Time clause definition

Time clause means a condition in a purchase contract that allows one party to a contract to provide the other written notice that the party has entered into another contract and the second party must remove all conditions within the specified timeframe or the contract will end.
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Examples of Time clause in a sentence

  • For purposes of calculating the Funds Withheld Account Adjustment for the first Monthly Accounting Period after the Effective Time, clause (iii) of Section 6.2(d) shall include only Investment Income earned since the Effective Time.

  • Each of the Shareholders' total liability (for indemnification or otherwise) with respect to the matters described in clause (a), clause (b) or, to the extent relating to any failure to perform or comply prior to the Effective Time, clause (c) of Section 10.2, shall be limited to the total consideration received by such Shareholder.

  • The parties to this agreement have mutually agreed that for the purposes of Travelling Time, clause 3.1 HOURS OF WORK will not apply.

  • Permanent Full Time (clause 8.1) Average weekly ordinary hours of employment are 38 hours and not engaged as a seasonal, part- time or casual employee Award rate Refer to section 12 of this agreement.

  • For purposes of any recapture effective on or prior to the Novation Effective Time, clause (i)(a) of Section 10.7 of the Existing Reinsurance Agreement shall be deemed to read “(a) shall be no greater than the ▇▇▇▇ of the Economic Reserve Sub-Account Assets immediately prior to the recapture payment and .

  • Full Time (clause 8.1) Average weekly ordinary hours of employment are 38 hours and not engaged as a seasonal, part- time or casual employee Award rate Refer to section 12 of this agreement.

  • Such individuals acknowledge, agree and confirm that (a) the purchase of a “tail” policy pursuant to Section 5.04(b) of the Merger Agreement will satisfy the requirements of the final sentence of Section 7.11 of each Indemnification Agreement, and (b) from and after the Effective Time, clause (ii) of the last sentence of Section 7.06 of each Indemnification Agreement shall be deemed deleted and inapplicable such that only clause (i) of such sentence shall be operative.

  • The Shareholders will have no liability (for indemnification or otherwise) with respect to the matters described in clause (a), clause (b) or, to the extent relating to any failure to perform or comply prior to the Effective Time, clause (c) of Section 10.2 until the total of all Damages with respect to such matters exceeds $25,000, and then only for the amount by which such Damages exceed $25,000.

  • Part Time (clause 9.1) Engaged to work on a part time basis involving a regular pattern of hours which averages less than 38 ordinary hours per week.