Examples of Initial Implementation Date in a sentence
The first payment shall be due and payable within five (5) days of the Initial Implementation Date and, subject to the terms of this subsection, all remaining payments will be due each calendar month thereafter on the same day of the month as the Initial Implementation Date (e.g. if the Initial Implementation Date is January 10/th/, 2000, each subsequent payment will be due on the 10/th/ day of the applicable calendar month).
This AGREEMENT shall commence on the Initial Implementation Date, or on the date that the services begin following all required signatures or as soon as all required signatures have been affixed to this AGREEMENT, which ever date occurs last (the "COMMENCEMENT DATE"), and shall terminate on the last day of the month which is four (4) years after the COMMENCEMENT DATE.
The representations and warranties made by the Insureds in Sections 18(a) and 18(c) hereof being true and correct in all respects (except that the representation in Section 18(a)(iv) shall be materially true and correct in all respects) as of the Signing Date, and the Insureds shall have performed all material obligations and conditions herein required to be performed or observed by it on or prior to the Initial Implementation Date.
To the extent it is determined in the period of time between the Signing Date and the Initial Implementation Date that the listing of a Subject Loan on a Schedule to this Agreement is the result of manifest error, the Parties agree to cooperate in good faith to correct such error, it being understood that if the Initial Implementation Date has occurred and the Parties continue to dispute the listing of any Subject Loan, then Section 11(c) shall apply to such continuing dispute.
If the Initial Implementation Date has occurred, as soon as practicable after eight (8) months after the Signing Date, or such other date proposed by Bank of America on which MGIC agrees, each of Bank of America and CHL shall take all necessary steps to dismiss the Litigation Action with prejudice as to all of the GSE/HFI Loans, and such dismissal shall be substantially in the form of Stipulation of Dismissal on Exhibit J.
For all other [*], there will be [*] consecutive “True-Up Periods” of [*] each starting on the Initial Implementation Date in such country.
For each applicable country, there will be [*] consecutive “True-Up Periods” of [*] each starting on the Initial Implementation Date in such country.
The obligations of the Parties to consummate the actions set forth in this Settlement Agreement on and after the Initial Implementation Date are subject to and conditioned upon receiving the Required Consents.
If (x) the aggregate amount of True-Up Loans resulting from the application of Section 7(b)(i) and the reduction of the Settlement Payment pursuant to Section 7(b)(ii) with respect to the Class 2 GSE Loans is less than the Reimbursement Amount, then (y) Bank of America shall pay to MGIC the aggregate amount of such difference, in cash via wire transfer within ten (10) days of the disbursements from escrow pursuant to Section 8(a) in connection with the Initial Implementation Date.
Bank of America may terminate this Settlement Agreement by written notice to MGIC prior to the Initial Implementation Date, if, within the Transfer Period, the OCI has filed a complaint relating to MGIC under Wisconsin Statute section 645.54 seeking to invalidate the transfer of the Settlement Payment or the Denial Settlement Payment to the Escrow Account, or to void any portion of this Settlement Agreement.