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).
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.
More Definitions of Standby Period
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 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 means from the date of this Agreement until HML is appointed as Administrator in accordance with Clause 2.2 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).
Standby Period has the meaning specified in Section 4.01 hereof.
Standby Period has the meaning given in Exhibit C.
Standby Period has the meaning set forth in Section 4.13(a).
Standby Period means the period commencing on (and including) the FCC Establishment Date and ending on (but excluding) the earliest of the following dates: