Automatic Cancellation definition

Automatic Cancellation. OF THE TRANCHE B TOTAL COMMITMENTS The undrawn Tranche B Commitment of each Lender shall be automatically cancelled on the last day of the Tranche B Commitment Period.
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Automatic Cancellation shall have the meaning ascribed to it in Section 1.02 of this Agreement.
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Automatic Cancellation. If client has not paid balance in full by 5:00 p.m. 7 days before event date, said event is automatically classified as “cancelled”. Any payments made previously toward your order for this event are non-refundable. Client waives the right to seek damages from Xxxxxxx Xxxxxx and/or Stir Crazy Cakes, LLC for breach of contract for refund of any and all payments made toward this order or for non-performance due to Automatic Cancellation. Any payments made are non-transferrable to any other person, order, or date. Cancellations: 90 Days or More – Client must verbally inform Xxxxxxx Xxxxxx of cancellation and then submit written notification within 2 business days of verbal contact. Per terms of this contract, client will receive all money paid toward the event (less the retainer fee amount) within 7 days of receipt of written notice. The retainer is non-refundable. 89 Days or Less Before Event - If client chooses to cancel this contract 89 days or less, any payments made to your account for your event are non-refundable and non-transferable to another person, another order, event, or date. If client chooses to remain under contract but needs to change the date of this event, see "Changes in EVENT DATE" below.
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Examples of Automatic Cancellation in a sentence

  • For fee-for-service claims that were previously paid and posted to history for the same period (due to late posting of MA enrollment data), an L- 1002 Automatic Cancellation Adjustment Report will be sent to the A/B MAC (A) when a DGME-only or a N&AH-only claim from a non-IPPS hospital or unit is accepted for payment by CWF.

  • Issuance, Refusal, Suspension, Revocation, Compromise Settlement Agreements, and Automatic Cancellation of a BPA Permit.

  • However, before this delivery the provisions of Automatic Cancellation (discussed later on) shall be applied.Automatic CancellationAs per FEDAI Rule 8 a forward contract which remains overdue without any instructions from the customers on or before due date shall stand automatically cancelled on 15th day from the date of maturity.

  • Automatic Cancellation On the relevant termination date of a facility under the VM Credit Facility, any available commitments in respect of such facility shall automatically be cancelled and the commitment of each lender in relation to such facility shall automatically be reduced to zero.

  • Reorganization: Assuming Executory Contracts with Automatic Cancellation Clause It equals 100 if the court will most probably allow the trustee in reorganization to assume an executory contract – sale of goods – against the will of the other party to the bargain.

  • Automatic cancellation and reauction would often prove less efficient, and cause more delay, than reorganization under chapter 11.E. Protections Less Draconian Than Automatic Cancellation Are Sufficient To Ensure The Integrity Of Auctions.Even if the FCC needed to guard against bidders who might somehow game the auction process by using the temporary “breathing spell” provided by chapter 11, automatic cancellation for untimely payments in bankruptcy is akin to killing a gnat with a shotgun.

  • If such Participant returns to Recognized Employment, the Participant may provide a new Retirement Savings Election effective as of the date of the Participant’s return to Recognized Employment or as of the first payday on or after any subsequent Enrollment Date.2.5.4. Automatic Cancellation for 402(g) Limit.

  • The participant lacks understanding or knowledge to utilize the telephone device provided by the California LifeLine service provider.

  • The above Cancellation Fees also apply for all Automatic Cancellation if canceled before 3 month term.

  • By the early 1990s, an important feature of the growth was the ability of the private, non-farm sector—small scale manufacturing in food processing, non-alcoholic beverages, garments, etc.; in trade and commerce—to absorb new entrants from the dominant agriculture and from contracting state-owned enterprises (SOEs)—thus, contributing 72 percent of total employment in those years (World Bank, 1993: 66-67).


More Definitions of Automatic Cancellation

Automatic Cancellation of the Tranche B Total Commitments The Tranche B Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Date.
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Related to Automatic Cancellation

  • Index Cancellation means in respect of an Index, the Index Sponsor in respect of that Index permanently cancels such Index and no Successor Index is designated.

  • Cancellation Date means the date on which the written notice of cancellation of a health insurance policy is received by the fund or the last date to which premiums were paid.

  • Cancellation Period means the 90-day period, beginning

  • Automatic Renewal Terms with TIPS Members Vendor agrees that no TIPS Sale may incorporate an "Automatic Renewal" clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing a Supplemental Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an "Automatic Renewal" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Indemnity" Terms with TIPS Members Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]" unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees Certification Regarding "Arbitration" Terms with TIPS Members Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause may not require that the arbitration is mandatory or binding. Vendor agrees that if any "Arbitration" provision is included in any TIPS Sale agreement/contract between Vendor and a TIPS Member, that clause provides for only voluntary and non-binding arbitration unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Arbitration” clause that conflicts with these terms is rendered void and unenforceable. If Vendor disagrees, after this solicitation legally closes and TIPS begins evaluating Vendor's file, TIPS will provide Vendor with a draft Word Document version of the Vendor Agreement and will be instructed to include all requested negotiations as redline edits for TIPS consideration. Does Vendor agree? Yes, Vendor agrees

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Automatic firearm means any firearm designed or specially adapted to fire a succession of cartridges with a single function of the trigger.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Cancellation Notice has the meaning given in Clause 8.6;

  • Cancellation Charge has the meaning given to that term in paragraph 5.1 of Part 2; "Core Operational Period" in relation to any part of the Network, means the period of the day when that part is generally open to train movements;

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Cancellation means an end to the Contract affected pursuant to a right which the Contract creates due to a Breach.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Automatic identification device" means a device, such as a reader or interrogator, used to retrieve data encoded on machine-readable media. "Concatenated unique item identifier" means

  • Automatic Early Redemption Event means that:

  • Cancellation Fee is an Individual Charge to an Attendee for a reservation cancellation or “no show” or for early and unauthorized check-out. The Contractor may not charge any Cancellation Fee to an Attendee scheduled to participate in that part of a Program terminated pursuant to the termination for cause provision set forth in Exhibit A.

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Redemption Limit means the sum of the Maximum Daily Redemption Limits applicable to the LS Margin Account Agreement relating to the ETP Securities.

  • Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Automatic Exercise Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration Date.

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Legend Removal Date shall have the meaning ascribed to such term in Section 4.1(c).

  • Reduction Event means, in relation to Notes that are Subordinated Notes, that a resolution has been passed at a general meeting of the Issuer’s shareholders in accordance with Danish law to reduce, inter alia and in the order described in Condition 10.3 (Effect), the Outstanding Principal Amounts and any accrued but unpaid interest and following the occurrence of all of the following circumstances: