Determination of Duration Clause Samples
The Determination of Duration clause defines how long an agreement or contract will remain in effect. It typically specifies the start and end dates, or outlines the conditions under which the contract will continue or terminate, such as upon completion of certain tasks or after a set period. This clause ensures both parties are clear on the timeframe of their obligations, preventing misunderstandings about when responsibilities begin and end.
Determination of Duration. The following shall apply in determining the duration of an Interest Period in respect of each Advance:
7.2.1 the first Interest Period for an Advance shall commence on the first Drawdown Date;
7.2.2 the first Interest Period for each Advance subsequent to such first Advance made under this Agreement shall, insofar as the Lender considers it appropriate, expire on the date of expiry of the concurrent Interest Period applicable to the first such Advance (otherwise upon the expiry of the next Interest Period applicable to the first such Advance) and thereafter all subsequent Interest Periods in respect of each Advance shall end on the same days and be of the same concurrent duration as the Interest Periods for the Advances previously made, and the Borrower shall make its selection of each such Interest Period accordingly, subject as provided in Clause 7.2.4;
7.2.3 each Interest Period subsequent to the first Interest Period for each Advance shall commence on the last day of the immediately preceding Interest Period for that Advance;
7.2.4 the Borrower shall make each selection under this Clause 7.2 (and in the case of the duration of the Interest Period being determined in accordance with Clause 7.2.5 below shall be deemed to have selected the period so determined) in such manner as to ensure that, in the event that any Repayment Date falls within the Interest Period so selected, a separate Interest Period is selected in respect of the part of an Advance due to be repaid under Clause 4 on such Repayment Date, the expiry of which period coincides with the relevant Repayment Date (and for this purpose alone the Borrower shall be entitled to select Interest Periods of different lengths in relation to an Advance);
7.2.5 in the absence of any such selection by the Borrower of the duration of an Interest Period, or if the Lender shall certify to the Borrower that the funds requested are not available for an Interest Period of the duration selected by the Borrower, the duration of that Interest Period shall (subject as provided in this Clause 7.2) be three (3) months or such other period as the Lender may specify;
7.2.6 if the last day of any Interest Period would otherwise fall on a day which is not a Banking Day, that Interest Period shall be extended (subject to Clause 7.2.7 below) so as to end on the next succeeding Banking Day, unless by virtue of such extension the Interest Period would end in the next calendar month, in which case it shall be shortened so as...
Determination of Duration. The maximum duration of an extended unpaid medical leave of absence approved under this section shall depend upon whether or not the employee expects to be able to return to work at the conclusion of his/her extended unpaid medical leave of absence, as stated below; which determination shall be made no later than three months after the award date of long-term disability benefits or the exhaustion/termination of short-term disability benefits, whichever is later.
Determination of Duration. (1) For Direct Dialed, Calling Card, Operator Services and 800 Calls, chargeable time begins when the connection is established between the calling station and the desired telephone, attendant board, or private branch exchange console. For Person-to-Person calls, chargeable time begins when the designated party comes on the line, or when the caller agrees to speak with a substitute party.
(2) Chargeable time ends when the connection is terminated.
(3) Chargeable time does not include the time lost because of faults or defects in the Service.
Determination of Duration. (1) For all Services offered under the Rates, Terms and Conditions, chargeable time begins when the connection is established between the calling station and the desired telephone, attendant board, or private branch exchange console.
(2) Chargeable time ends when the connection is terminated.
(3) Chargeable time does not include the time lost because of faults or defects in the Service.