Timely basis definition

Timely basis means ordinary and usual delivery of replacement parts exclusive of acts of God, strikes, breakdown of delivery facilities and other acts of similar import.
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Timely basis shall have the meaning set forth in Section 8.25.1.
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Timely basis means within sixty five (65) days from date of receipt of an order deposit, unless otherwise mutually agreed upon in writing by both Parties at time of order.
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Examples of Timely basis in a sentence

  • Timely basis is defined as three (3) work days after notification that a student will be absent from school for a period of two or more weeks or for an indefinite period or for a student’s change in residence.

  • Plan Administrator will provide, on a Timely basis, from the date of receipt, eligibility information (including all changes in Participant eligibility whether by reason of termination, change in classification, additions, and any other reason, by entering such changes into the eligibility database in a format acceptable to HEBP.

  • If Employer fails to make any payment required by the Agreement on a Timely basis, Claim Administrator, at its option, may assess a daily charge for the late remittance from the due date of any amount(s) payable to Claim Administrator by Employer.

  • If Employer and Claim Administrator exchange data and information electronically, Employer agrees to transfer on a Timely basis all required data to Claim Administrator via secure electronic transmission on the intranet and/or internet or otherwise, in a format mutually agreed to by the Parties.

  • If, notwithstanding Best Efforts in seeking the funding, the Parties do not secure adequate funding on a Timely basis to perform a particular obligation, the Parties shall seek to agree to an alternative schedule and other appropriate remedies to permit the performance of that particular obligation.

  • Timely basis shall mean that such response shall occur on the same day as the message was left/sent, but in no event shall such response be later than one school day if possible after said message was left/sent.

  • Notwithstanding Due Diligence in seeking the funding as described in Appendix B-2, the Parties do not secure adequate funding on a Timely basis to perform a particular obligation; and the Parties, having met and conferred pursuant to Section 6.5, agree to an alternative schedule and other appropriate remedies to permit the performance of that particular obligation.

  • In the event Employer and Claim Administrator exchange various data and information electronically, Employer agrees to transfer on a Timely basis all required data to Claim Administrator via secure electronic transmission on the intranet and/or internet or otherwise, in a format mutually agreed to by the parties.


More Definitions of Timely basis

Timely basis means becoming Year 2000 Compliant before the first time in such Borrower or Subsidiaries' normal operations when Date Sensitive Functions would otherwise yield inaccurate, inappropriate, or inconsistent results that are reasonably likely to have a material adverse effect on such Borrower or Subsidiary, as the case may be. "Date Sensitive Functions" include all functions of computer applications, imbedded microchips, and other systems which involve the generation or comparison of dates, the calculation of elapsed time between dates, the generation of random numbers based on dates, the implementation of another function as a consequence of a date, or the processing or generation of any other information in which dates are significant.
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Related to Timely basis

  • Consistent Basis in reference to the application of GAAP means the accounting principles observed in the period referred to are comparable in all material respects to those applied in the preparation of the audited financial statements of the Borrower referred to in Section 6.6(a).

  • Net After-Tax Basis means, with respect to the Payments, either with or without reduction under subsection (a) (as applicable), the amount that would be retained by the Executive from such Payments after the payment of all Taxes.

  • After-Tax Basis means that indemnity and compensation payments required to be made on such basis will be supplemented by the Person paying the base amount by that amount which, when added to such base amount, and after deduction of all Federal, state, local and foreign Taxes required to be paid by or on behalf of the payee with respect of the receipt or realization of the base amount and any such supplemental amounts, and after consideration of any current tax savings of such payee resulting by way of any deduction, credit or other tax benefit actually and currently realized that is attributable to such base amount or Tax, shall net such payee the full amount of such base amount.

  • Reasonable Basis means reasonable basis within the meaning of Section 6662(d)(2)(B)(ii)(II) of the Code and the Treasury Regulations promulgated thereunder (or such other level of confidence required by the Code at that time to avoid the imposition of penalties).

  • Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.