Applicable Term definition

Applicable Term means the Applicable Term set forth on Exhibit E for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit E.

Applicable Term means the Initial Term, together with any Extension Term, if applicable.

Applicable Term means the Applicable Term set forth on Exhibit D for the Applicable Assets as such Applicable Term may be extended from time to time pursuant to Exhibit D.

Examples of Applicable Term in a sentence

• Except as otherwise agreed by the Related Refinery Owner and the Relevant Asset Owner, the Relevant Asset Owner shall, during the Applicable Term, maintain or cause to be maintained property and casualty insurance (including pollution insurance coverage) on the Applicable Premises and the Applicable Assets and Additional Improvements in accordance with customary industry practices and with a licensed, reputable carrier.

• The Relevant Asset Owner shall give prompt notice to the Related Refinery Owner of any release of any Hazardous Substances on or at the Applicable Premises or Shared Access Facilities that occur during the Applicable Term.

• Initial and Check the Applicable Term): _____ ☐ - This power of attorney is effective as of the date hereof and shall terminate upon revocation or automatically on the ___ day of __________________, 20___.

• During the Applicable Term but subject to the provisions of this Section 6.2, the Relevant Asset Owner shall pay all Taxes assessed directly against the Taxable Assets directly to the applicable taxing authority prior to delinquency and shall promptly thereafter provide the Related Refinery Owner with evidence of such payment.

• Taxes for the first and last years of the Applicable Term shall be prorated between the Related Refinery Owner and the Relevant Asset Owner based on the portions of such years that are coincident with the applicable tax years and for which each of them is responsible.

More Definitions of Applicable Term

Applicable Term has the meaning set forth in Article 7.

Applicable Term means the Service term stated in an Order Schedule.

Applicable Term means, with respect to any provision of this Agreement, the period during which such provision is operative, as set forth herein.

Applicable Term means the term stated in an Order Schedule or, if no such term is stated in an order schedule, the term stated in this Service Agreement.

Applicable Term the Initial Term and any renewal or extension thereof.

Applicable Term means the term commencing on the Commencement Date and continuing through the end of the initial ten (10) year Term.

Applicable Term means the term stated in an Order Schedule, beginning on the Effective Date.