Damage Period definition

Damage Period shall commence on the date the City delivers written notice to Developer of its election to receive liquidated damages pursuant to Section 7.4 and shall continue until the date that such default is cured or the date such suspension expires. In the event the City reasonably anticipates that the Damage Period shall extend beyond ninety (90) days, the City shall take reasonable steps to mitigate the City’s costs of providing services included in Direct Community Impacts, in order to achieve a savings in such costs, and shall credit any such cost savings against the foregoing liquidated damages. The foregoing limitation on the City’s remedies shall in no way limit or diminish the City’s rights or remedies under the Guaranty and Keep Well Agreement or require that the City first pursue its rights against Parent Company under that agreement; provided, however that to the extent the City receives monetary damages as a result of its enforcement of such other remedies, which shall not exceed the amount of liquidated damages which would otherwise be payable hereunder, the City agrees that Developer shall be entitled to a credit for the amount of any liquidated damages assessed or paid pursuant to this Section 7.4. No liquidated damages under Section 7.4 shall be payable following the expiration of the Developer’s Category 1 license at the end of the original Fifteen (15) year term, or in the event of any renewal thereafter, following the expiration of any such renewal.
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Damage Period is defined in Section 11.4.
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Damage Period shall commence on the date the City delivers written notice to Developer of its election to receive liquidated damages pursuant to this Section 11.4 and shall continue until the date that such default is cured, the date such suspension expires, or the Gaming Area reopens for business, even if Developer’s Owner’s License remains suspended.
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Examples of Damage Period in a sentence

  • Motor vehicles, motorcycles, caravans and trailered boats (moves within Australia) If You choose cover Option A – Accidental Damage Period of Transit means the period starting from the time when the Professional Carrier first moves Your vehicle, caravan or trailered boat for the purpose of loading it onto the Conveying Vehicle.

  • Nothing herein shall be construed to place any additional liability on the City for any Project Construction Damage and Excessive Wear and Tear during the Construction Damage Period.

  • In order to safeguard the Phase I Improvements from Project Construction Damage and Excessive Wear and Tear (as defined in Sections 3.01(b) and (c), respectively, of the Development Agreement), City acknowledges that Subdivider has a legitimate interest in securing and safeguarding the Phase I Improvements to mitigate potential damages between the period of time after the recordation of the Notice of Acceptance of the Phase 1 Improvements to the end of the Construction Damage Period.

  • Excluding the Identified Market Timers, the IDC determined that there were a total of 19,998 seemingly Non-Market-Timing Investors in Conseco accounts with balances in at least one of the affected VAFs during the Damage Period.

  • Under this alternative specification (not tabulated), the range estimates provided in the Post Filing Period are approximately twice as wide as the range estimates provided in the Pre Damage Period.

  • The IDC determined that it is fair and reasonable to define the “Total Net Dilution Damage” suffered by a particular Non-Market-Timing Investor with respect to its investment in all VAFs and over the entire Damage Period as the sum of the Positive Net Dilution Damage across the VAFs in which it is invested.

  • The Plan is designed to allocate the Conseco Fair Fund among Non-Market- Timing Investors who, through the Respondents’ and UICs’ variable annuity products, invested in VAFs that incurred Positive Net Dilution Damage in amounts identified as material by the IDC from market timing through Conseco investment products during the Damage Period.

  • Every minister, board member, shepherd, deacon, or employee, shall affirm their agreement with the Statement of Faith and shall conduct themselves in a manner that is consistent therewith.

  • The IDC has requested ownership data from the ten materially affected VAFs to identify the UICs that were Omnibus Accountholders during the Damage Period.

  • The Group’s entitlement to future performance fees from Magellan funds is dependent on the unit price of the fund exceeding the high-water mark.


More Definitions of Damage Period

Damage Period has the meaning set forth in Section 6.6 (f).
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Damage Period means the 12-month period following the date of termination. In addition, (i) the Executive shall be entitled to receive any Prior Year Bonus, any Final Compensation and the Pro-Rated Bonus, each as described above, (ii) the 2018 LTIP Award and 2019 LTIP Award shall immediately vest with respect to requirements of continued service but will continue to be subject to the achievement of applicable performance goals, if any, and be payable in accordance with the terms of the applicable LTIP Program and the Applicable Plan, and (iii) any other outstanding LTIP Award shall continue to vest during the Damage Period with respect to requirements of continued service but will continue to be subject to the achievement of applicable performance goals, if any, and be payable in accordance with the terms of the applicable LTIP Program and the Applicable Plan. Further, if the Executive is enrolled in the Company’s medical, vision and dental plans or the M&F basic and executive health insurance plans on the date of termination and provided that the Executive is permitted to continue such participation under applicable law and plan terms without the imposition of a penalty on the Company, and if the Executive elects to continue her participation and that of her eligible dependents in those plans for a period of time under the federal law known as “COBRA,” then, until the earliest to occur of (x) the conclusion of the Damage Period, (y) the conclusion of the COBRA period, or (z) the date the Executive becomes eligible for coverage under a subsequent employer’s plan, the Company will contribute to the premium cost of the Executive’s coverage and that of her eligible dependents under those plans (or will reimburse M&F for such costs if the Executive had elected to continue to participate in the M&F basic and executive health insurance plans and is not then an employee of M&F) at the rate it contributed to the Executive’s premium cost of coverage on the date of termination (such contribution to be treated as a bonus and subject to any applicable tax withholdings). To be eligible for these Company premium contributions, however, the Executive must pay her portion of the premium cost during the Damage Period. After the Company’s contributions end, the Executive may continue benefits coverage for the remainder of the COBRA period, if any, by paying the full premium cost of such benefits. The Company’s obligations pursuant to this Section 4.3 shall not be subject to the Executive...
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Damage Period means the 12-month period following the date of termination.
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Related to Damage Period

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • Extended benefit period means a period which:

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Claims Period means the period during which a claim for indemnification may be asserted hereunder by an Indemnified Party.

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Post-Change Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the second anniversary of the occurrence of such Change in Control.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • PAGA Period means the period from May 10, 2022, through May 21, 2023.

  • Reemployment Commencement Date means the first day following a One-Year Period of Severance on which an Employee is entitled to be credited with an Hour of Service described in Paragraph (a)(1) of the definition of “Hour of Service” in this Article.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Effective Period has the meaning assigned thereto in Section 2(a).

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.