Current Term definition

Current Term means the longer of (i) the two year period beginning at the time of termination or (ii) the unexpired term of this Agreement at the time of the termination, determined as provided in Section 2 but assuming that there is no automatic extension of the Agreement term after the termination. For purposes of this Section 13.D. and Section 13.E., "Change in Control" means a change in control as defined in Employer's 1998 Long Term Incentive Plan.

Current Term means the longer of (i) the three year period beginning at the time of termination or (ii) the unexpired term of this Agreement at the time of the termination, determined as provided in Section 2 but assuming that there is no automatic extension of the Agreement term after the termination.

Current Term means the one year period beginning at the time of termination.

Examples of Current Term in a sentence

• During this twelve (12) month period or mutually agreed upon extension period, the Client shall pay the Annual Price paid for the last Year of the Current Term, plus an adjustment for inflation calculated as described in Schedule D, pro-rated over that period.

• The Client shall pay OCWA the Annual Price for each Year of the Initial Term or any Current Term, in twelve (12) equal monthly payments, in advance, on the first day of each month.

• If the Parties cannot agree on the Annual Price for any Renewal Term within six (6) months of the beginning of the last Year of either the Initial Term or the Renewal Term, as the case may be (the “Current Term”), then this Agreement will be terminated twelve (12) months after the last day of the Current Term unless the Parties mutually agree to extend the term of the Agreement.

• If the 3 Month Term SOFR Rate published on the last business day of any month (the “Current Term SOFR Rate”) differs from the Base Term SOFR Rate, the Daily Discount Rate may be adjusted on the last business day of such month by 0.00003% for each basis point difference between the Current Term SOFR Rate and the Base Term SOFR Rate on the adjustment date.

More Definitions of Current Term

Current Term means the two year period beginning at the time of the termination of this Agreement.

Current Term means the one year period beginning at the time of the termination of this Agreement.

Current Term is defined in Paragraph 4(c) under Schedule D of this Agreement.

Current Term means the one year period beginning at the time of termination. For purposes of this Section 13.D. and Section 13.E., "Change in Control" means a change in control as defined in Employer's 1997 Long Term Incentive Plan.

Current Term has the meaning set forth in Section 13(a) hereof.

Current Term means the two year period beginning at the time of termination.

Current Term means the period from July 21, 2020 through June 18, 2027.