Term of IRU Sample Clauses

Term of IRU. The term of each Bandwidth Unit of the IRU Capacity will end on the earlier of: (a) 20 years from the Original Service Activation Date of the Bandwidth Unit, or (b) 24 years from the Closing Date; provided, however, that the term of each Bandwidth Unit will be extended by (i) the length of time, if any, that such Bandwidth Unit commences after the fourth anniversary of the Closing Date, but only to the extent such delay is attributable to the completion of the applicable portion of the Available System occurring after such date, and (ii) the length of time performance by IXC is excused pursuant to Section 11, below, in the event such performance shall have been so excused for any period of at least 12 consecutive months.
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Term of IRU. The term of each Bandwidth Unit of the IRU Capacity will end on the earlier of: (a) 20 years from the Original Service Activation Date of the Bandwidth Unit, or (b) 24 years from the Closing Date; provided, however, that the term of each Bandwidth Unit will be extended by (i) the length of time, if any, that such Bandwidth Unit commences after the fourth anniversary of the Closing Date, but only to the extent such delay is attributable to the completion of the applicable portion of the Available System
Sample 1

Related to Term of IRU

  • Term of Agreement This Agreement and the Security Interest shall terminate on the date on which all payments under the Notes have been made in full and all other Obligations have been paid or discharged. Upon such termination, the Secured Party, at the request and at the expense of the Company, will join in executing any termination statement with respect to any financing statement executed and filed pursuant to this Agreement.

  • 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.

  • Term of Engagement This Agreement will remain in effect for 12 months from the date of this Agreement. The parties hereto may terminate or extend this Agreement at any time by written consent.

  • Term of the Lease 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Term of License Unless terminated earlier, this Agreement will expire without notice on the date set forth on the Rider. You acknowledge and agree that this Agreement is non-renewable and that this Agreement confers upon you absolutely no rights of license renewal whatsoever following the expiration of the License Term.

  • 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:

  • Term of Loan 2.1 The term of the Loan hereunder shall be ten (10) years from the date when the Borrowers actually receive all or any part of the Loan. Unless otherwise indicated by the Lender prior to its expiration, the term of the Loan will be automatically extended for another ten (10) years, and so forth thereafter.

  • Term of Plan This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

  • Term of Company The Company commenced on the date the Certificate of Formation was properly filed with the Secretary of State of the State of Delaware and shall exist in perpetuity or until its business and affairs are earlier wound up following proper dissolution.

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