Fitment Period definition

Fitment Period means the rent-free period commencing from the date of handing over the Facility to the Operator, for carrying out fitout activities;
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Fitment Period or “Moratorium Period” means the period starting from the date of handing over of the Licensed Spaces for carrying out fit out activities including planning, designing, integration, marketing and approval(s)/ license(s) from DMRC or external agencies, in order to operationalize the Licensed Space. Fitment period will be considered as per actual handed-over area. The Fitment Period shall be upto the specified period or upto start of Commercial operation, whichever is earlier. The Fitment Period, may as below: Sr. No. Inventory Type Area Fitment Period Remarks (sqm) (Days) 1.1 Built-up Shop/bare space Upto 60 30 i) In case of allotment of multiple locations, fitment period will be on the basis of total area of all the allotted shop/bare spaces/ spaces and shall commence from the date of handing-over of first site. 1.2 Above 60 and upto 100 60 ii) In case of allotment of additional space for extension of existing handed over licensed space, no fitment period shall be provided.
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Examples of Fitment Period in a sentence

  • But rent will be paid by Bank two months (Fitment Period) from the date of entering lease agreement for carrying out interior works by Bank.

  • The License Fee shall be payable from the day falling after the date of the completion of the Fitment Period or from the commencement of business, whichever is earlier.

  • Rent will be paid by Bank two months (Fitment Period) from the date of entering lease agreement for carrying out interior works by Bank.

  • In case of allotment of additional bare space, different from existing handed over licensed space, Fitment Period equal to half of specified Fitment Period shall be provided.

  • Moreover, Methodology for calculation of Fitment Period shall be dealt as per clause-6.2 of Chapter-6 i.e. Tenure of License Agreement.

  • In case of extension of the Commencement Date or Fitment Period or both, as the case may be, for whatsoever reason, the escalation on the License Fee and maintenance fee shall be counted from the effective date only.

  • The maximum number of Shares which may be purchased and/or held as treasury shares by the Company is 10,006,441 Shares (excluding the 10,982,000 treasury shares held), which is ten per centum (10%) of the issued and paid-up share capital of MPI.

  • But rent will be paid by Bank three months (Fitment Period) from the date of entering lease agreement for carrying out interior works by Bank.

  • For clarification purposes, Fitment Period shall be inclusive of approval of the creative media, design, content, material etc.

  • In the rare case of extension of the Commencement Date or Fitment Period or both, as the case may be, for any unforeseen reason, the escalation on the License Fee and maintenance fee shall be counted from the applicable date.

Related to Fitment Period

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Investment Period means, and shall be equal to, the Standard Investment Period.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • Commitment Period means the period commencing on the earlier to occur of (i) the Effective Date, or (ii) such earlier date as the Company and the Investor may mutually agree in writing, and expiring on the earliest to occur of (x) the date on which the Investor shall have made payment of Advances pursuant to this Agreement in the aggregate amount of the Commitment Amount, (y) the date this Agreement is terminated pursuant to Section 10.2 or (z) the date occurring thirty-six (36) months after the Effective Date.

  • Payment Period means the three months following each Collection Quarter.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

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

  • Event Period means the inclusive period from 31st December 2017 to the 15th January 2018 or such longer or shorter period as the Company may notify to the Team;

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Credit Period means with respect to any building that is included in a Tax Credit Project, the period of 10 years beginning with (i) the taxable year in which the building is Placed In Service, or (ii) at the election of the Developer, the succeeding taxable year.

  • Revolving Period means the period beginning on the Closing Date and ending at the close of business on the day immediately preceding the earlier of the day the Controlled Accumulation Period commences or the day the Early Amortization Period commences.

  • 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.

  • Assessment Period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;