Downturn definition

Downturn. A scheduled, twenty-four (24) hour or less period of time when the owner’s production equipment is shut down for periodic maintenance and repair.
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Downturn means an event such as a corporate divestiture, merger, acquisition, or significant restructuring orreorganization of your business that causes a reduction of your Knowledge Workers by 20% or more.
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Examples of Downturn in a sentence

  • To invoke this provision, the customer must provide in writing to AT&T the facts which support its request for Business Downturn, and AT&T will solely determine whether the customer’s supporting materials describe a situation which constitutes a Business Downturn under this Order.

  • Upon AT&T’s determination that a Business Downturn has occurred, the customer and AT&T shall then negotiate in good faith an appropriate and commercially reasonable change to the customer’s commitments hereunder.

  • Business Downturn MARC Downgrade: For purposes of this Order, the term “Business Downturn” is defined as an unplanned, measurable change in business conditions affecting the customer’s business that was outside of the customer’s control and that materially and negatively affected the customer’s need for the level of AT&T Contributory Services.

  • Work Among Medicaid Adults: Implications of Economic Downturn and Work Requirements.

  • Upon the Company’s determination that a Business Downturn has occurred, the customer and the Company shall then negotiate in good faith an appropriate and commercially reasonable change to the customer’s commitments hereunder.

  • For purposes of this product offer, the term Business Downturn is hereby defined to mean an unplanned, measurable change in business conditions affecting the customer’s business that is outside of the customer’s control and that materially and negatively affects the customer’s need for the level of Company services originally committed to hereunder.

  • The customer specifically acknowledges that the transfer or substitution of these services to another provider during the term hereof does not qualify as Business Downturn.

  • To invoke this provision, the customer must provide in writing to the Company the facts which support its request for Business Downturn consideration, and the Company will solely determine whether the customer’s business conditions satisfy the definition of Business Downturn.

  • The Quiet Crisis: The Impact of the Economic Downturn on the Nonprofit Sector.

  • Business Downturn MARC DowngradeFor purposes of this product offer, the term “Business Downturn” is hereby defined to mean an unplanned, measurable change in business conditions affecting the customer’s business that is outside of the customer’s control and that materially and negatively affects the customer’s need for the level of Company services which contribute to the MARC hereunder.

Related to Downturn

  • Expected week of childbirth means the week, starting on a Sunday, during which the mother's doctor or midwife expects her to give birth.

  • Impact means any effect caused by a proposed activity on the environment including human health and safety, flora, fauna, soil, air, water, climate, landscape and historical monuments or other physical structures or the interaction among these factors; it also includes effects on cultural heritage or socio-economic conditions resulting from alterations to those factors;

  • Crisis means a situation in which a student engages in a behavior that threatens the health and safety of the student or others and includes without limitation a situation in which the student becomes aggressive or violent at school and is unable to regain self-control without posing a danger of injury to himself or herself or others.

  • Congenital Anomaly means a condition which is present since birth, and which is abnormal with reference to form, structure or position.

  • Adverse Change A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired.

  • Moderate means violations that result in negative outcome and actual or potential harm for a resident.

  • Haryana DISCOMs means the UTTAR HARYANA BIJLI VITRAN NIGAM LIMITED

  • Chronic delinquency" shall mean failure by Tenant to pay Basic Rent, or any other payments required to be paid by Tenant under this Lease within three (3) days after written notice thereof for any three (3) occasions (consecutive or non-consecutive) during any twelve (12) month period. In the event of a chronic delinquency, Landlord shall have the right, at Landlord's option, to require that Basic Rent be paid by Tenant quarterly, in advance.

  • Upset means an exceptional incident in which there is unintentional and temporary noncompliance with technology based permit effluent limitations because of factors beyond the reasonable control of the permittee. An upset does not include noncompliance to the extent caused by operational error, improperly designed treatment facilities, inadequate treatment facilities, lack of preventive maintenance, or careless or improper operation.

  • Results means any information, documentation, designs, technical drawings, software (system and application software), algorithms, elaborated design data, technical or industrial data, tools, knowledge, know-how, trade secrets, equipment and services process, methodology, and any intellectual property therein, regardless of their support and whether or notprotected byan intellectual property right, developed, created or acquired by one Party during the execution of the Contract. The Results shall become the exclusive property of Purchaser as and when they are created or developed.

  • Business Critical means any function identified in any Statement of Work as Business Critical.

  • Commercial cannabis activity means the production, cultivation,

  • blindness means a condition where a person has any of the following conditions, after best correction—

  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

  • Paralysis means complete and irreversible loss or use of an arm or leg (without severance).

  • Erosion means the detachment and movement of soil or rock fragments by water, wind, ice, or gravity.

  • Adverse impact on visibility means visibility impairment which interferes with the management, protection, preservation or enjoyment of the visi- tor’s visual experience of the Federal Class I area. This determination must be made on a case-by-case basis taking into account the geographic extent, in- tensity, duration, frequency and time of visibility impairment, and how these factors correlate with (1) times of vis- itor use of the Federal Class I area, and(2) the frequency and timing of natural conditions that reduce visibility.

  • Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

  • aerodrome means a defined area on land or water (including any buildings, installations and equipment) intended to be used either wholly or in part for the arrival, departure and surface movement of aircraft;

  • Congenital Condition(s) means (a) any medical, physical or mental abnormalities existed at the time of or before birth, whether or not being manifested, diagnosed or known at birth; or (b) any neo-natal abnormalities developed within six (6) months of birth.

  • Segment means a portion of the Term Loan (or all thereof) with respect to which a particular interest rate is (or is proposed to be) applicable.

  • Outcomes means the Health and Wellbeing Outcomes prescribed by the Scottish Ministers in Regulations under section 5(1) of the Act;

  • Tincture means a mixture created from a concentrated extract of marijuana.

  • Waterborne disease outbreak means the significant occurrence of an acute infectious illness, epidemiologically associated with the ingestion of water from a public water system which is deficient in treatment, as determined by the Division.

  • Program change means any elimination, curtailment or reorganization of a curriculum offering, program or school operation or a reorganization or closing of a school or consolidation of two or more individual schools or school districts that is unrelated to financial exigency.

  • Company Material Adverse Change means a change (or circumstance involving a prospective change) in the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company which is materially adverse.