Annual Periods. The Commercialization Plan and Budget may only be amended by the JSC in accordance with Section 3.53.5(a). Each amended and updated Commercialization Plan and Budget will be effective and supersede the previous Commercialization Plan and Budget as of the date of such approval.
Annual Periods. In the event Sellers fail to do so, the Resale Service provided hereunder shall be increased during Annual Periods sixteen (16) through twenty-five (25) from eighty-five thousand (85,000) Dekatherms per Day to one hundred and forty-three thousand, five hundred (143,500) Dekatherms per Day, in order to replace the terminated Sales Service hereunder. At the end of the Base Term, the Resale Service and/or the Sales Service shall be automatically renewed for two (2) successive five (5) Annual Periods, the first of which will commence with the expiration of the Base Term, unless either Party elects to terminate this Agreement at the expiration of the Base Term or at the expiration of the first five-Annual Period renewal term. Such termination shall be valid only if the terminating party provides written notice of its intent to terminate to the other party at least six (6) full Annual Periods prior to the expiration of the applicable term.
Annual Periods. Seller shall be responsible, and shall reimburse Georgia Power, for all costs and expenses incurred by or on behalf of Georgia Power in connection with such inspections or tests.
Annual Periods. Annual Period" shall mean, for the Initial Term and any renewal term, the twelve month period beginning January 1 of a given year and ending December 31 of that year, except that the "First Annual Period" shall mean the period beginning on the date of this Agreement and ending December 31, 2000.
Annual Periods. Annual Periods shall commence on the 1st day of September and end on the 31 day of August each year during this agreement. All dollars mentioned herein are in U.S. funds.
Annual Periods. 8.1. At the start of the annual period which will be at the start of the Organisation’s financial year, i.
Annual Periods. Upon receipt of such request, the Supplier will, during the next twelve (12) months, study the Customer's chilled water requirements by plotting Actual Capacity data points occurring during the warmest four (4) months of such twelve-month period against temperature data points for the corresponding dates during the same cooling period of the previous Annual Period which resulted in corresponding temperatures in the Boston metropolitan area. The Supplier will extrapolate the resulting relationships and in the event of a difference of five percent (5%) or more in the Actual Capacity during such dates, the Supplier will determine a new Contract Capacity and/or Permanent Additional Capacity for chilled water at the standard design temperatures contemplated under this Agreement. Supplier shall determine the new capacity charges by first reducing Permanent Additional Capacity, and if the reduction is greater than Permanent Additional Capacity, it will then reduce the Contract Capacity. In no event, however, shall the Contract Capacity for chilled water be re-established at less than 80% of the initial Contract Capacity plus Permanent Additional Capacity. In the event of any reduction in the Contract Capacity pursuant to this Section, the Contract Capacity Charge will be reduced by the number of Tons by which the Contract Capacity is reduced multiplied by the Contract Capacity Charge, per Ton of Contract Capacity, effective immediately prior to such reduction. In the event of any reduction in the Permanent Additional Capacity, the Permanent Additional Capacity Charge will be reduced by the number of Tons by which the Permanent Additional Capacity is reduced multiplied by the Permanent Additional Capacity Charge, per Ton of Permanent Additional Capacity, effective immediately prior to such reduction.
Annual Periods. Licensee shall have the option to renew this Agreement for two (2) successive renewal terms of three (3) Annual Periods each (each such renewal term hereof to be referred to herein as a "Renewal Term"); provided that (i) Licensee gives Licensor irrevocable written notice of its intent to renew at least one hundred and twenty (120) days prior to the commencement of the Renewal Term for which the renewal option is being exercised, time being of the essence, (ii) Licensee has paid all of the Percentage Royalties (as hereinafter defined) and Guaranteed Minimum Royalties theretofore required to be paid and (even if all Percentage Royalties and Guaranteed Minimum Royalties have been paid) has achieved all of the Minimum Annual Net Sales for prior Annual Periods, and (iii) on the date of renewal, Licensee is in compliance with all the terms and conditions of this Agreement.
