Challenge Period Clause Samples

The Challenge Period clause defines a specific timeframe during which a party may dispute, contest, or raise objections to a particular action, decision, or event under the agreement. For example, after receiving notice of a claim or an invoice, the recipient may have a set number of days to formally challenge its validity or accuracy. This clause ensures that any disagreements are addressed promptly, providing certainty and finality by preventing indefinite disputes and encouraging timely resolution of issues.
Challenge Period. The Challenge will accept Proposals as follows: 1. Proposals will be accepted starting on the Start Date/Time until the End Date/Time. The intervening time between these is the “Challenge Period.” 2. All dates and times are subject to change at Sponsor’s sole determination. Changes to the Challenge Period may be announced on the Sponsor’s website. 3. Proposals received following the Challenge Period may be rejected at Sponsor’s sole determination.
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Challenge Period. Asserted restric- tions should be reviewed before accept- ance of technical data deliverable under the contract. Assertions must be challenged within three years after final payment under the contract or three years after delivery of the data, whichever is later. However, restrictive markings may be challenged at any time if the technical data— (i) Are publicly available without re- strictions; (ii) Have been provided to the United States without restriction; or (iii) Have been otherwise made avail- able without restriction other than a release or disclosure resulting from the sale, transfer, or other assignment of interest in the technical data to an- other party or the sale or transfer of some or all of a business entity or its assets to another party.
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Challenge Period. Each employee shall have a period of thirty (30) days after posting of the seniority list in which to advise the Board or its agents in writing of any inaccuracies which affect his/her seniority. The notification should be directed to the Human Resources Office
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Challenge Period. The “Challenge Period” begins on September 3, 2019 at 12:00:00 am Pacific Time and ends on September 15, 2021 at 11:59:59 pm Pacific Time (“Final Challenge Deadline”). Sales of Qualified F3 Feed (defined below) count toward the Challenge beginning on October 1, 2020 at 12:00:00 am Pacific Time. “Qualified F3 Feed” means F3 Feed that is in compliance with the F3 Feed Guidelines and Requirements below. The Sponsors’ computer is the official time-keeping device for the Challenge and is on Pacific Time. Entrant Teams can view their sales progress against the self-reported sales of other Entrant Teams by visiting the challenge website at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
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Challenge Period. (a) No Collateral or Prepetition Collateral (including Cash Collateral) may be used to pay, any claims for services rendered by any Debtor Professionals (or any successor trustee or other estate representative in the Chapter 11 Cases or any successor cases), any creditor or party in interest, any official committee or any other party in connection with the assertion of or joinder in any claim, counterclaim, action, proceeding, application, motion, investigation, objection, defense or other contested matter against the Senior Secured Parties in connection with (i) invalidating, setting aside, avoiding, subordinating, recharacterizing, or challenging, in whole or in part, any claims or liens arising under or with respect to the Finance Agreements, the Senior Secured Notes Claim, the Notes Liens, the Collateral, or the Prepetition Collateral, or (ii) preventing, hindering, or delaying, whether directly or indirectly, the Senior Secured Parties’ assertions or enforcement of their liens, security interests, or realization upon any of the Collateral or the Prepetition Collateral. Notwithstanding anything herein to the contrary, the Committee shall have until the earlier of (i) five (5) business days prior to the date first set for a confirmation hearing in the Chapter 11 Cases and (ii) sixty (60) days after the entry of the Final Order (the “Challenge Period”) to investigate the validity, perfection, enforceability, and extent of the Prepetition Obligations and Notes Liens and any potential claims of the Debtors’ estates against the Senior Secured Parties in respect of the Senior Secured Notes Claim, the Notes Liens, or any other claims, causes of action, or defenses under chapter 5 of the Bankruptcy Code or any other claims and causes of action (all such claims, defenses and other actions described in this paragraph are collectively defined as “Claims and Defenses”). (b) Any Claim or Defense must be made by a party in interest with standing who timely and properly commences an adversary proceeding on or before the expiration of the Challenge Period. If no such action is properly filed on or before the expiration of the Challenge Period, all holders of claims and interests as well as other parties in interest shall be forever barred from bringing or taking any such action, and the Debtors’ stipulations made herein and the release set forth in this Interim Order shall be binding on all parties in interest, including any chapter 7 trustee or chapter 11 trustee app...
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Challenge Period. The recognition rights of the representative designated herein shall not be subject to challenge until during a thirty (30) calendar day period running between one hundred and eighty (180) to one hundred and fifty (150) calendar days before expiration of this MOU and subject to any final court orders.
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Challenge Period. The Challenge begins on May 19th, 2015 and ends on June 28th, 2015, 11:59pm (Malaysian Standard Time - GMT+8) (“Challenge Period”). All dates are subject to change.
