INITIAL EIGHTEEN MONTHS OF INITIAL TERM Sample Clauses

INITIAL EIGHTEEN MONTHS OF INITIAL TERM. During the period beginning on the Effective Date and ending on the date immediately preceding the date on which Quest Diagnostics completes the delivery to the Information Encoder or the Escrow Agent under Appendix F and to SmithKline Xxxxxxx of all Historical Data in accordance with Section 6.04 and Appendix F (the "COMMENCEMENT Date"), there shall be no charge for Category One Uses of the Data. During the period beginning on the Commencement Date and ending on the eighteen-month anniversary of the Effective Date, SmithKline Xxxxxxx shall pay to Quest Diagnostics in advance and in full, promptly after the Commencement Date, a fee of fifty thousand U.S. Dollars (US $50,000) per month (prorated for any partial month based on the actual number of days remaining in such month over the total number of days in such month) for such period for Category One Uses of Data; provided that in no event shall the aggregate fee for such period exceed $625,000.
Sample 1
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Related to INITIAL EIGHTEEN MONTHS OF INITIAL TERM

  • Initial Term This Agreement shall become effective as of the date first written above (the “Start Date”) and shall continue thereafter throughout the period that ends two (2) years after the Start Date (the “Initial Term”).

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Term and Annual Renewal The term of this Agreement shall be from the date of its approval by the vote of a majority of the Board of each Issuer, and it shall continue in effect from year to year thereafter only so long as such continuance is specifically approved at least annually by the vote of a majority of its Board, and the vote of a majority of those members of the Board who are neither parties to the Agreement nor interested persons of any such party, cast at a meeting called for the purpose of voting on such approval. “Approved at least annually” shall mean approval occurring, with respect to the first continuance of the Agreement, during the 90 days prior to and including the date of its termination in the absence of such approval, and with respect to any subsequent continuance, during the 90 days prior to and including the first anniversary of the date upon which the most recent previous annual continuance of the Agreement became effective. The effective date of the Agreement with respect to each Fund is identified in the Schedule A of this Agreement.

  • 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.

  • Extension of Initial Term Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than the annual anniversary date.

  • Extension Term The Term of the Lease is hereby extended for sixty (60) months and, therefore, the Term Expiration Date is hereby amended to mean January 14, 2023. The period commencing on January 15, 2018 (the “Extension Term Commencement Date”) and ending on the Term Expiration Date shall be referred to herein as the “Extension Term.”

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • year “Year” shall mean the 12-month period ending on March 31.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

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