First Period Clause Samples

The "First Period" clause defines the initial timeframe during which the terms of an agreement or contract are in effect. Typically, this period starts on a specified commencement date and lasts for a set duration, such as one year or until a particular milestone is reached. This clause clarifies when the parties' obligations begin and establishes a clear reference point for renewals, reviews, or subsequent periods. Its core function is to ensure both parties understand the starting point and duration of their initial commitments, reducing ambiguity and potential disputes about the contract's effective timeline.
First Period. The time period from the purchase date of the Plan to six (6) months after the purchase date of the Plan. During the First Period, the Buyback Amount will be 50% of Device Retail Price, subject to the condition of the Device.
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First Period. During the twelve (12) months of protection for Non- Sworn employees and the first twelve (12) months of protection of Sworn employees after an injury, seniority shall continue to accrue and the City will hold the employee's position open for the employee's return (though the position may be filled on a temporary basis during the interim). If the employee is released to work during this period without restrictions or with restrictions which can be reasonably accommodated in that position, the employee will be returned to his or her former position at that time;
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First Period. Every effort shall be made to schedule said teacher volunteer with a duty-free first period permitting said teacher to report to school sixty (60) minutes later than the normal reporting time established for all other teachers.
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First Period. In relation to any Relevant Period before January 2008, for the purpose of calculating: (a) Cash Interest Cost and Consolidated Net Finance Charges, the relevant figure for the period from 1 January 2007 to the relevant calculation date shall be annualised by dividing the relevant figure by the number of months in the period from 1 January 2007 to the relevant calculation date and multiplying the result by 12. (b) Consolidated Adjusted EBITDA, the pro forma Consolidated Adjusted EBITDA of the component parts of the Group shall be calculated for the Relevant Period.
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First Period. (i) During the First Period, the interest rate on the Loan shall be 3% per annum, if the Lender has determined that as of December 31, 2002, the Borrower employed at least 1600 Employees. (ii) During the First Period, the interest on the Loan shall be 4% per annum, if the Lender has determined that as of December 31, 2002, the Borrower employed at least 1550 but not more than 1599 Employees. (iii) During the First Period, the interest rate on the Loan shall be 5% per annum, if the Lender has determined that as of December 31, 2002, the Borrower employed at least 1500 but not more than 1549 Employees. (iv) During the First Period, the interest rate on the Loan shall be 6% per annum, if the Lender has determined that as of December 31, 2002, the Borrower employed at least 1450 but not more than 1499 Employees. (v) During the First Period, the interest rate on the Loan shall be 8% per annum, if the Lender has determined that as for December 31, 2002, the Borrower employed at least 1400 but not more than1449 Employees.
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First Period. A pre-feasibility study involving technical, economical, market, regulatory and environmental aspects related to the development of the Plot (including EIA).
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First Period. Section 2.9(a) FMLA...................................................................... Section 3.22(a) FUTA.................................................................... Section 3.9(b)(2) Governmental Entity........................................................... Section 3.5
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First Period. The first of these periods will commence on the Advance Date and will end on the date the selected number of months after that date.
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Related to First Period

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate or to the extent such Loan bears interest based upon the Base Rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

  • Project Period The Project Period ("Project Period") is the time during which the Applicant will be conducting the Project. Unless this Investment Agreement is terminated earlier under Article 7 Termination, the Project Period commences on the Project Start Date and ends on the Project Completion Date.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.