Replacement Time definition

Replacement Time means 75 days until such time as the Company shall have hired a Vice President of Operations or Chief Operating Officer and a Controller; then such Replacement Time shall be 120 days.
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Examples of Replacement Time in a sentence

  • In case of an alert, Leaseweb analyses the Incident and initiates replacement of defect equipment within the Equipment Replacement Time of the applicable Service Level.

  • In case of an alert, Leaseweb analyses the incident and initiates replacement of defect equipment within the Equipment Replacement Time of the applicable Service Level.

  • Each Eleventh Amendment Consenting Lender hereby consents to (i) the Partial Prepayment on the Eleventh Amendment Effective Date and (ii) the repayment in full of the Non-Consenting Lender Term Loans immediately prior to the Agency Replacement Time, but substantially concurrently with the Eleventh Amendment Effective Date, in each case pursuant to the terms of this Agreement.

  • Effective as of the Agency Replacement Time, the Resigning Administrative Agent’s rights, powers, duties (other than such rights, powers and duties otherwise agreed to in the Successor Agency Agreement and other than such rights that survive pursuant to the terms of the Credit Documents) as Administrative Agent shall be terminated, without any further act or deed on the part of the Resigning Administrative Agent or any of the parties to the Credit Agreement or the Lenders.

  • Company will use commercially reasonable efforts to correct any Box Errors before authorizing a repair or replacement, and to commence the replacement within the Box Onsite Target Replacement Time if a replacement is required.

  • Equipment Replacement Time means the period measured from the time NOVOSERVE engineers identify the defective equipment source until the moment NOVOSERVE physically replaces the faulty Equipment, excluding any time spent communicating with CLIENT regarding permissions or instructions.

  • Equipment Replacement Time means the period of time measured from the time NOVOSERVE engineers identify the source of the defective equipment, until the moment NOVOSERVE physically replaces the defective Equipment, excluding any time spent communicating with CLIENT regarding permissions or instructions.

  • Each of the parties hereto waives any requirements set forth in Section 12.9 of the Existing Credit Agreement in respect of such resignation as Swingline Lender and agrees that the resignation of Bank of America as Swingline Lender under the Loan Documents shall become effective as of the Agency Replacement Time.

  • Each of the Borrower and the Lenders and the Issuing Lender hereby waives the notice requirement set forth in Section 12.9 of the Existing Credit Agreement in respect of such resignation as Administrative Agent and Collateral Agent and agrees that the resignation of Bank of America as the Administrative Agent and the Collateral Agent under the Loan Documents shall become effective as of the Agency Replacement Time.

  • Pursuant to Sections 12.9 and 13.4 of the Existing Credit Agreement, the Resigning Agent hereby resigns as Administrative Agent, Collateral Agent and Swingline Lender under the Existing Credit Agreement and the other Loan Documents, effective at the Agency Replacement Time.

Related to Replacement Time

  • Replacement Date has the meaning set forth in Section 2.08(b).

  • Replacement Facility means 1 of the following:

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Replacement Price Section 1.51 is amended by (i) adding the phrase “for delivery” immediately before the phrase “at the Delivery Point” in the second line and (ii) deleting the phrase “at Buyer’s option” from the fifth line and replacing it with the phrase “absent a purchase”.