DEFICIT PERIOD definition

DEFICIT PERIOD means the following:
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DEFICIT PERIOD or ‘DEFAULT’ shall mean the following:
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DEFICIT PERIOD means that period of time commencing on the date of recordation of this Declaration and ending on the date on which the Class B membership lapses and becomes a nullity in accordance with the provisions of this Declaration.
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Examples of DEFICIT PERIOD in a sentence

  • In case the operation falls below the said minimum guaranteed operational days, no Daily Hire Charge shall be paid for the DEFICIT PERIOD and in addition to the same, penalty as per clause No. 20.0 will be applicable.

  • In case the availability of the vessel falls below the said minimum guaranteed level no daily hire charge shall be paid for the DEFICIT PERIOD and inaddition to the same, penalty as per clause No. 15 will be applicable.

  • Trading Standards are moving to an intelligence based model of delivering public services (Intelligence operating model) in line with national guidelines laid down by the National Trading Standards Board and under the Welsh Head of Trading Standards control strategy.

  • In case the availability of the vessel falls below the said minimum guaranteed level no daily hire charge shall be paid for the DEFICIT PERIOD and in addition to the same, penalty as per clause No. 17 will be applicable.

  • In case the availability of the vessel falls below the said minimum guaranteed level no Daily hire charge shall be paid for the DEFICIT PERIOD and in addition to the same, penalty as clause No.17 will be applicable.

Related to DEFICIT PERIOD

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and