Cut-off Clause Samples
A Cut-off clause establishes a specific date or event after which certain rights, obligations, or claims under a contract can no longer be exercised or enforced. In practice, this means that parties must assert any claims, submit required documents, or fulfill obligations before the cut-off point; for example, an insurance policy may require all claims to be filed within 90 days of an incident. The core function of a Cut-off clause is to provide finality and certainty by preventing indefinite liability or open-ended obligations, thereby reducing the risk of disputes arising from late claims or actions.
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Cut-off. Should You be in arrears with due payments, the Provider is entitled to cut You off from further delivery including support. The cut-off shall be lifted upon payment of arrears. The Provider will not compensate You for deliveries or benefits that have been withheld during the cut-off period.
Cut-off. Each Closing Statement (including each Draft Closing Statement) shall not take into account any additional events or any additional information that becomes available after the date that such Closing Statement is agreed or, if earlier, such time as the Purchaser serves a Purchaser’s Disagreement Notice.
Cut-off. Transfers between an Eligible Account and an External Account or Third Party Account that we receive by the cut-off time on any Business Day will begin processing on the same day. Cut-off times for the various Services can be found in the section of this Agreement titled, Provisions Application to All Digital Services, Cut-off Times.
Cut-off. The Final Completion Statement shall reflect favourable and unfavourable events occurring up to the date on which the draft of the Final Completion Statement is delivered to the Institutional Seller in accordance with clause 8.1 (Final Completion Statement) to the extent that such events provide evidence of conditions that existed as at the Effective Time.
Cut-off. Matching principle is applied in cut-off at month-end i.e. all liabilities incurred at balance-sheet date will be accrued.
Cut-off. The deposit deadline will be 6:00pm CT each Business Day. Deposits received after this deadline or on a day that is not a Business Day will be deemed deposited on the following Business Day.
Cut-off. A Cut-Off Event shall occur.
Cut-off. All the rooms provided for in your room block will be reserved on a definite basis for you upon signing of this contract. In order to assign specific room types to your attendees we ask that all room requests be received by (INSERT DATE THAT IS 21 DAYS PRIOR TO YOUR 1ST MAJOR ARRIVAL DATE). After that date, the XYZXYZ Hotel will continue to hold any rooms in your block not assigned to a specific attendee for your group if you pay for them in full at that time. Advance payments will be refunded by the XYZXYZ Hotel after your convention dates if rooms you paid for in advance were later paid for by your attendees. The above rates are subject to applicable tax which is currently XX% per room, per night. Rooms are net non-commissionable unless otherwise indicated. Hotel will hold these dates until (INSERT REASONABLE OPTION DATE TO HAVE COUNTERSIGNED CONTRACT – RECOMMEND 2 WEEKS AFTER CONTRACT DATE) at which time we will need a signed copy of this agreement. If confirmation has not been received by this date, the Hotel shall contact you in writing prior to releasing those dates for sale. In the event Hotel has a request for your dates prior to your option date, Hotel will contact you in writing and will give you four (4) working business days to confirm the meeting.
Cut-off status5 Adjustment device Characteristics & additional provisions(if any)8
Cut-off. The Completion Statement shall take into account information in respect of “Adjusting Events” as defined in IAS 10 “Events after the Balance Sheet date” only to the extent that such “Adjusting Event” occurs and/or the relevant information arises up to and including the date of delivery of the Disagreement Notice to the Buyer.