Term Phase Sample Clauses

Term Phase. During the Term Phase, the Production Loan will be permanently reduced by way of consecutive monthly principal payments commencing 30 days after the end of the Revolving Phase over an amortization period consistent with the Borrower's cash flow profile, as determined by CIBC, by applying its usual practice for similar type loans in comparable circumstances, provided that such amortization period shall not exceed 36 months.
Sample 1Sample 2
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Term Phase. During the Term phase Customer is entitled to use the Service with a User Limit, a Job Limit, an Analyzer Quota, and a Detector Quota as specified in the invoice.
Sample 1
Term Phase. During the Term phase Licensee is entitled to use the Software with a User Limit and Analyzer Quota as specified in the invoice.
Sample 1
Term Phase. During the Term Phase, the Credit Facility will be permanently reduced by way of consecutive monthly principal payments commencing 30 days after the end of the Revolving Phase over an amortization period consistent with the Borrower’s cash flow profile, as determined by CIBC, by applying its usual practice for similar type loans in comparable circumstances, provided that such amortization period shall not exceed 24 months. On the last day of the Term Phase, all principal, interest and other amounts owing hereunder will become immediately due and payable.
Sample 1
Term Phase. During the Term Phase, the interest rates then in effect from time to time for CIBC Prime Rate loans, U.S. Base Rate loans and LIBOR based loans and stamping fees on bankers’ acceptances shall increase by 1% per annum with interest payable monthly in arrears.
Sample 1
Term Phase. During the Term phase Customer is entitled to use the Service with a Mailbox Limit as specified in the invoice. During the Term, either Provider or a Reseller will provide support (herein collectively referred to as “Support”) to Customer. All Resellers are obligated to fulfill certain Support quality standards of Provider, but the concrete terms and conditions of a Support related agreement between Customer and Reseller are subject to the negotiations between these parties. Support by Provider shall be a basic Support in accordance with the following additional terms and conditions (“Support Provisions” or “SP”). The SP are hereby incorporated by reference into the SAASA. Defined terms used herein but not otherwise defined herein shall have the meanings given such terms in the SAASA. In the event of a conflict between these SP and the SAASA, the SAASA shall govern. NONE OF THE SERVICE AND SUPPORT PROVISIONS SHALL OPERATE OR BE CONSTRUED AS A WAIVER OF ANY LIMITATION OF WARRANTY, LIMITATION ON REMEDIES, LIMITATION OF DAMAGES, LIMITATION OF LIABILITY OR ANY OTHER LIMITATION AS SET FORTH IN THE SAASA IN FAVOUR OF THE PROVIDER.
Sample 1
Term Phase. During the Term phase Licensee is entitled to use the Software with a Mailbox Limit as specified in the invoice. During the Term, either Licensor or a Reseller will provide service and support (herein collectively referred to as “Support”) to Licensee. All Resellers are obligated to fulfill certain Support quality standards of Licensor, but the concrete terms and conditions of a Support related agreement between Licensee and Reseller are subject to the negotiations between these parties. Support by Licensee shall be a basic Support in accordance with the following additional terms and conditions (“Service and Support Provisions” or “SaSP”). The SaSP are hereby incorporated by reference into the XXXX. Defined terms used herein but not otherwise defined herein shall have the meanings given such terms in the XXXX. In the event of a conflict between these SaSP and the XXXX, the XXXX shall govern. NONE OF THE SERVICE AND SUPPORT PROVISIONS SHALL OPERATE OR BE CONSTRUED AS A WAIVER OF ANY LIMITATION OF WARRANTY, LIMITATION ON REMEDIES, LIMITATION OF DAMAGES, LIMITATION OF LIABILITY OR ANY OTHER LIMITATION AS SET FORTH IN THE XXXX IN FAVOUR OF THE LICENSOR.
Sample 1
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Term Phase. During the Term Phase on the first day of each month in consecutive monthly amortized payments of principal and interest sufficient to amortize the remaining unpaid principal balance at the Pay Rate as it may adjust from time to time based on an amortization schedule of ten (10) years.
Sample 1
Term Phase. CIBC Prime Rate in effect from time to time plus 1 1/2% per annum with interest payable monthly in arrears. STANDBY FEE: During the Revolving Phase, a Standby Fee of 1/4 of 1% per annum calculated on the undrawn portion of the available and unused Production Loan is payable monthly in arrears. RENEWAL FEE: $20,000 is payable upon the Borrower's acceptance of the terms and conditions hereof.
Sample 1

Related to Term Phase

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Construction Phase Part 1 –

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items: 9.1 All profit, profit expectations and costs associated with profit sharing plans such as personnel bonuses, incentives, and rewards; company stock options; or any other like expenses of Contractor.

  • Extension Term The options to extend the Term of this Lease as described above shall not be deemed exercised by Tenant unless at least twenty-four (24) months prior to the Lease Expiration Date for the Primary Term or at least twenty-four (24) months prior to the expiration of the Extension Term for the first (1st) Extension Term, Tenant shall have delivered written notice to Landlord of Tenant's irrevocable election to so extend this Lease at the end of the Primary Term or the first (1st) Extension Term, as applicable. Tenant's failure to deliver one (1) such timely notice to Landlord shall terminate all future Extension Terms, if any, following the Extension Term to which such notice specifically relates. Subject to the provisions of paragraph 5 of this Lease, the terms and conditions of this Lease shall apply to each Extension Term with the same force and effect as if such Extension Term had originally been included in the Primary Term of the Lease. The right of Tenant to exercise its rights with respect to the Extension Terms shall be conditioned upon this Lease being in full force and effect and no Event of Default then existing as of the Lease Expiration Date (for the first (1st) Extension Term), or expiration of the first (1st) Extension Term (for the second (2nd) Extension Term). The Primary Term, together with any Extension Term with respect to which Tenant properly exercises its option, and for which the conditions related thereto are satisfied, shall constitute the "TERM" of this Lease.

  • Term; Renewal Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • 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:

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • 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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