Modified Terms Applicable During Forbearance Period Clause Samples

Modified Terms Applicable During Forbearance Period. In the event that Owner exercises its rights pursuant to Section 14.2(e) of the Distribution Company TSA or Section 14.3(e) of this Agreement, during the continuation of the period of forbearance by Purchaser of its rights as contemplated by Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA, an additional $3 shall be available in clause (b) of the definition of Non-Excused Outage Payment for the calculation of such payment by Owner, and an additional Ten Million Dollars ($10,000,000) per Contract Year shall be available with respect to the limitation of liability contained in Section 7.3.1. If Owner is successful in providing Firm Transmission Service under this Agreement or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, in full at or prior to the end of such period of forbearance, all such amounts shall revert at the time Firm Transmission Service or Firm Transmission Service (as defined in the Distribution Company TSA), as applicable, is provided in full to the amounts applicable under this Agreement prior to Owner’s exercise of its rights under Section 14.3(e) of this Agreement or Section 14.2(e) of the Distribution Company TSA.
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Modified Terms Applicable During Forbearance Period. In the event that Owner exercises its rights pursuant to Section 14.2(e) of the RFP Sponsor TSAs or Section 14.3(d) of this Agreement, during the continuation of the period of forbearance by Purchaser of its rights as contemplated by Section 14.3(d) of this Agreement or Section 14.2(e) of the RFP Sponsor TSAs, an additional $3 shall be available in clause (b) of the definition of Non-Excused Outage Payment for the calculation of such payment by Owner, and an additional Ten Million Dollars ($10,000,000) per Contract Year shall be available with respect to the limitation of liability contained in Section 7.3.1. If Owner is successful in providing Firm Transmission Service under this Agreement or Firm Transmission Service (as defined in the RFP Sponsor TSAs), as applicable, in full at or prior to the end of such period of forbearance, all such amounts shall revert at the time Firm Transmission Service or Firm Transmission Service (as defined in the RFP Sponsor TSAs), as applicable, is provided in full to the amounts applicable under this Agreement prior to Owner’s exercise of its rights under Section 14.3(d) of this Agreement or Section 14.2(e) of the RFP Sponsor TSAs.
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Related to Modified Terms Applicable During Forbearance Period

  • Time Off During Notice Period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • Forbearance Period Subject to the terms and conditions herein set forth and in reliance upon the Loan Parties’ representations, acknowledgments, agreements and warranties herein contained, including, without limitation, the satisfaction of the conditions precedent described in Section 5 herein, the Administrative Agent and the Lenders agree that during the Forbearance Period they will forbear from exercising remedial rights against the Collateral under the Credit Agreement and/or the other Loan Documents solely in respect of the Specified Defaults. The Administrative Agent’s and the Lenders’ agreement to forbear is temporary and limited in nature and shall not be deemed: (i) to preclude or prevent the Administrative Agent, the Lenders and/or any other Secured Party from exercising any rights and remedies under the Loan Documents, applicable law or otherwise arising on account of (A) any Default or Event of Default other than the Specified Defaults, (B) the Specified Defaults from and after the occurrence of any of the events set forth in Section 3 hereof or (C) the right to seek payment of attorneys’ fees and other costs and expenses in connection with the preparation, negotiation, execution and delivery of this Agreement and in connection with the negotiation, documentation and analysis of any proposed “work out”, restructuring, funding or amendment to the Credit Agreement or other Loan Documents prior to or after the date of this Agreement and the exercise of the rights and remedies described under Section 3; (ii) to effect any amendment of the Credit Agreement or any of the other Loan Documents, all of which shall remain in full force and effect in accordance with their respective terms; (iii) to constitute a waiver of the Specified Defaults or any other Default or Event of Default (whether now existing or hereafter occurring) (each Default or Event of Default other than any Specified Default, an “Other Default”) or any term or provision of the Credit Agreement or any of the other Loan Documents; or (iv) to establish a custom or course of dealing among the Borrower, any other Loan Party and the Administrative Agent, the Lenders and/or any other Secured Party. The Loan Parties further acknowledge and agree that interest on the Obligations will continue to accrue in accordance with Section 2.07 of the Credit Agreement.

  • Employee leaving during notice period An employee given notice of termination in circumstances of redundancy may terminate their employment during the period of notice. The employee is entitled to receive the benefits and payments they would have received under this clause had they remained in employment until the expiry of the notice, but is not entitled to any payment in lieu of any remaining notice.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.