Suspension Date Sample Clauses

The Suspension Date clause defines the specific date on which certain contractual obligations or activities are temporarily halted. In practice, this clause is triggered when an event occurs that justifies pausing performance, such as a breach, force majeure, or failure to meet conditions precedent. By clearly establishing when the suspension takes effect, the clause helps both parties understand their rights and responsibilities during the suspension period, thereby reducing uncertainty and potential disputes.
Suspension Date. Upon the occurrence of an Event of Default under Sections 5.2 (a)-(f), the other party, (the “Non-Defaulting Party”), shall have the right, but not the obligation, within thirty (30) days, to designate by facsimile or other reasonable means any of the subsequent ten (10) Business Days as a suspension date (the “Suspension Date”). Upon the occurrence of an Event of Default under Sections 5.2(a)-(f), the Non-Defaulting Party shall have the right to draw on any outstanding collateral deposits in whole or in part, liquidate any Performance Assurance then held by or for the benefit of the Secured Party free from any claim or right of any nature whatsoever of the Defaulting Party, including any equity or right of purchase or redemption by the Defaulting Party, and/or exercise any of the rights and remedies of a Secured Party with respect to all Performance Assurance, including such rights and remedies under law then in effect.
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Suspension Date. The "Suspension Date" shall be defined as the earlier of (i) the date upon which TAM discontinues participation in all Global Distribution Systems ("GDS") within Brazil or (ii) (a) * days following the date upon which Sabre Subscriber locations within Brazil which generated * % of TAM ticket sales revenue generated by Sabre Subscribers for the preceding * months prior to the Effective Date of the Agreement have had Infrastructure preparation completed as described in Section 7.4 and (b) Brazilian travel agents and other related producers (e.g. tour operators, consolidators, etc.) who produced * % of TAM's domestic point of sale passenger revenue in the preceding * months prior to the Effective Date of the Agreement have had access to training on the Technology Solution or (iii) the * Brazilian travel agencies, including * % of their branches, or related producers, who produced the most revenue for TAM in the preceding * months (a) have had access to training on the Technology Solution and (b) of these * top producers, all Sabre Subscribers have had Infrastructure preparation completed as described in Section 7.4.
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Suspension Date. The suspension will be effective as of the date and time of submission of written notification.
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Suspension Date. The [****] day after Maxygen’s receipt from Avidia of any report described in Section 5.4.1(a) above shall be deemed a “Suspension Date.” After such Suspension Date, Maxygen may not exercise any further Target Options; provided, if (i) such [****] Change of Control does not occur within [****] days of Avidia’s notice to Maxygen [****], or within [****] thereof [****], if any regulatory ruling or government consent * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. is required for such Change of Control, or (ii) Avidia has abandoned its discussions pertaining to such [****] Change of Control, then upon the earlier to occur of such events, Avidia shall promptly notify Maxygen and such Suspension Date shall no longer be in effect, and Maxygen’s rights shall be reinstated as they were prior to such Suspension Date.
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Suspension Date. Your last day of full-time work with the Company as Senior --------------- Vice President of Sales was February 26, 2001 (the "Suspension Date"). From the Suspension Date until the Effective Date (as defined below under the ADEA Waiver heading), you have been and will remain an employee of the Company on an unpaid leave of absence (the "Leave Period"). During the Leave Period, except to the extent specified in this Agreement (and in that case only if the Agreement becomes effective), you will not receive any salary, you will not accrue any vacation benefits or other paid time off, and the vesting of any stock options, or lapse of any Company repurchase right on purchased stock, will be suspended. If the Effective Date does not occur prior to April 21, 2001, then unless otherwise elected at the sole discretion of the Company, your employment will be considered to have terminated effective as of February 26, 2001, and you will not receive any of the benefits set forth below. In addition, if you do not accept this Agreement, the Company will exercise its repurchase right with respect to any Company shares that you obtained via an early exercise provision. During the Leave Period, you will not be required, nor are you authorized, to conduct any activities on behalf of the Company except as specifically requested by the Company.
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Related to Suspension Date

