Minimum Recapture Period Clause Samples

The Minimum Recapture Period clause establishes a specific timeframe during which certain benefits, incentives, or concessions provided under a contract must be repaid or forfeited if particular conditions are not met. For example, if a tenant receives a rent abatement or a business is granted a tax credit, and then fails to fulfill agreed-upon obligations—such as maintaining operations or employment levels—within the recapture period, the party may be required to return the benefit. This clause ensures that the granting party is protected from losses if the recipient does not uphold their end of the agreement, thereby allocating risk and encouraging compliance with contractual commitments.
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Minimum Recapture Period. Except as provided in the Reinsurance Rate Guarantee, no recapture, of either the TrueFit policy or any conversions therefrom, is permitted prior to the end of the level premium period. After the end of the level premium period, recapture of either the TrueFit policy or any subsequent conversions is permitted upon an increase in the Company's maximum corporate limits of retention, provided the Company originally held the full amount of retention anticipated under the treaty.
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Minimum Recapture Period. Recapture not available.
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Minimum Recapture Period. 20 years and contingent upon an increase in the Company's maximum limits of corporate retention.
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Minimum Recapture Period. 30 Years
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Minimum Recapture Period. At the end of the level premium period for policies where the maximum dollar retention was held at issue, up to the then current increased retention.
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Related to Minimum Recapture 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.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Holding Period For the purposes of Rule 144, the Company acknowledges that under current regulations, the holding period of the Conversion Shares may be tacked onto the holding period of the Notes (unless the holder thereof is an affiliate of the Company) and the Company agrees not to take a position contrary to this Section 4(p).

  • 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.