Firm Term definition

Firm Term means the part of the lease term that is not subject to termination rights.
Sample 1Sample 2Sample 3

Examples of Firm Term in a sentence

  • The Firm Term is that part of the Lease term that is not subject to termination rights.

  • The Non-Firm Term is that part of the Lease term following the end of the Firm Term.

  • If the Offeror chooses to amortize the TI for a period exceeding the Firm Term of the Lease, the Offeror shall indicate the extended time in the offer.

  • If the Government terminates the Lease after the Firm Term or does not otherwise renew or extend the term beyond the Firm Term, the Government shall not be liable for any unamortized TI costs resulting from an extended amortization period.

  • Prior to or during the Firm Term, the Company may terminate this Agreement for Cause.

  • The term "operational cost savings" means a reduction in operational costs to the landlord through the application of Building improvements that achieve cost savings over the Firm Term of the Lease sufficient to pay the incremental additional costs of making the Building improvements.

  • If the Government elects to make a lump-sum payment for the BSAC after occupancy, the payment of the BSAC by the Government will result in a decrease in the rent according to the amortization rate over the Firm Term of the Lease.

  • The company may terminate this Agreement without cause prior to the Firm Term (as hereinafter defined), by providing thirty days notice to the Officer.

  • At any time after occupancy and during the Firm Term of the Lease, the Government, at its sole discretion, may elect to pay lump sum for any part or all of the remaining unpaid amortized balance of the TIA.

  • The Company may terminate this Agreement without cause prior to the Firm Term (as hereinafter defined), by providing thirty days notice to the Officer.

Related to Firm Term

  • Initial Term has the meaning set forth in Section 7.1.

  • Order Form Term means the duration of an Order Form.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Research Term has the meaning set forth in Section 3.2.

  • Minimum Term means, in respect of this Agreement, the period of 12 months beginning on the Effective Date;

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Negotiation Period has the meaning given in Clause 5.10;

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Primary Term means for the purposes of any Service provided under any Schedule of Service under:

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Marketing Period means the first period of fifteen (15) consecutive calendar days commencing on the later of (i) the date Parent shall have access to the Required Financial Information and (ii) the date the Company Shareholder Approval has been obtained; provided that (x) (1) none of July 5, 2022, July 3, 2023 or July 5, 2023 shall be considered a calendar day for the purposes of this definition (provided, however, that such exclusion shall not restart such period) and (2) if such fifteen (15) consecutive calendar day period has not ended on or prior to (A) August 22, 2022, then it will be deemed to not commence earlier than September 6, 2022, or (B) December 16, 2022, then it will be deemed to not commence earlier than January 2, 2023, (y) in no event shall the Marketing Period be restarted or cease to continue if additional financial statements are required to be delivered pursuant to the definition of “Required Financial Information” or have otherwise been provided after the Marketing Period has commenced, and (z) the Marketing Period in any event shall end on any earlier date prior to the expiration of such fifteen (15) consecutive calendar day period if the Debt Financing is consummated on such earlier date (including closing into escrow); provided, further, that if the Company shall in good faith reasonably believe that it has provided the Required Financial Information, the Company may deliver to Parent a written notice to that effect (stating in good faith when it believes it completed such delivery), in which case the Company shall be deemed to have delivered the Required Financial Information on the date specified in such notice, unless Parent in good faith reasonably believes that the Company has not completed the delivery of the Required Financial Information at the time such notice is given and, within three (3) Business Days after the date of the delivery of such notice by the Company, Parent gives written notice to the Company to that effect (stating with reasonable specificity which such Required Financial Information has not been delivered), in which case such Required Financial Information shall be deemed to have been delivered when such specific items have been delivered by the Company; provided, that such written notice from Parent to the Company will not prejudice the Company’s right to assert that the Required Financial Information was, in fact, delivered; provided, further, that, notwithstanding the foregoing, the delivery of the Required Financial Information shall be satisfied at any time at which (and so long as) Parent shall have actually received the Required Financial Information, regardless of whether any such notice is delivered to the Company.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Collaboration Term has the meaning set forth in Section 2.2.

  • Delivery Term has the meaning set forth in Section 1.1(b).

  • Renewal Period the period described in clause 13.1.

  • Renewal Term has the meaning set forth in Section 2.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Agreement Term has the meaning set forth in Section 11.1.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • Research Program Term means the duration of the Research Program as it may be extended or terminated as described more fully in Section 2.10 and Article 8.

  • Launch Date has the meaning specified therefor in Section 2.02(b) of this Agreement.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Offering Commencement Date means the first day of each Offering Period.