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Challenge Period. Any party in interest (subject in all respects to any agreement or applicable law that may limit or affect such entity’s right or ability to do so, a “Challenge Party”) with requisite standing granted by the Court (which motion for such standing may be filed concurrently with an adversary proceeding or contested matter), has timely filed an adversary proceeding or contested matter (subject to the limitations contained herein), upon the earliest of: (i) 75 days from the date of entry of the Interim DIP confirmation of the Plan (the “Challenge Period”); provided, however, that if the Chapter 11 Case converts to a chapter 7 case, or if a chapter 11 trustee is appointed, prior to the end of the Challenge Period, any such trustee shall have the benefit of any remaining portion of the Challenge Period, and in any event 10 days from the appointment of such trustee, to file such an adversary proceeding or contested matter.
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Challenge Period. The Financing Orders shall establish a deadline that (i) in the case of a Creditors’ Committee, is no earlier than thirty (30) days after the appointment of such committee, but in any event is within sixty (60) days of the Petition Date, or (ii) in the case of any other party in interest, is within forty (40) days of the Petition Date, by which the Creditors’ Committee, or any creditor or other party-in-interest (in any case, which has obtained the requisite standing) must commence an adversary proceeding, if at all, against the Prepetition Agent or the Prepetition Lenders for the purpose of challenging the validity, extent, priority, perfection and enforceability of the prepetition secured debt under the Prepetition Credit Agreement or the other Prepetition Loan Documents, or the liens, claims and security interests in the Prepetition Collateral in favor of the Prepetition Agent or the Prepetition Lenders or otherwise asserting any claims or causes of action against the Prepetition Agent or such Prepetition Lenders on behalf of the Debtors’ estates; provided, however, that nothing contained in this term sheet, the DIP Loan Documents or the Financing Orders shall be deemed to confer standing on the Creditors’ Committee or any other party in interest to commence such an adversary proceeding. If such an adversary proceeding is not commenced within such period, then the DIP Secured Parties and the Existing Secured Parties (each as defined in the Financing Orders) shall automatically receive full waivers and releases provided in the Financing Orders and the liens of the Prepetition Agent on behalf of the Prepetition Lenders shall be valid, perfected, enforceable and unavoidable without any further action by the Prepetition Agent or Prepetition Lenders under the terms of the Financing Orders. None of the Carve-Out, any Cash Collateral, the DIP Facility Loans, the DIP Collateral or the Prepetition Collateral, may be used to challenge the amount, validity, perfection, priority or enforceability of, or assert any defense, counterclaim or offset to, the DIP Loan Documents or the Prepetition Loan Documents, or the security interests and liens securing any of the DIP Obligations or Prepetition Obligations, or to fund prosecution or assertion of any claims, or to otherwise litigate against the DIP Agent, any DIP Lender, the Prepetition Agent or any Prepetition Lender; provided that up to $50,000 shall be made available to the Creditors’ Committee for investigation cos...
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Related to Challenge Period

  • ▇▇▇▇▇ Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the payment of any Dues due. During this grace period, the Agreement will remain in force. However, the Subscriber will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Hire Period 5.1 Where hire of the Hire Goods is to a Customer who is an individual (whether a consumer or otherwise) or relevant recipient of credit as defined under Article 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 e.g. (a). a partnership consisting of two or three persons not all of whom are bodies corporate, or (b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership(‘Relevant Individual’), the Hire Period shall commence on the date [specified out in writing by the Supplier] (‘Hire Start Date’) and shall end on the earlier of (i) [the date specified in the Commercial Terms Schedule]; or (ii) the last day of the 3 month period commencing on the Hire Start Date (‘Option 1 Hire End Date’). For the avoidance of doubt, as the Hire Period to Relevant Individuals is no longer than 3 months, the hire of any Hire Goods is not covered by the Consumer Credit Act 1974. 5.2 Where the Customer is not a Relevant Individual, the Hire Period shall commence on the Hire Start Date and shall end on the date specified in the Commercial Terms Schedule (‘Option 2 Hire End Date’). 5.3 On the Option 1 Hire End Date or the Option 2 Hire End Date (as applicable), the Customer shall: (i) physically return the Hire Goods into the Supplier’s possession; or (ii) make the Hire Goods available for physical repossession or collection by the Supplier [in a location specified by the Supplier], as applicable. 5.4 For the avoidance of doubt, the Hire Period shall automatically end on the Option 1 Hire End Date or the Option 2 Hire End Date, as applicable and the Customer shall not be required to pay the Rental in respect of any period in which the Hire Goods are in the Customer’s possession or control outside the Hire Period. 5.5 Notwithstanding clause 5.4, If the Customer fails to comply with its obligations in this clause 5, then it shall be liable for any financial loss which this causes the Supplier [and shall indemnify the Supplier in full and on demand in respect of any costs, liabilities, losses and expenses (including legal fees) incurred as a result].