  • Suspension Period (a) The Company may suspend the use of a prospectus that is part of a Registration Statement for up to 30 consecutive days (or such shorter period as the Company determines in good faith is necessary under the circumstances, with extensions beyond such shorter period up to the 30-day maximum as may be required after consultation with counsel) from the date of the Suspension Notice (as defined below) in any given 12-month period, and therefore suspend sales of Registrable Securities available for sale pursuant to such Registration Statement (such period, the “Suspension Period”) by providing written notice to each Holder if the Company’s board of directors determines in its reasonable good faith judgment that such suspension is in the best interests of the Company. (b) In the case of an event that causes the Company to suspend the use of a Registration Statement as set forth in Section 3(a) above (a “Suspension Event”), the Company shall promptly give a written notice to the Holders (a “Suspension Notice”) to suspend sales of the Registrable Securities (but shall not contain any material non-public information concerning the Company) and that such suspension shall continue only for so long as the Suspension Event is continuing. A Holder shall not effect any sales of the Registrable Securities pursuant to such Registration Statement (or such filings) at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). Each Holder agrees that such Holder shall treat as confidential the receipt of the Suspension Notice and shall not disclose the information contained in such Suspension Notice without the prior written consent of the Company until such time as the information contained therein is or becomes available to the public generally, other than as a result of disclosure by the Holder in breach of the terms of this Agreement; provided, that the foregoing will not prohibit the Holder from trading in the Registrable Securities solely by virtue of having received a Suspension Notice and the information contained therein. A Holder may recommence effecting sales of the Registrable Securities pursuant to the Registration Statement (or such filings) following further written notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the Holders promptly following the conclusion of any Suspension Event.

  • Suspension Periods The Company may (i) delay the filing or effectiveness of a Registration Statement in conjunction with a Shelf Registration or Demand Registration or (ii) prior to the pricing of any underwritten offering or other offering of Registrable Securities pursuant to a Shelf Registration or Demand Registration, delay such underwritten or other offering (and, if it so chooses, withdraw any registration statement that has been filed), but in each case described in clauses (i) and (ii) above, only if (A) the Company, by decision of either its chief executive officer or its board of directors or similar governing body, determines in her or its reasonable and good faith judgement (x) that proceeding with such an offering would require the Company to disclose material non-public information that would not otherwise be required to be disclosed at that time and that the Company has, in the reasonable business judgment of its chief executive officer, a valid business purpose to continue to retain as confidential or (y) that the registration or offering to be delayed could, if not delayed, materially adversely affect any bona fide pending or proposed transaction that would be material to the Company and its subsidiaries taken as a whole, including any debt or equity financing, any acquisition or disposition, any recapitalization or reorganization or any other material transaction, whether due to commercial reasons, a desire to avoid premature disclosure of information or any other reason or (B) the registration or offering to be delayed would, if not delayed, render the Company unable to comply with requirements under the Securities Act or Exchange Act, the rules and regulations of the SEC, FINRA, or state securities authority, or other applicable laws or the requirements of any securities exchange on which the Company’s securities are listed. Any period during which the Company has delayed a filing, an effective date or an offering pursuant to this Section 4 is herein called a “Suspension Period.” If pursuant to this Section 4 the Company delays or withdraws a Demand Registration requested by the Holders, the Initiating Holders making the request shall be entitled to withdraw such request and, if they do so, such request shall not count against the limitation on the number of such registrations set forth in Section 2. The Company shall provide prompt written notice to participating Holders of the commencement and termination of any Suspension Period (and any withdrawal of a registration statement pursuant to this Section 4), but shall not be obligated under this Agreement to disclose the reasons therefor. Holders shall keep the existence of each Suspension Period confidential and refrain from making offers and sales of Registrable Securities (and direct any other Persons making such offers and sales to refrain from doing so) during each Suspension Period under the applicable Registration Statement. The Company may not commence a Suspension Period more than two (2) times during any twelve (12) month-period. Each Suspension Period shall be in effect for no more than ninety (90) days and, in the aggregate, Suspension Periods may not be in effect for more than one hundred and twenty (120) days in any twelve (12)-month period.

  • SUSPENSION & DEBARMENT Contractor represents and warrants as previously certified in Contractor’s Bidder’s Certification, that neither Contractor nor its principals or affiliates presently are nor have ever been debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in any governmental contract by any governmental department or agency within the United States.

  • Suspension Termination If Borrower voluntarily suspends its business or, the partnership is dissolved or terminated, other than a technical termination of the partnership for tax purposes.

  • No Suspension, Etc Trading in the Company’s Common Stock shall not have been suspended by the Commission or the OTC Bulletin Board (except for any suspension of trading of limited duration agreed to by the Company, which suspension shall be terminated prior to the Closing), and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg Financial Markets (“Bloomberg”) shall not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by Bloomberg, or on the New York Stock Exchange, nor shall a banking moratorium have been declared either by the United States or New York State authorities, nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity or crisis of such magnitude in its effect on, or any material adverse change in any financial market which, in each case, in the judgment of such Purchaser, makes it impracticable or inadvisable to purchase the Securities to be issued as of the Closing.