Commencing December Clause Samples
The 'Commencing December' clause establishes that a particular obligation, right, or process will begin in the month of December. In practice, this could refer to the start date for a lease, the initiation of services, or the commencement of payments, all of which are set to begin in December of a specified year. By clearly defining the start month, this clause ensures both parties are aligned on when responsibilities or benefits under the agreement are activated, thereby preventing confusion or disputes regarding the timing of commencement.
Commencing December. A general increase of cents per hour to be added to the present rate of all employees.
Commencing December. 31. 2017, so long as any amount under the Term Loan remains outstanding or is owing to Lenders the Borrower shall procure that there be maintained the following ratios regarding the performance of the Borrower, the same to be tested semi-annually on a trailing 12 months basis against the consolidated results of the Borrower:
a) Minimum Current Ratio of 1.1;
b) Minimum Debt Servicing Coverage Ratio of:
(i) from the date of first testing to December 31, 2018 of 1.1; and
(ii) thereafter of 1.2;
Commencing December. A general increase of cents per hour to be added to the December rate.
Commencing December. 31, 2007, maintain as of the end of each fiscal quarter of Companies, a Funded Debt to EBITDA Ratio of not more than 3.0 to 1.0.
Commencing December. 31, 2007, maintain as of the end of each fiscal quarter of Companies a Tangible Net Worth of not less than the Base Amount.
Commencing December. A general increase of cents per hour to be added to the June rate of all employees A general increase cents per hour will be added to the December rate of all employees A general increase of cents per hour will be added to the June rate of all employees A general increase of cents per hour will be added to the December rate of all employees After an employee has worked on the Line for over one (1) year, he shall receive a premium of fifteen cents (0.15) per hour. Is in possession of a current Provincial License. Lacks qualifications for Class “A” or and is considered In training Is in possession of a current Provincial License. Has required sufficient knowledge and skills to qualify for the Provincial examinations. Lacks qualifications for Class “A” or and is considered in In training. Qualifications to be determined from the Industrial Mechanics Trade Manual.
Commencing December. 31, 1997, any Requesting Holders may make a written request to the Company (specifying that it is being made pursuant to this Section 2) that the Company file a registration statement under the 1933 Act (or a similar document pursuant to any other statute then in effect corresponding to the 1933 ▇▇▇) ▇▇vering the registration of Registrable Stock. In such event, the Company shall (x) within ten (10) days thereafter notify in writing all other Holders of Registrable Stock of such request, and (y) use its best efforts to cause to be registered under the 1933 Act all Registrable Stock that the Requesting Holders and such other Holders have, within forty-five (45) days after the Company has given such notice, requested be registered.
Commencing December. 31, of each year the member’s Accrued Time Bank will be reduced to zero (0) hours. The member’s prorated entitlement from the previous year shall be credited to the member’s bank on January 1. Such entitlement shall be estimated by Payroll and circulated with the Annual/Statutory Leave selection in September of each year. This entitlement will be confirmed on January 1 of the following year.
Commencing December. A general increase of cents per hour to be added to the December rate of all employees After an employee has worked on the Line for over one (1) year, he shall receive a premium of fifteen cents (0.15) per hour. Is in possession of a current Provincial License. Has required sufficient knowledge and skills to qualify for the Provincial examinations. Lacks qualifications for Class “A” or and is considered In training Is in possession of a current Provincial License. Has required sufficient knowledge and skills to qualify for the Provincial examinations, Lacks qualificationsfor Class “A” or and is considered in In training. Qualifications to be determined from the Industrial Mechanics Trade Manual.
Commencing December. 9 and each subsequent Monday, or following business day, if Monday is a holiday, the General Agent shall pay to the Company by wire transfer an amount equal to all collections received from insureds for which Premium Advances have previously been made ("Weekly Premium Collections"), together with all Contract Interest (net of the Premium Advance Service Fee described in Section 5A.8, below) ("Weekly Net Contract Interest") due from the General Agent through the previous Friday. All such Weekly Premium Collections shall be applied to reduce the outstanding amount of the aggregate Premium Advance balance. Additionally, once a month, as received by the General Agent from the FCIC, the General Agent shall pay to the Company by wire transfer the total amount received from the FCIC for loss payments against premiums that have previously been the subject of a Premium Advance ("Loss Payments"). Such Loss Payments shall also be applied to reduce the outstanding amount of the aggregate Premium Advance balance. Notwithstanding the foregoing, any payments made under this section shall be applied first toward outstanding Contract Interest and then toward outstanding Premium Advances.