Limitation Period definition

Limitation Period means any period while any amount remains owing on the Note and interest on such amount, calculated at the applicable interest rate, plus any fees or other sums payable under any Loan Document and deemed to be interest under applicable law, would exceed the amount of interest which would accrue at the Highest Lawful Rate.

Limitation Period shall have the meaning given to it in Section 6.8 hereof.

Limitation Period. Where applicable means the period of 6 years following termination of this Agreement;

Examples of Limitation Period in a sentence

• Applicant will be solely responsible for the payment of Consultant’s fees up to Six Thousand Dollars ($6,000.00) for each year before and after the Tax Limitation Period and (ii) Twelve Thousand Dollars ($12,000.00) for each year during the Limitation Period.

• In order to receive and maintain the limitation authorized by Section 2.4 in addition to the other obligations required by this Agreement, the Applicant shall Maintain Viable Presence in the District commencing at the start of the Tax Limitation Period through the Final Termination Date of this Agreement.

• Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.

• In consideration of the execution and subsequent performance of the terms and obligations by the Applicant pursuant to this Agreement, identified in Sections 2.5 and 2.6 and as more fully specified in this Agreement, the value of the Applicant’s Qualified Property listed and assessed by the County Appraiser for the District’s maintenance and operation ad valorem property tax shall be the Tax Limitation Amount as set forth in Section 2.4 of this Agreement during the Tax Limitation Period.

• In the event the Applicant determines that it will not commence or complete construction of the Applicant’s Qualified Investment during the Qualifying Time Period, the Applicant shall have the option, prior to the commencement of the Tax Limitation Period, to terminate this Agreement pursuant to Section 7.1 by notifying the District in writing of its exercise of such option.

More Definitions of Limitation Period

Limitation Period means the period specified in section 10 of the Limitation Act 1980.

Limitation Period means the period of 6 years following termination of this Agreement;

Limitation Period has the meaning set forth in Section 7.1 below.

Limitation Period means the period of 6 years following termination of this Agreement. “Lost or Stolen Card Contact Number” means 0113 320 1900.

Limitation Period means the period commencing on the Fifth Amendment Effective Date and ending on the date the Borrower demonstrates compliance with each of the financial covenants set forth in Section 7.01 for the fiscal quarter ending on or after March 24, 2021 by delivery of the financial statements pursuant to Section 6.02(b) and the certificate pursuant to Section 6.02(e) to the Administrative Agent no later than the due date specified therein for such fiscal quarter. For the avoidance of doubt, if the Borrower fails to demonstrate compliance with each financial covenant set forth in Section 7.01 for the fiscal quarter ending March 24, 2021, then the Limitation Period shall continue until the fiscal quarter ending after March 24, 2021 for which the Borrower demonstrates compliance with the financial covenants set forth in Section 7.01.

Limitation Period means the period commencing on the Conversion Trigger Date and ending on the nine-month anniversary of the Conversion Trigger Date.

Limitation Period. , in relation to a claim, means the period after which a court proceeding shall not be commenced with respect to the claim;