Lesser Period definition

Lesser Period as defined in subsection 9.6(a).
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Lesser Period has the meaning specified in Section 6.15(4).
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Lesser Period shall have the meaning provided in Section 1.16.
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Examples of Lesser Period in a sentence

  • In case the Designated Person does not execute trade within 7 Trading Days or Lesser Period as aforesaid, he shall report to the Compliance Officer of his decision not to trade in the prescribed format.

  • Provided that in the event the period between the date of the aforesaid approval and the commencement of the closure of trading window is less than 7 (seven) Trading Days (“ Lesser Period”) then the said transaction shall be executed within such Lesser Period.

  • Notwithstanding the foregoing, in the event that the Distribution Relationship for a particular Product is less than twelve (12) consecutive complete calendar months as of the date of notice of termination, the 12 Month Quantity for that Product will be determined on a pro-rated, annualized basis calculated by multiplying the quantity of that Product actually sold during the Lesser Period by a fraction where the numerator is 12 and the denominator is the Lesser Period.

  • By way of illustration, and not by way of limitation, if the Lesser Period is four (4) calendar months and the quantity of Product sold during the Lesser Period is 10,000 units, then the 12 Month Quantity will be deemed to equal 30,000 units (10,000 units multiplied by 12/4).

Related to Lesser Period

  • Cover Period means the period from the cover start date to the cover end date.

  • Winter Period means the period in each year commencing on 1 June and ending on 30 October;

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Period shall have the meaning ascribed to it in Schedule 8;

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Trigger Period means the 60-day period commencing on the earlier of (i) the occurrence of a Change of Control or (ii) the first public announcement of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control (which Trigger Period will be extended so long as the ratings of the Notes are under publicly announced consideration for possible downgrade by any two of the three Rating Agencies); provided that the Trigger Period will terminate with respect to each Rating Agency when such Rating Agency takes action (including affirming its existing ratings) with respect to such Change of Control.

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Extended Period As defined in Section 9.04(b).

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Four Quarter Period means a period of four full consecutive fiscal quarters of the Borrower and its Subsidiaries, taken together as one accounting period.

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Cash Dominion Period means (a) each period beginning on a date when Total Excess Availability shall have been less than the greater of (i) 10% of the Line Cap and (ii) $20,000,000, in either case for five consecutive Business Days, and ending on such date as Total Excess Availability shall have been at least equal to the greater of (i) 10% of the Line Cap and (ii) $20,000,000 for a period of 30 consecutive calendar days or (b) upon the occurrence of an Event of Default, the period that such Event of Default shall be continuing.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Termination Date means the date of the termination of the Executive’s employment with the Company.