Suspension Reason definition

Suspension Reason means the basis for suspending a Member (i) as provided in the Governing Documents; (ii) as determined by the Board for good cause; (iii) when no longer qualified to be a Member; (iv) for failure to timely pay an undisputed amount due to the Cooperative; (v) for violation of or failure to timely comply with the Governing Documents; (vi) when the Member ceases using a Cooperative Service for six (6) consecutive months; or (vii) when requested by the Member.
Sample 1Sample 2Sample 3
Suspension Reason means, an event or occurrence that, in the opinion of TERP’s counsel, would require disclosure of information in a Shelf Registration Statement not otherwise then publicly disclosed so that such Shelf Registration Statement (including any supplement or amendment or supplement thereto) will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. 1.1.29 “TERP” has the meaning assigned to such term in the preamble; 1.1.30 “U.S. Exchange Act” means the United States Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations promulgated by the SEC thereunder; 1.1.31 “U.S. Securities Act” means the United States Securities Act of 1933, as amended, or any similar federal statute and the rules and regulations promulgated by the SEC thereunder; and 1.1.32 “U.S. Securities Laws” means, collectively, the securities laws of the United States, including the U.S. Exchange Act, the U.S. Securities Act, state securities or “blue sky” laws within the United States, and all rules, regulations and ordinances promulgated thereunder. 1.1.33 “Valid Business Reason” has the meaning assigned to such term in Section 2.1.2.
Sample 1
Suspension Reason means, an event or occurrence that, in the opinion of TERP’s counsel, would require disclosure of information in a Shelf Registration Statement not otherwise then publicly disclosed so that such Shelf Registration Statement (including any supplement or amendment or supplement thereto) will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.
Sample 1

Examples of Suspension Reason in a sentence

  • After providing a Member reasonable notice and an opportunity to comment orally or in writing, the Cooperative may suspend or terminate the Provision of a Cooperative Service to the Member for a Suspension Reason.

  • Unless otherwise determined by the Board in good faith, a Member’s suspension is automatically lifted upon the Member rectifying, to the Cooperative’s reasonable satisfaction, the underlying Suspension Reason within ten (10) days of the suspension.

  • After providing a Member reasonable notice and an opportunity to comment orally or in writing, the Cooperative may suspend or terminate the provision of a Cooperative Service to the Member for a Suspension Reason.

  • Unless the Cooperative determines otherwise, a Member’s suspension is lifted upon the Member rectifying the applicable Suspension Reason within 30 days of the suspension.

  • Unless otherwise determined by the Cooperative, a Member’s suspension is automatically lifted upon the Member rectifying, to the Cooperative’s reasonable satisfaction, the underlying Suspension Reason within ten (10) calendar days of the suspension.

  • This thesis will however narrow the scope of ICT implementation to consider the requirements and possible applications to PSO from the UN Department of Peacekeeping Operations (DPKO) as the strategic level to the PSO field mission and field components as operational and tactical levels respectively.

  • Unless otherwise determined by the COOPERATIVE in good faith, a Member's suspension is automatically lifted upon the Member rectifying, to the COOPERATIVE's reasonable satisfaction, the underlying Suspension Reason within ten(10) days of the suspension.

  • Following the occurrence of a Suspension Reason, other than a Member’s voluntary request for suspension, any Member shall be suspended, provided the Cooperative (i) provides the Member at least fifteen (15) days prior written notice of the Member’s possible suspension, the underlying Suspension Reason, and that the Member has at least five (5) days from delivery of such notice to comment, orally or in writing, on the Suspension Reason.

  • After providing a Member reasonable notice and an opportunity to comment orally or in writing, the Cooperative may suspend or terminate the provision of a CooperativeService to the Member for a Suspension Reason.

  • Provide a list of disciplinary suspensions issued during the audit time frame to Suspensionsinclude the following for each transaction: Code 250.110(e) Employee Name Procedures Manual:Classification Employment/4.8Date(s) of Suspension Employment/4.8aLength of Suspension Reason for Suspension (The Auditor will also need to review these personnel records during the on-site visit.) Voluntary DemotionsK.

Related to Suspension Reason

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Suspension Event As defined in Section 5(b) hereof.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Suspension Notice As defined in Section 6(d) hereof.

  • Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

  • Good Reason means:

  • Shelf Suspension Period See Section 3(a) hereof.

  • For Good Reason as defined in Section 6.4.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Voluntary Termination for Good Reason means the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Window Period means the 3 consecutive calendar month period prior to the Scheduled Maturity Date.

  • Constructive Termination means:

  • Force Majeure Period has the meaning specified in Section 13.1.

  • Rectification Period means the period of time set out in Section 4.3 of this RFP during which a Proponent will be permitted to rectify its Proposal to satisfy the mandatory submission requirements of this RFP.

  • Cause Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Dealer Manager, (2) a representation or warranty made by the Dealer Manager herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Dealer Manager of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Dealer Manager by the Company.

  • Without Good Reason means termination of Executive’s employment by Executive other than For Good Reason pursuant to SECTION 3.2(b) below.

  • Specified Cause Event shall have the meaning set forth in the SLDs.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly financial statements pursuant to Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • Suspension means a suspension pursuant to Education Law § 3214.

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Disabled or Disability means Disabled or Disability within the meaning of Section 409A of the Code and the regulations thereunder. Generally, this means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering Employees of the Employer.

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • For Cause means:

  • Constructive Termination Without Cause means a termination of the Executive's employment at his initiative as provided in this Section 10(c) following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination):