Subsequent Periods. This Agreement may be extended at the mutual agreement of the parties. Any extension will be formalized by an amendment to the Licensing Agreement, signed by both parties.
Subsequent Periods. This Agreement may be extended at the mutual agreement of the parties for periods of one year beyond the expiration date for a total cumulative period of not more than five (5) years. Any extension will be formalized by an amendment to the Licensing Agreement, signed by both parties.
Subsequent Periods. For Commercial Years subsequent to the Initial Period ILDONG shall achieve the Sales Target. If ILDONG fails to achieve * percent (*%) of the Sales Target for any Commercial Year subject to the Initial Period, ILDONG shall, within * pay to SUBLICENSOR a sum equal to the *. * Confidential material redacted and filed separately with the Commission. In addition to the above, if ILDONG fails to achieve * percent (*%) of the Sales Target for *, SUBLICENSOR shall have the right to terminate this Agreement with respect to each country within the Territory where * were not achieved. In the case where SUBLICENSOR exercises its rights to terminate this Agreement, SUBLICENSOR shall provide * (*) months prior notice of termination and purchase back any Product stock held by ILDONG valued at the commercial price. If during the above mentioned * month period, ILDONG achieves * for such six-month period, then ILDONG shall be deemed to have cured the breach and the termination shall be null and void.
Subsequent Periods. For any Subsequent Period, the Company shall pay the Consultant $120,000 per 90-day period plus reimbursement of expenses pursuant to Section 5(b) of this Agreement for providing the Consulting Services pursuant to this Agreement. The foregoing amount shall be paid in monthly increments of $40,000 at the beginning of each month provided the Consultant has submitted an invoice for such amount in advance.
Subsequent Periods. For any period beginning with the expiration of the rates listed in Section 4(a) above and continuing through the expiration of this Agreement, the Employer shall make payments to the Fund at the rates prescribed by the Board, or its authorized agent, on behalf of each eligible employee described in Section 3 above. Each period for which a particular rate is in effect is considered to be a "Subsequent Period." No increase in rates will take effect before the first day of the month next following the expiration of the 30-day period after notice of the increase was furnished to the Employer and the Union.
Subsequent Periods. In order for NLS to receive the benefit of the pricing described in Section 6.2 for a fifth or sixth twelve month period from the Effective Date, NLS shall be required, at least two years prior to the commencement of each such twelve month period, to deliver to Broadcom a written undertaking and commitment to purchase at least [*****] of the total aggregate requirements of NLS and all of its Affiliates for each component of the classes described in Section 7.1 during such twelve month period.
Subsequent Periods. The Government may extend this Agreement for periods of one year beyond the expiration date for a total cumulative period of not more than five (5) years. Extensions are made by modification based on mutual agreement of the parties.
Subsequent Periods. At least three (3) Business Days prior to the expiration of the Interest Period then in effect, the Borrowers shall submit a written request (the "Euro-Rate Request") to the Bank specifying the term of the next Interest Period to which the Euro-Rate shall apply.
Subsequent Periods. Subsequent periods will commence on the last day of the previous period and will end on the date the selected number of months after that date. A period that would otherwise include the Repayment Date will end on the Repayment Date and may be less than a full Interest Period.
Subsequent Periods. (i) Within forty-five days of the first day of each Subsequent Period, BOG shall provide to Middle Bay a written estimate, determined in BOG's reasonable discretion, of the BOG Drilling Costs relating to Subject Wellx xxx BOG Completion Costs relating to Subject Wellx xxx such Subsequent Period.
(ii) On or before 30 days before the first day of each Subsequent Period, Middle Bay shall deposit into the Escrow Account an amount (the "Subsequent Deposit") representing the sum of Middle Bay's 25% share of the estimated BOG Drilling Costs relating to Subject Wellx xxx such Subsequent Period and Middle Bay's 12.5% share of the estimated BOG Completion Costs relating to Subject Wellx xxxected to be incurred or advanced during such Subsequent Period. The amount of each Subsequent Deposit shall, however, be determined giving due credit to any Account Balance that is expected to remain unused from a previous period (i.e., from the Initial Period or a prior Subsequent Period, as the case may be) and that further is not earmarked by BOG for payment of Middle Bay's share of BOG Drilling Costs relating to Subject Wellx and/or BOG Completion Costs relating to Subject Wellx xxx such previous period. Such deposit shall be made, in immediately available funds, into the Escrow Account.
(iii) It is hereby recognized that each Subsequent Deposit shall be calculated based on estimated BOG Drilling Costs relating to Subject Wellx xxx BOG Completion Costs relating to Subject Wellx xxx the applicable Subsequent Period. BOG shall have the right from time to time during each Subsequent Period to revise its estimates of BOG Drilling Costs relating to Subject Wellx xxx/or BOG Completion Costs relating to Subject Wellx xxx such Subsequent Period upward. To the extent that the Account Balance is (or is reasonably estimated by BOG to be) less at any particular time than the sum of Middle Bay's 25% share of the revised estimate of BOG Drilling Costs relating to Subject Wellx for the applicable Subsequent Period and Middle Bay's 12.5% share of the revised estimate of BOG Completion Costs relating to Subject Wellx xxx such Subsequent Period, Middle Bay shall deposit into the Escrow Account funds (which shall constitute a Shortfall Deposit) representing 25% of the portion of the estimated shortfall attributable to BOG Drilling Costs relating to Subject Wellx xxx 12.5% of the portion of the estimated shortfall attributable to BOG Completion Costs relating to Subject Wellx; such deposit shall ...
