Vacancy Period definition
Examples of Vacancy Period in a sentence
In particular, if any Board meeting is held during the Vacancy Period, the Appointing Shareholder(s) shall be able to exercise the rights applicable to its Director(s) under Section 10 in an appropriate manner; provided however that if such Appointing Shareholder(s) fail(s) to fill the vacancy of the Director before the expiry of the Vacancy Period, then the Appointing Shareholder(s) shall not exercise the rights under Section 10 until such vacancy of Director is filled.
During the Vacancy Period, Seller shall attempt to rent all of the properties that comprise the Vacant Property.
During the Vacancy Period, no action (except for such Board actions as are required to fill such vacancy in accordance with the terms of this Agreement) may be taken by the Board until such vacancy is filled or this requirement is waived by the Investor that has the right to fill such vacancy.
Following receipt of such notice, Sublessee may, at its sole -------------- discretion, exercise its Expansion Option for all or a portion of the unoccupied Leased Premises, or the space to be so vacated by Sublessor, as the case may be, by delivering written notice (the "Expansion Notice") to Sublessor at least 30 ---------------- days prior to the expiration of the Vacancy Period.
If Seller fails to rent any of the properties that comprise the Vacant Property within the Vacancy Period, then Escrow Holder shall distribute to Buyer the Assigned Home Value of each property that comprises the Vacant Property, and shall return the closing deliveries applicable to the transfer of each of the properties that comprises the Vacant Property to Seller.
Sublessor shall, from time to time, promptly give ---------------- Sublessee written notice of any space within the Leased Premises that Sublessor is not occupying or which Sublessor intends to vacate, and said notice shall specify the period of time that Sublessor intends to keep such space vacant (the "Vacancy Period").
During the Vacancy Period, no action (except for such Board actions as are required to fill such vacancy in accordance with the terms of the Stockholders Agreement (to the extent it is in effect)) may be taken by the Board until such vacancy is filled or this requirement is waived by the Investor that has the right to fill such vacancy.
Thereafter, except as provided below, upon the occurrence of any vacancy in the position of the Independent Director (a "Vacancy"), the LLI Directors and the ICMG Directors shall in good faith mutually nominate the Independent Director within thirty (30) business days after the occurrence of a Vacancy (the "Vacancy Period").
For each Existing Job that was in existence on the Date of this Agreement and which was discontinued or unfilled (each, a "Lost Existing Job") for any period (the "Vacancy Period") during the Compliance Period, KDOCH shall calculate the total amount of gross wages that would have been paid with respect to such Lost Existing Job during such Vacancy Period and the total amount of withholding taxes that would have been withheld with respect to such Lost Existing Job during such Vacancy Period.
The Camper agrees to declare in writing to the Owner on or before October 31 of each year the date when they will be closing and vacating their unit and the continuous duration of their vacancy, which shall be not less than sixty (60) consecutive days in accordance with the Minimum Vacancy Period.