Transition Period Settle Up Clause Samples

Transition Period Settle Up. On the forty-fifth (45th) day following the Final Closing Date, Purchaser shall present to Seller the Transition P&L Statement. Seller shall have ten (10) days following delivery of such statement by Purchaser to review and approve or object to the Transition P&L Statement. Based on Transition P&L Statement (and assuming Seller's approval thereof), (a) if all of the Monthly Anticipated Purchase Price Adjustment Payments paid into Escrow by Seller were, in the aggregate, more than required to be paid as stated in the Transition P&L Statement, then the Parties shall cause such excess to be disbursed to Seller from the Escrow, (b) if all of the Monthly Anticipated Purchase Price Adjustment Payments paid into Escrow by Seller were, in the aggregate, less than required to be paid as stated in the Transition P&L Statement, then Seller shall cause such shortfall to be deposited into the Escrow, (c) if all of the Monthly Anticipated Purchase Price Adjustment Payments paid into Escrow by Purchaser were, in the aggregate, more than required to be paid as stated in the Transition P&L Statement, then the Parties shall cause such excess to be disbursed to Purchaser from the Escrow, and (d) if all of the Monthly Anticipated Purchase Price Adjustment Payments paid into Escrow by Purchaser were, in the aggregate, less than required to be paid as stated in the Transition P&L Statement, then Purchaser shall cause such shortfall to be deposited into the Escrow.
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Related to Transition Period Settle Up

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Transitional Period At the end of the transitional period as defined in Article 10(2) of the Directive, Jersey shall cease to apply the retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period Jersey elects to apply the automatic exchange o information provisions in the same manner as is provided for in Chapter II of the Directive, it shall no longe apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • Billing Period The calendar month shall be the standard period for all charges and payments under this Agreement. On or before the fifteenth (15th) day following the end of each month, Seller shall render to Buyer an invoice for the payment obligations incurred hereunder during the preceding month, based on the Energy Delivered in the preceding month, and any RECs deposited in Buyer’s GIS account or a GIS account designated by Buyer to Seller in writing in the preceding month. Such invoice shall contain supporting detail for all charges reflected on the invoice, and Seller shall provide Buyer with additional supporting documentation and information as Buyer may request.

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.