Interim Management Period definition

Interim Management Period means the period from the Bank Establishment Date until Performance Standards have been met and the third anniversary of the full funding of the Endowment Amount has occurred.

Interim Management Period means the period from the Bank Establishment Date until the first anniversary of the full funding of the Endowment Fund has occurred and all the Performance Standards in the Development Plan have been met.

Interim Management Period means the period beginning on the date of approval of the Project Development Plan for an ILF Project and ending when the applicable IRT Members have determined that the Performance Standards in the Project Development Plan for that ILF Project have been met.

Examples of Interim Management Period in a sentence

• Bank Sponsor shall be responsible for all activities and costs associated with the establishment and operation of the Bank, including but not limited to construction, planting, Remedial Action, documentation, maintenance, management, monitoring, and reporting, until completion of the Interim Management Period.

• The amount of the Interim Management Security shall be equal to the estimated cost to implement the Interim Management during three years of the Interim Management Period, as set forth in the Interim Management Security Analysis and Schedule (Exhibit C-4).

• The Interim Management Security shall be cancelled or the monies provided as Interim Management Security returned to the Bank Sponsor by [Choose one, as applicable: CDFW or USACE] upon conclusion of the Interim Management Period or [Choose one as, applicable: CDFW or USACE] terminates its participation in this BEI pursuant to Section XII.D.2.e.

• Some responsibilities and costs, including but not limited to Remedial Action and actions specified in subparagraphs 4 and 8, below, will extend past the Interim Management Period until Bank closure.

• The [Choose one, as applicable: CDFW or USACE], as the holder of the security, in coordination with the IRT, shall be entitled to draw upon the Interim Management Security for default, including but not limited to, failure to perform all tasks as required under the Interim Management Plan or Remedial Action plan during the Interim Management Period.

More Definitions of Interim Management Period

Interim Management Period means the period of time prior to full funding of the Endowment Account in the Target Amount, when Owner shall be responsible for all costs and any management obligations that the Parties agree are to be performed in accordance with this Agreement, any Conservation Easement, and the Management Plan.

Interim Management Period means the period from the Program Establishment Date until all the Performance Standards in the Development Plan have been met.

Interim Management Period means the period from the Bank Establishment Date until the first anniversary of the full funding of the Endowment Fund has occurred and all the Performance Standards in the Bank Management and Monitoring Documents have been met.

Interim Management Period means the period from the Bank Establishment Date until the third anniversary of the full funding of the Endowment Fund has occurred.

Interim Management Period means the period commencing on the Financial Cut-Off Date and ending on the Closing Date.

Interim Management Period has the meaning provided in Paragraph 3.2(a).

Interim Management Period has the meaning set forth in Section 6.1(a).