period from the Closing Date through and including January 31, 2002.

Standby Period shall have the meaning as provided under the CHARTERPARTY.

Standby Period mean▇ ▇ ▇▇riod of 180 days, commencing on the date that a Standby Default exists.