Balance of the Term definition

Balance of the Term means the period beginning on the date of termination and ending on the date that the Employment Period would have ended pursuant to this Section 3 due to lapse of time (assuming no further extensions of the Employment Period beyond those already approved as of the date of termination), without regard to Section 14.

Balance of the Term means the period from the date of termination of the Lease until the Terminating Date.

Balance of the Term means, on any specific date, the period of time that commences on such date and ends on the then-current Scheduled Maturity Date.

Examples of Balance of the Term in a sentence

• On the Closing Date, the proceeds of the Term C Loans, together with other funds (if any) provided by the Borrower, were deposited into the applicable Term C Loan Collateral Accounts such that the Term C Loan Collateral Account Balance of the Term C Loan Collateral Account established for the benefit of each Term Letter of Credit Issuer equaled at least the Term Letters of Credit Outstanding of such Term Letter of Credit Issuer.

• On April 15, 2002, A mails in accordance with the requirements of this section, a Form 1040X, ‘‘U.S. Amended Individual Income Tax Return,’’ claiming a refund of a portion of the tax that had been paid through withholding during 1998.

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• In addition, the Employer shall continue to pay to the Employee the Employee's Base Salary for the Balance of the Term, provided, however, that if the Employee voluntarily terminates his employment for Good Reason within the meaning of Subparagraph (v) of Paragraph (n) of Section 1 after a Change in Control, the Base Salary to be so continued shall be the Employee's Base Salary in effect immediately prior to such Change in Control.

• After such 18-month period, the Employee shall be required to mitigate any damages that the Employee may incur as a result of such termination and the amount of payments due hereunder for the remaining Balance of the Term, if any, by seeking employment comparable in terms of compensation, position and location to the Employee's employment hereunder (other than such employment as would result in a breach of Section 13 hereof).

• Except as provided in subsection 2.3.2, the Principal Balance of the Term Loan shall bear interest at a per annum rate equal to the Base Rate, plus the Applicable Margin.

• The aggregate Principal Balance of the Term Loans, together with accrued interest thereon and all other amounts owed by the Borrower pursuant to the terms of the Loan Documents, shall be payable in full on the earlier to occur of (i) the Maturity Date and (ii) the date on which the Obligations have been declared payable in accordance with the provisions of Section 13 hereto.

• Subject to the provisions of Section 4 of this "Attachment "C", if the Port can assign all of the Third Party Licenses and all Other Permittee's Intangible Rights so that Permittee shall be permitted to legally operate the Other Permitted Space for the Other Permittee's Business for the Balance of the Term, the Port shall have the right to cause Permittee to operate the Other Permittee Space for the Other Permittee's Business for the Balance of the Term.

• If, following such termination prior to a Change in Control, the Employee obtains any other employment, then any amounts that the Employee earns from such other employment during the Balance of the Term remaining after the 18-month anniversary of the date of such termination, if any, shall offset and reduce the amounts payable to the Employee as a result of the termination of the Employee's employment without Cause or for Good Reason.

• Prior to a Change in Control, the Employee shall not be required to mitigate the amount of any damages that the Employee may incur as a result of such termination of employment for the lesser of (x) eighteen (18) months after the date of such termination or (y) the Balance of the Term.

More Definitions of Balance of the Term

Balance of the Term shall have the meaning ascribed to it in section 3.1 of this Agreement;

Balance of the Term means the period commencing on the Calculation Date, and ending on December 31, 2040.

Balance of the Term means the period of time remaining on the scheduled Term after giving effect to the most recent extension of the Term occurring prior to any termination of the Term.