Valid Suspension Period definition

Valid Suspension Period means a Suspension Period not exceeding twenty (20) consecutive calendar days or more than one Suspension Period not collectively exceeding in excess of an aggregate of thirty (30) calendar days during any three (3) month period or sixty (60) calendar days during any twelve (12)-month period (which need not be consecutive calendar days), in each case only caused solely for valid business reasons, as determined in good faith by the Company in its reasonable judgment (which shall not include the avoidance of the Company’s obligations hereunder), including, without limitation, the acquisition or divestiture of assets, pending corporate developments, public filings with the SEC and similar events; provided that the Company promptly thereafter complies with the requirements of Section 3(d) hereof, if applicable; provided further that the first day of any such Suspension Period must be at least three (3) Trading Days after the last day of any prior Suspension Period; and provided further that the twenty, thirty and sixty-day time periods stated in this paragraph shall be increased by up to seven (7) calendar days in the case of a Suspension Period caused by a post-effective amendment to a Registration Statement that is required to be filed in order to update audited financial statements of the Company for a new fiscal year.
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Related to Valid Suspension Period

  • Shelf Suspension Period See Section 3(a) hereof.

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Covenant Suspension Event has the meaning assigned to such term in Section 4.19.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Shelf Suspension shall have the meaning set forth in Section 3.2.4.

  • Provisional Suspension means the Athlete or other Person is barred temporarily from participating in any Competition or activity prior to the final decision at a hearing conducted under Article 8;

  • Demand Suspension shall have the meaning set forth in Section 3.1.6.

  • Blackout Period shall have the meaning set forth in Section 3(n).

  • Base Period means (i) the test period ending December 31, 2010 (or, if the Commission has elected to stagger its biennial reviews of utilities as provided in subdivision 1, the test period ending December 31, 2010, for a Phase I Utility, or December 31, 2011, for a Phase II Utility), or (ii) the most recent test period with respect to which credits have been applied to customers' bills under the provisions of this subdivision, whichever is later.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Suspension Event has the meaning set forth in Section 1(f)(ii).

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Exclusion period shall have the meaning set forth in Section 3(q) below.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first mailed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period will be specified in the Notice.

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Free period means any Period other than the Prohibited Period.

  • Grace Period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits such as waiting periods and coverage of preexisting diseases. Coverage is not available for the period for which no premium is received.

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.

  • Lockout Period if applicable, is defined in the Note.