Alternative Term definition

Alternative Term shall have the meaning specified in Section 2.1 of this Agreement.
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Alternative Term has the meaning set forth in Section 2.04.
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Examples of Alternative Term in a sentence

  • This Agreement shall continue in full force and effect after the Option Term or Alternative Term, as applicable, from Contract Year to Contract Year unless or until terminated either by Customer or Processor upon ninety (90) Days advance written notice to the other party hereto specifying a termination date at the end of the Option Term or Alternative Term, as applicable, or of any Contract Year thereafter.

  • If the parties hereto have not agreed to the Option Term at least ninety (90) Days prior to the conclusion of the Primary Term, they shall promptly enter into good faith negotiations to determine the Alternative Term, and shall use commercially reasonable efforts to agree upon an Alternative Term prior to the expiration of the Primary Term.

  • Not later than 11:00 a.m. (Eastern time), four Business Days prior to the requested date of such Borrowing or continuation of Alternative Term Rate Loans, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders.

  • Immediately upon receipt of such notice, interest on the Term Loan shall accrue and be payable at the Alternative Term Loan Interest Rate.

  • Interest shall accrue on each Alternative Daily Rate Loan and Alternative Term Rate Loan for the day on which such Loan is made, and shall not accrue on any Alternative Daily Rate Loans or Alternative Term Rate Loans, or any portion thereof, for the day on which such Loans or such portion is paid, provided that any Alternative Daily Rate Loan and Alternative Term Rate Loan that is repaid on the same day on which it is made shall, subject to the terms of this Agreement, bear interest for one day.

  • No assignment of this Alternative Term Note and the obligations evidenced hereby shall be effective unless such assignment shall have been recorded in the Register as provided herein and in Section 11.6(f) of the Credit Agreement.

  • If paragraph (c) above applies but it is not possible to calculate the Interpolated Alternative Term Rate then Clause 12.3 (Cost of Funds) shall apply to that Loan for that Interest Period.

  • If Lessee does not exercise the Alternative Term Option on or before 1 June 2015, the Alternative Term Option shall automatically expire and cease to be exercisable by Lessee.

  • Buyer shall promptly notify Seller in writing in the event an Alternative Term would be more favorable to Seller than the analogous term or condition of this Agreement.

  • If Lessee exercises the Alternative Term Option, the amendments set out in Schedule 9, shall be applied automatically to this Agreement, without further action or agreement by or between the Parties.

Related to Alternative Term

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Share Termination Alternative If applicable, Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the relevant Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable, in satisfaction of such Payment Obligation in the manner reasonably requested by Counterparty free of payment. Share Termination Delivery Property: A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Extended Termination Date has the meaning specified in Section 2.16(c).