Drop Dead Dates Clause Samples

A Drop Dead Dates clause establishes a firm, non-negotiable deadline by which a specific action or obligation must be completed under a contract. If the required action is not performed by this date, the contract may automatically terminate or certain rights and remedies may be triggered for the non-breaching party. This clause is commonly used in transactions where timing is critical, such as in real estate closings or delivery of goods, to ensure that delays do not undermine the purpose of the agreement. Its core function is to provide certainty and finality, preventing indefinite extensions and protecting parties from the consequences of missed deadlines.
Drop Dead Dates. 10.8.1 In respect of each element of the Phase 1 Works specified in Appendix F to Schedule 5, other than pursuant to any application of Insurance Proceeds in accordance with Part 4 of Schedule 7, no Variation may be requested by the Trust during the Phase 1 Design and Construct Phase after the date specified for that particular element in such Appendix. 10.8.2 In respect of each element of the Phase 2 Works in respect of the Beneficial Occupation Areas specified in Appendix G to Schedule 5, other than pursuant to any application of Insurance Proceeds in accordance with Part 4 of Schedule 7, no Variation may be requested by the Trust during the Phase 2 Design and Construct Phase after the date specified for that particular element in such Appendix. 10.8.3 In respect of each element of the Phase 2 Works specified in Appendix H to Schedule 5, other than pursuant to any application of Insurance Proceeds in accordance with Part 4 of Schedule 7, no Variation may be requested by the Trust during the Phase 2 Design and Construct Phase after the date specified for that particular element in such Appendix. 10.8.4 Other than pursuant to paragraph 3.3 of Part 4 of Schedule 7, Project Co shall not be required to effect any Variation requested by the Trust in respect of any element of the Works the subject of reinstatement with Insurance Proceeds during the Design and Construct Phase, unless the same has been approved in accordance with the Senior Funding Agreements.
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Related to Drop Dead Dates

  • Special Record Dates The Company may, but is not required to, fix a record date for the purpose of determining the Holders entitled to consent or take any other action in connection with any amendment, supplement or waiver pursuant to this Article 8. If a record date is fixed, then, notwithstanding anything to the contrary in Section 8.04(A), only Persons who are Holders as of such record date (or their duly designated proxies) will be entitled to give such consent, to revoke any consent previously given or to take any such action, regardless of whether such Persons continue to be Holders after such record date; provided, however, that no such consent will be valid or effective for more than one hundred and twenty (120) calendar days after such record date.

  • Effective Dates This Letter of Understanding shall take effect for all grievances filed on or after February 1, 2022. This ▇▇▇ shall expire upon successful ratification of a Memorandum of Agreement with respect to central terms. Should a Memorandum of Agreement with respect to central terms not be successfully ratified, the parties will meet within thirty (30) calendar days of the unsuccessful ratification vote to either extend or terminate this ▇▇▇. If this ▇▇▇ is terminated, the parties agree to move grievances filed under the interim procedure back to the appropriate central or local grievance procedure and to their respective steps in those procedures.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Payment Dates Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

  • Record Dates Whenever a cash dividend, cash distribution or any other distribution is made on Deposited Securities or rights to purchase Shares or other securities are issued with respect to Deposited Securities (which rights will be delivered to or exercised or sold on behalf of Owners in accordance with Section 4.4 of the Deposit Agreement) or the Depositary receives notice that a distribution or issuance of that kind will be made, or whenever the Depositary receives notice that a meeting of holders of Shares will be held in respect of which the Company has requested the Depositary to send a notice under Section 4.7 of the Deposit Agreement, or whenever the Depositary will assess a fee or charge against the Owners, or whenever the Depositary causes a change in the number of Shares that are represented by each American Depositary Share, or whenever the Depositary otherwise finds it necessary or convenient, the Depositary shall fix a record date, which shall be the same as, or as near as practicable to, any corresponding record date set by the Company with respect to Shares, (a) for the determination of the Owners (i) who shall be entitled to receive the benefit of that dividend or other distribution or those rights, (ii) who shall be entitled to give instructions for the exercise of voting rights at that meeting, (iii) who shall be responsible for that fee or charge or (iv) for any other purpose for which the record date was set, or (b) on or after which each American Depositary Share will represent the changed number of Shares. Subject to the provisions of Sections 4.1 through 4.5 of the Deposit Agreement and to the other terms and conditions of the Deposit Agreement, the Owners on a record date fixed by the Depositary shall be entitled to receive the amount distributable by the Depositary with respect to that dividend or other distribution or those rights or the net proceeds of sale thereof in proportion to the number of American Depositary Shares held by them respectively, to give voting instructions or to act in respect of the other matter for which that record date was fixed, or be responsible for that fee or charge, as the case may be.