Licence Period , in relation to a licence, means each calendar year during which, or during any part of which, the licence is in force;
Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.
Maintenance Period shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;
Licence Term means the Initial Term plus any Further Term; Licensee means You and/or the Permitted Users;
Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.
Term SOFR means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.
Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.
Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;