Claim Handling Period Sample Clauses

Claim Handling Period. 1. The Claims procedure begins to lapse on the day on which the Claim is filed pursuant to the provisions of this Claims Order. Exercising the Claim means: a) with postal shipments – the day of delivery of the Claim to the registry in the registered office of the System Operator (stamp, date of the received post), b) with delivery in person at a Contact Point and Distribution Point – the next working day following the day of receiving the Claim at the Contact or Distribution Point, c) by the Web Portal – by sending from the Portal using the authorised access – the next working day following the electronic sending of a filled claim protocol using the authorised access, d) with reporting by phone – date and time of the phone call. In case of filing the Claim on the phone, the written form for handling of the final statement is not a condition. 2. The System Operator is obliged to handle the Claim immediately, in complicated cases within five working days. 3. If the Claim is incomplete and/or unclear, the period for handling the Claim begins to lapse on the day of supplementation of the missing information. 4. The Claims procedure ends on the day of handling the Claim, ending of the Claims procedure. 5. The contact person stated on the claim protocol is informed about the handling of the Claim by sending of a written statement or by its placement on the Web Portal with the direct authorised access. If the Claim is filed by phone, the written form for its handling is not a condition. With filing of the Claim on the phone, an announcement on the phone of its handling is considered to be the claim handling via a phone call.
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Related to Claim Handling Period

  • Billing Period The calendar month shall be the standard period for all charges and payments under this Agreement. On or before the fifteenth (15th) day following the end of each month, Seller shall render to Buyer an invoice for the payment obligations incurred hereunder during the preceding month, based on the Energy Delivered in the preceding month, and any RECs deposited in Buyer’s GIS account or a GIS account designated by Buyer to Seller in writing in the preceding month. Such invoice shall contain supporting detail for all charges reflected on the invoice, and Seller shall provide Buyer with additional supporting documentation and information as Buyer may request.

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

  • Interim Period (a) During the period commencing on the date of this Agreement and ending with the earlier to occur of the Closing Date or the termination of this Agreement in accordance with its terms, the Company agrees that it will, except as set forth on Schedule 3.3(a): (i) carry on its respective businesses in substantially the same manner as it has heretofore and not introduce any material new method of management, operation or accounting; (ii) maintain its respective properties and facilities, including those held under leases, in as good working order and condition as at present, ordinary wear and tear excepted; (iii) perform all of its respective obligations under agreements relating to or affecting its respective assets, properties, or rights; (iv) keep in full force and effect present insurance policies or other comparable insurance coverage; (v) use its best efforts to maintain and preserve its business organization intact, retain its respective present key employees, and maintain its respective relationships with suppliers, customers, and others having business relations with it; (vi) maintain compliance with all permits laws, rules and regulations, consent orders, and all other orders of applicable courts, regulatory agencies, and similar governmental authorities; (vii) maintain present debt and lease instruments and not enter into new or amended debt or lease instruments; and (viii) maintain present salaries and commission levels for all officers, directors, employees and agents. (b) During the period commencing on the date of this Agreement and ending with the earlier to occur of the Closing Date or the termination of this Agreement in accordance with its terms, the Company agrees that it will not, except as set forth on Schedule 3.3(b): (i) make any change in its Certificate or Articles of Incorporation or Bylaws; (ii) issue any securities, options, warrants, calls, conversion rights or commitments relating to its securities of any kind; (iii) declare or pay any dividend, or make any distribution in respect of its stock whether now or hereafter outstanding, or purchase, redeem or otherwise acquire or retire for value any shares of its stock or declare any dividends or make any distributions (other than S Corporation distributions), nor pay out any extraordinary bonuses in excess of pro rata bonuses customarily paid, or fees, or commissions to the Shareholders, directors, management or other personnel; (iv) sell, assign, lease, or otherwise transfer or dispose of any property or equipment except in the normal course of business; (v) negotiate for the acquisition of any business or the start-up of any new business; (vi) merge or consolidate or agree to merge or consolidate with or into any other corporation; (vii) waive any material rights or claims; (viii) commit a material breach of or amend or terminate any material agreement or Permit; (ix) enter into any other transaction outside the ordinary course of its business consistent with past business practice or prohibited hereunder; or (x) change its accounts receivable collection practice or factor its accounts receivable in any way.

  • PRORATION PERIOD The Tenant: (check one)