Temporary Cessation definition
Examples of Temporary Cessation in a sentence
ARTICLE 24 - Temporary Cessation of Work .........................................................
SECTION 5.13 Temporary Cessation of Deposits and/or Imposition of Certificate Requirement.
This harsh result was tempered by both the addition of savings clauses to leases and, in Texas, the court created implied Temporary Cessation of Production Doctrine (TCOP).
Temporary Cessation of Use....................................................................................................................................
For any additional annual terms of this Agreement, Company and County agree to meet and confer in good faith on any additional reasonably necessary bonding amounts, if Company is no longer in Temporary Cessation, and Company is conducting Mining Operations or engaged in Full Production as more fully described in Section 7.b of this Agreement.
Examples of these provisions include Shut-in Royalty Payment Clauses, Temporary Cessation of Production Clauses, Pooling, and Force Majeure Clauses.
Subject to the Facilities Closure Claw back provision of this Agreement, in the event the Company terminates this Agreement or if there is a cessation of operations of the Project (other than the Temporary Cessation or Interruption of Operations as defined in Section hereof), the Company will take all necessary action to have the Project Property assessed for property tax purposes in the name of the Company promptly following termination of the Agreement or cessation of operations.
Notwithstanding the provisions of Section 1(b)(iv) hereof, the Guaranty shall automatically renew if the Casino's failure to generate positive EBITDA for the period of operations ending January 31, 2000 is solely the result of an Excusable Temporary Cessation of Operations and but for the Excusable Temporary Cessation of Operations the EBITDA test of Section 1(b)(iv) hereof would have been met for the period of operations ending January 31, 2000.