JV Term Sample Clauses

JV Term. The term of operations of the Company (the “JV Term”) shall be fifty (50) years, commencing from the Establishment Date.
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JV Term. 25.1.1 The provisions of this Agreement shall remain in full force and effect for the duration of the JV Term, save as terminated upon the occurrence of a Dissolution Event in accordance with Clause 25.2. 25.1.2 The JV Term shall initially be for a period from and including the Initial Completion Date until and including the day falling seven (7) years after the Initial Completion Date, and may be extended upon the approval of APG and WOP SPV as a Shareholders Reserved Matter.‌ 25.1.3 By no later than the date falling nine (9) months prior to the expiry of the JV Term, the Shareholders shall discuss the liquidity options to dispose of all of the Approved Projects held by it prior to the expiry of the JV Term and use best commercial efforts to dispose of all the remaining assets, including but not limited to an extension of the JV Term, portfolio sale, refinancing or re-setting the exit pricing strategy (a "Final Exit Plan").‌ 25.1.4 In the event that the Final Exit Plan is not approved by the Shareholders after three (3) consecutive proposed revisions, or within one (1) month after the first draft of the Final Exit Plan is proposed by any one of the Shareholders, whichever is earlier (the "Exit Plan Determination Date"), WOP SPV shall have the right, at its discretion, to arrange for the disposal of all of the Approved Projects held by the Group under the Final Exit Plan at a price no less than the indicative price in respect of each such project as set out in their respective last approved Annual Business Plan and Annual Budget.‌ 25.1.5 If the Company fails to dispose of all the Approved Projects held by the Group by the later of:‌ (a) three (3) months prior to the expiry of the JV Term, and (b) the expiry of six (6) months after the agreement of the Final Exit Plan or, if the Shareholders failed to reach such agreement for the Final Exit Plan, the expiry of six (6) months from the Exit Plan Determination Date, APG shall, subject to the satisfaction of any applicable Permitted Regulatory Condition, have the right (but not the obligation) to require WOP SPV to purchase all of its Securities at the Fair Market Value of APG's Securities (which shall in any event not exceed the amount equal to the Cap) at the end of the JV Term, pursuant to the procedure set out in Clause 23.3 which shall apply mutatis mutandis in the context of this Clause 25.1.5.
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Related to JV 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.

  • 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. ”

  • Agreement Term This Agreement commences on the Effective Date and continues until terminated in compliance with this Clause.

  • 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.

  • Contract Term The Contract end date, wherever such reference appears in the Contract, shall be changed from June 18, 2020 to June 18, 2021. The Contract Term may be renewed for one additional one-year period at the discretion of the State. Child Support (Applicable to natural persons only; not applicable to corporations, partnerships or LLCs). Contractor is under no obligation to pay child support or is in good standing with respect to or in full compliance with a plan to pay any and all child support payable under a support order as of the date of this amendment.

  • 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.

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

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • Service Term XOOM agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The term of this Contract will begin when your local utility switches your account to XOOM and will continue on a month-to-month basis as set forth in the accompanying Product Sheet.

  • 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.

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