First Subsequent Term definition

First Subsequent Term means the Term of this Agreement as set out in Article 3;
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Examples of First Subsequent Term in a sentence

  • Following the expiration of the Initial Term, this Agreement shall be renewed for a further period of five (5) years (the "First Subsequent Term"), provided the Company gives written notice to the Municipality not less than twelve (12) months prior to the expiration of the Initial Term of its intention to renew this Agreement and the Municipality agrees in writing to the renewal not less than six (6) months prior to the expiration of the Initial Term.

  • Similarly, in the event that the conditions set forth in (a) and (b) of this Section 1.04 have not been satisfied as of the expiration of the First Subsequent Term, then the term of this Agreement shall be extended for a third and final fifteen (15) year term (the “Final Subsequent Term”).

Related to First Subsequent Term

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

  • (2) The term Director’ means the Director of

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • (21) The term harvest rate’ means the amount of ice (at 32 degrees F) in pounds produced per 24 hours.’’.

  • (1) The term Board’ means the Board of Governors of the Federal Reserve System.

  • (C) the term affiliate’ means a company that, by reason of ownership or control of 25 percent or more of the outstanding shares of any class of voting securities of one or more companies, directly or indirectly, controls, is controlled by, or is under common control with, another company.’’.

  • (4) The term Secretary’ means the Secretary

  • (A) the term major disaster’ means any disaster or catastrophe declared or designated by any State or Federal agency or department;

  • (6) The term Secretary’ means the Secretary of

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

  • (7) The term Secretary’ means the Secretary of