Commercial Term Sample Clauses

Commercial Term. During the Commercial Term, Company shall use the Leased Property for the development, construction, ownership, operation, maintenance and repair of the Solar Facility. In connection with such use, Company shall have the exclusive right: a. to construct, install and operate on the Leased Property multiple solar panels and inverters; b. to erect, construct and use all the necessary and requisite devices, fixtures, appurtenances and facilities for the Solar Facility, as determined in the sole and absolute discretion of Company, including but not limited to: foundations, supports, concrete pads and footings; fences, and roads for ingress and egress of construction and maintenance vehicles; the physical preparation of the sites on which the Solar Facility will be installed and the preparation of access routes thereto (whether located on the Leased Property or, if necessary, on the Adjacent Property); power collection facilities, including underground or above ground distribution and collection lines between Solar Facility Equipment and from Solar Facility Equipment to one or more substations and points of interconnection with the power grid, wires and cables, conduit and above- ground transformers for the Solar Facility; substations or interconnection and switching facilities which Company may connect to a utility transmission system or the transmission system of another purchaser of electrical energy; underground or above ground control, communications and telecommunications equipment, including underground fiber, wires, cables and conduit; erosion control facilities; signs, gates and other safety and protection facilities; control and administration buildings; and other improvements, facilities, appliances, machinery and equipment in any way related to or associated with any of the foregoing (all of the foregoing, including the solar panels and inverters, collectively referred to herein as the “Solar Facility Equipment”); c. to maintain, clean, repair, replace and dispose of part or all of the Solar Facility Equipment; d. to allow and control access of third parties to the Leased Property. The Company may invite third parties upon the Leased Property without permission from the Landowner so long as the terms of this Lease are not violated; e. to trim or cut down trees, shrubs or any other landscaping and vegetation on the Leased Property as may be necessary for the exercise of rights granted to Company pursuant to this Lease; and f. to gate or otherwise secu...
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Commercial Term a. The Commercial Term shall commence on the Commercialization Date, and shall , provided that Company shall have the right to extend the Commercial Term for up to (each, an “Extended b. Company, in its sole and absolute discretion, shall have the right to terminate this Lease, as to all or any portion of the Leased Property, at any time during the Commercial Term, effective upon at least ninety (90) days written notice to Landowner. If such termination is as to only part of the Leased Property, (i) this Lease shall remain in effect as to the remainder of the Leased Property, and (ii) Company will be obligated to satisfy the obligations set forth in Section 7 for that portion of the Leased Property with respect to which Company has exercised such termination right.
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Commercial Term. Commences on the Commercialization Date and ends
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Commercial Term. 6.1 For providing the services mentioned above Merchant will pay below mentioned Fees to AFHERI as per plan mentioned under below table: - Fixed Fee Merchant Sales / Month Merchant ABC - Payable Summary Deductions Net Payable to Merchant ABC N
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Commercial Term. (a) The Commercial Term shall commence on the Commercialization Date, and shall , provided that Company shall have the right to extend the Commercial Term for up to (each, an “Extended
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Commercial Term. Upon satisfaction of the notice requirements to Landowner, the Commercial Term shall be extended for such Extended Term upon the same terms, conditions and covenants as are contained in this Lease, subject to Section 5.2(b) below.
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Commercial Term. The Commercial Term shall begin on the Commercialization Date and last for a period of thirty (30) years, subject to two (2), ten (10) year options to extend at CES’s discretion. During the Commercial Term, CES shall be responsible to pay Commercial Term Rent (as defined below), any increase in the property taxes, rental taxes, development fees and all improvements and costs associated with the development of the Solar Facility on the Property.
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Commercial Term. Section 10.1(b) (Commercial Term) of the Original Agreement is hereby amended as follows: Delete “January 1, 2010” and replace it with “March 1, 2010”.
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Commercial Term a. The Commercial Term shall commence on the Commercialization Date, and shall end thirty (30) years thereafter, provided that Company shall have the right to extend the Commercial Term for up to two (2) additional periods of five (5) years each (each, an “Extended Term”), by notice to Landowner before the expiration of the Commercial Term or the Extended Term. Company may elect to exercise its option to extend the Term by giving Landowner written notice of such election not earlier than eighteen (18) months and not later than six (6) months prior to the expiration of the then-current term of this Lease. Upon satisfaction of the notice requirements to Landowner, this Lease shall be extended for such Extended Term upon the same terms, conditions and covenants as are contained in this Lease, subject to Section 5.2(b) below. b. Company, in its sole and absolute discretion, shall have the right to terminate this Lease at any time during the Commercial Term, effective upon at least ninety (90) days written notice to Landowner. Upon such termination, Company will be obligated to satisfy the obligations set forth in Section 7.
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Related to Commercial Term

