Sale of Time Sample Clauses

The 'Sale of Time' clause defines the contractual arrangement where a party sells the use of a vessel or equipment for a specified period rather than for a specific voyage or task. In practice, this means the buyer gains operational control and use of the asset for the agreed duration, typically paying a daily or monthly rate, while the seller retains ownership and may provide crew or maintenance. This clause is essential for clarifying the terms of time-based leasing arrangements, ensuring both parties understand their rights and obligations during the period of use, and preventing disputes over the scope and limits of the agreement.
Sale of Time. (a) Commencing on the Effective Date of this Agreement, ACME shall be entitled to sell time during all programming on the Station except that: (i) ACME shall be limited to sales of local advertising time during the commercial availabilities provided to the Station during the Station's broadcast of PAX TV Network programming and UPN Network programming (although ACME shall be free to sell such time to local, regional, or national advertisers); (ii) ACME shall have no right to sell time during the broadcast of Worship Network programming; and (iii) on or before the Effective Date, DP Media shall enter into a Secondary Affiliation Agreement with The WB Television Network (the "WB Network") which will include terms and conditions standard to such agreements and consistent with the terms of this Agreement as well as the following: (1) commercial time sold during children's programming will be divided evenly between the WB Network and the Station and (2) at all other times, the Station shall be able to sell up to eight (8) minutes of commercial time for each hour of WB Network programming. (b) Notwithstanding anything to the contrary in this Agreement, ACME shall have no obligation to hire any of DP Media's employees in selling time to the Station, and, to the extent that ACME deems the hire of such employees appropriate or necessary, the parties will make whatever arrangements are mutually satisfactory.
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Sale of Time 
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Related to Sale of Time

  • Calculation of Time For the purposes of this Agreement, “days” refers to calendar days unless otherwise specified.

  • Computation of Time In computing any period of time prescribed or allowed by procedures herein, the date of the act, event, or default for which the designated period of time begins to run shall not be included. The last day of the period so computed shall be counted, unless it is a Saturday, a Sunday, or a legal holiday, in which event the period runs until the end of the next day which is not a Saturday, a Sunday, or a legal holiday.

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Extension of Time If the Executive shall be in violation of any provision of this Article 6, then each time limitation set forth in this Article 6 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Article 6 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive.

  • Sale of Goods The Hirer shall, if selling goods on the premises, comply with Fair Trading Laws and any code of practice used in connection with such sales. In particular, the Hirer shall ensure that the total prices of all goods and services are prominently displayed, as shall be the organiser’s name and address and that any discounts offered are based only on Manufacturers’ Recommended Retail Prices.