Cutoff. Failure or delay on the part of the Administrative Agent or any Lender, Lending Installation, or LC Issuer to demand compensation pursuant to Section 3.1 or 3.2 shall not constitute a waiver of such Person’s right to demand such compensation; provided that Borrower shall not be required to compensate any such Person for any increased costs or reductions incurred more than nine months prior to the date that such Person notifies Borrower of the event giving rise to such increased costs or reductions and of such Person’s intention to claim compensation therefor; provided further that, if the event giving rise to such increased costs or reductions is retroactive, then the nine month period referred to above shall be extended to include the period of retroactive effect thereof.
Cutoff. Buyer is purchasing Seller’s accounts receivable, which have accrued through (and including) the date of Closing, and for all accounts receivable generated after the Closing. Buyer is not assuming any of Seller’s accounts payable except as specifically set forth in Schedule 2.4(a). Seller shall be responsible for all expenses incurred or accrued with respect to the Assets through and including the Closing Date. Buyer shall be responsible for all expenses incurred or accrued and shall be entitled to all revenues earned with respect to the Assets commencing on the day after the closing date. To the extent either party is required to pay any expense that is the responsibility of the other, the responsible party shall promptly reimburse the paying party, on the receipt of reasonable notice. To the extent either party receives revenues that were earned or are due to the other party, then the receiving party shall promptly pay such revenues to the other party.
Cutoff. All room allocation unit types have a 7 day cutoff in WINTER (January 03, 2019 – April 21, 2019) and 3 day cutoff in SUMMER/FALL (April 22, 2019 – December 20, 2019). After cutoff, all unit types are on a call and request basis.
Cutoff the analytical value (i.e., drug or drug metabolite concentration) used as the decision point to determine a result (i.e., negative, positive, adulterated, substituted) or the need for further testing.
Cutoff. (1) The deadline for receipt of Entries (the “Cutoff Time”) is 3:00 PM EST one (1) Business Days prior to the Effective Date. Entries received after the Cutoff Time shall be deemed to have been received on the next Business Day.
