Time lag Clause Samples

Time lag. The Company will effect your orders as soon as practicable; however, the execution of such orders may not coincide with the dealing days stipulated in the relevant offering document of a Fund. Furthermore, before your order is placed by the Company with the relevant Fund manager for execution, the Company may aggregate and consolidate (either daily or from time to time) your order together with orders placed by the Company’s other clients. There may be a discrepancy in the price or value of a Unit between when you place your order with the Company and when the order is executed by the relevant Fund manager.
View SourceView Similar (5)
Time lag. The first can be called the “time lag” problem, which stems from the fact that, with traditional direct regulation, standards are fixed by the regulator at given points in time. Though more or less frequent revisions to the standards may be built into the system, even the most ambitious revision program will likely fail to keep up with technical innovations in the industry, or indeed to changes in environmental or economic conditions. Indeed, one of the benefits of traditional direct regulation - certainty for industry - would be compromised if the standards set were to change too frequently. As a result, direct regulation may disincentivise innovation: industry has little incentive to develop more cost-effective, efficient methods of reducing pollution if this would mean going beyond their legal obligations under the applicable standard set down by law.30 A related disadvantage of direct regulation focuses on traditional permit systems. As mentioned above, such permit systems form one of the primary means of implementing standards imposed on significant polluters by direct regulation, in industries such as chemicals, power generation and waste managements. Where permits are given out for free - as is normally the case - installations have no incentive to reduce pollution to below the permitted level. Nor, as traditional permits are non-transferable, are installations incentivised to lower their pollution in order to be able to sell (part of) their permitted amount for profit. This leads us to one of the points of contrast between traditional direct regulation permits and the Community’s Emissions Trading Scheme, discussed in detail in Chapter 4.
View SourceView Similar (2)

Related to Time lag

  • Time Clocks The Company shall provide a time clock, or some other form of time recording, to enable employees to record their own time for payroll purposes. Employees shall record their own time and the time they start and finish work and the time they commence and return from meal periods, and such other recording as may be required by the Company. Employees shall be entitled to review their time cards if requested.

  • Time Limits Each party involved in a grievance shall act quickly so that the grievance may be resolved promptly. Every effort should be made to complete action within the time limits contained in the grievance procedure. However, with the mutual consent of the parties, the time limitation for any step may be extended.

  • Time Deadlines Tenant shall use its best, good faith, efforts and all due diligence to cooperate with the Architect, the Engineers, and Landlord to complete all phases of the Construction Drawings and the permitting process and to receive the permits, and with Contractor for approval of the "Cost Proposal," as that term is defined in Section 4.2 of this Tenant Work Letter, as soon as possible after the execution of the Lease, and, in that regard, shall meet with Landlord on a scheduled basis to be determined by Landlord, to discuss Tenant's progress in connection with the same. The applicable dates for approval of items, plans and drawings as described in this Section 3, Section 4, below, and in this Tenant Work Letter are set forth and further elaborated upon in Schedule 1 (the "Time Deadlines"), attached hereto. Tenant agrees to comply with the Time Deadlines.

  • Time Limit Should the Local Church fail to satisfy all of its obligations set forth herein by December 31, 2023, this Disaffiliation Agreement shall be null and void.

  • Time Limitation The time limits established in the grievance procedures shall be followed by the parties and the aggrieved employee. If the time limit procedure is not followed by the Union or the aggrieved employee, the grievance shall be considered settled without precedent. If the time procedure is not followed by the Employer, the grievance shall automatically advance to the next step, but arbitration shall only be instituted upon timely written notice by the Union. The time limits established in the grievance and arbitration procedure may be extended by mutual agreement reduced to writing and signed by the parties.