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • License Term The license term shall commence upon the License Effective Date, provided, however, that where an acceptance or trial period applies to the Product, the License Term shall be extended by the time period for testing, acceptance or trial.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Research Term The term “

  • Dpa Term Paragraph 4 on page 1 of the DPA setting a three-year term for the DPA shall be deleted, and the following shall be inserted in lieu thereof: “This DPA shall be effective upon the date of signature by Finalsite and XXX. and shall remain in effect as between Finalsite and LEA 1) for so long as the Services are being provided to LEA or 2) until the DPA is terminated pursuant to Section 15 of this Exhibit G, whichever comes first. ”

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Royalty Term On a country-by-country and Licensed Product-by-Licensed Product basis, royalty payments in the Territory shall commence upon the first commercial sale of such Licensed Product, whether such sale is to a Public Purchaser, Governmental Authority or private entity or person and whether such sale is made under an EUA or Key Approval, in such country in the Territory and will terminate upon the later of: (a) the expiration, invalidation or abandonment date of the last Valid Claim of the Patents in the country of sale or manufacture of such Licensed Product in the Territory or (b) expiration of regulatory exclusivity of such Licensed Product in such country of sale in the Territory (the “Royalty Term”).

  • Exclusivity Period During the Exclusivity Period, each Party: (a) shall and shall cause its respective Affiliates and Representatives to, work exclusively with the other Parties to implement the Transaction, including to (i) evaluate the Target; (ii) formulate any amendments to the terms of the Proposal, if applicable; (iii) prepare and submit to the Target the Merger Agreement; (iv) conduct negotiations, prepare and finalize the Documentation in the forms to be agreed by the Parties and (v) vote, or cause to be voted, at every shareholder meeting (whether by written consent or otherwise) all Securities against any Competing Proposal or matter that would facilitate a Competing Proposal and in favor of the Transaction; (b) shall not, without the written consent of the other Parties, directly or indirectly, either alone or with or through any of its Affiliates or Representatives: (i) make a Competing Proposal or join with, or invite, any other person to be involved in the making of any Competing Proposal (including through any rollover investment therein); (ii) provide any information to any third party with a view to the third party or any other person pursuing or considering to pursue a Competing Proposal; (iii) finance or offer to finance any Competing Proposal, including by offering any equity or debt finance, or contribution of Securities or provision of a voting agreement, in support of any Competing Proposal; (iv) enter into any written or oral agreement, arrangement or understanding (whether legally binding or not) regarding, or do, anything which is directly inconsistent with the Transaction as contemplated under this Agreement; (v) acquire (other than pursuant to share incentive plans of the Target) or dispose of any Securities, or directly or indirectly (A) sell, offer to sell, give, pledge, encumber, assign, grant any option for the sale of or otherwise transfer or dispose of, or enter into any agreement, arrangement or understanding to sell or otherwise transfer or dispose of, an interest in any Securities (“Transfer”) or permit the Transfer by any of their respective Affiliates of an interest in any Securities, in each case, except as expressly contemplated under this Agreement and the Documentation, (B) enter into any contract, option or other arrangement or understanding with respect to a Transfer or limitation on voting rights of any of the Securities, or any right, title or interest thereto or therein, or (C) deposit any Securities into a voting trust or grant any proxies or enter into a voting agreement, power of attorney or voting trust with respect to any Securities, (vi) take any action that would have the effect of preventing, disabling or delaying the Party from performing its obligations under this Agreement; or (vii) solicit, encourage, facilitate, induce or enter into any negotiation, discussion, agreement or understanding (whether or not in writing) with any other person regarding the matters described in Section 5.01(a) or (b); (c) shall immediately cease and terminate, and cause to be ceased and terminated, all existing activities, discussions, conversations, negotiations and other communications (whether conducted by it or any of its Affiliates or Representatives) with all persons conducted heretofore with respect to a Competing Proposal; and (d) shall promptly notify the other Parties if it, its Affiliates or any of its Representatives receives any approach or communication with respect to any Competing Proposal, promptly disclose to the other Parties the identity of any other persons involved and the nature and content of such approach or communication and promptly provide copies of any such written Competing Proposal.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Patent Term Extension The Parties will cooperate in selecting a patent within the Patent Rights to seek a term extension for or supplementary protection certificate under in accordance with the applicable laws of any country. Each Party agrees to execute any documents and to take any additional actions as the other Party may reasonably request in connection therewith.

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